hydraulic economic computer MONIAC

E862171

The hydraulic economic computer MONIAC is an analog machine built in the late 1940s that uses flowing colored water through tanks and pipes to simulate and visualize the workings of a national economy.

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Predicate Object
instanceOf analog computer
economic simulator
hydraulic computer
teaching device
alsoKnownAs Phillips Machine
linked to: Phillips

hydraulic economic computer MONIAC
builtIn late 1940s
countryOfOrigin United Kingdom
designedFor classroom demonstration
policy experimentation
developerAffiliation London School of Economics
developmentStartDate 1949
era post-World War II
exhibitedAt London School of Economics
various universities worldwide
fullName Monetary National Income Analogue Computer
hasComponent pipes
pumps
reservoirs
tanks
transparent panels
valves
historicalSignificance early analog computer for economics
pioneering physical model of a national economy
inputType adjustable valves and settings
inventor A. W. H. Phillips
linked to: A. W. Phillips

Bill Phillips
outputType water levels and flow rates
physicalPrinciple hydraulic flow analogy
powerSource electric pump
primaryPurpose to simulate a national economy
to teach macroeconomics
to visualize flows of national income
represents consumption
exports
government spending
imports
investment
money supply flows
national income
savings
taxation
scale room-sized machine
simulationDomain Keynesian economics
macroeconomics
national income accounting
technologyType pre-digital computing device
usesMedium colored water
water
visualizationMethod flowing colored water

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A. W. Phillips developed hydraulic economic computer MONIAC
MONIAC fullName Monetary National Income Analogue Computer
linked to: hydraulic economic computer MONIAC
MONIAC alsoKnownAs hydraulic economic computer MONIAC