Phillips Machine

The Phillips Machine, also known as the MONIAC (Monetary National Income Analogue Computer), Phillips Hydraulic Computer and the Financephalograph, is an <a href="/facts/Analogue_computer/3NhYoCML">analogue computer</a> which uses <a href="/facts/Fluidics/TGsCqRwD">fluidic logic</a> to model the workings of an economy. The name "MONIAC" is suggested by associating <a href="/facts/Money/3BYGU6C8">money</a> and <a href="/facts/ENIAC/EcfmM1Y0">ENIAC</a>, an early electronic <a href="/facts/Digital_computer/SQe1aK05">digital computer</a>.
It was created in 1949 by the <a href="/facts/New_Zealand/4mpSlJdg">New Zealand</a> economist <a href="/facts/William_Phillips_(economist)/CPMFGeMQ">Bill Phillips</a> to model the national economic processes of the <a href="/facts/United_Kingdom/kuPAILt2">United Kingdom</a>, while Phillips was a student at the <a href="/facts/London_School_of_Economics/L8SkGefj">London School of Economics</a> (LSE). While designed as a teaching tool, it was discovered to be quite accurate, and thus an effective economic simulator.
At least twelve machines were built, donated to or purchased by various organisations around the world. As of 2023<a href="https://en.wikipedia.org/w/index.php?title=Phillips_Machine&action=edit">[update]</a>, several are in working order.

Phillips Machine open-in-new

Phillips Machine