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