Showing posts with label water tank model. Show all posts
Showing posts with label water tank model. Show all posts

Friday, 16 January 2009

Phillip's water tank model to explain the economy

http://www.guardian.co.uk/business/2008/may/08/bankofenglandgovernor.economics
A sensation when it was unveiled at the London School of Economics in 1949, the Phillips machine used hydraulics to model the workings of the British economy.

http://www.nzier.org.nz/Site/about/NZIER_Moniac.aspx