| 词条 | Hydraulic macroeconomics |
| 释义 |
Hydraulics is the science and engineering of the mechanical properties of liquids. Macroeconomics is the study of the performance and structure of an entire economy. Hydraulic macroeconomics is, essentially, a study of the economy that treats money as a form of liquid that circulates through the economic plumbing. William Phillips, a famous economist and creator of the Phillips curve, invented the MONIAC, a hydraulic computer which simulated the British economy.[3][4][5] This is the inspiration for the term. Even earlier, in 1891, Irving Fisher built a hydraulic machine for calculating equilibrium prices.[6]Initially, the phrase, "hydraulic macroeconomics", was associated with Keynesian economic models that did not display household or firm optimization.[7] References1. ^{{cite journal |first=Alan |last=Coddington |year=1976 |title=Keynesian Economics: The Search for First Principles |journal=Journal of Economic Literature |volume=14 |issue=4 |pages=1258–1273 |jstor=2722548 }} {{Econ-theory-stub}}2. ^{{cite book |first=Alan |last=Coddington |title=Keynesian Economics: The Search for First Principles |location=Boston |publisher=G. Allen & Unwin |year=1984 |isbn=978-0-04-330341-2 }} 3. ^{{cite journal |first=A. W. |last=Phillips |year=1950 |title=Mechanical Models in Economic Dynamics |journal=Economica |series=New Series |volume=17 |issue=67 |pages=283–305 |jstor=2549721 |doi=10.2307/2549721 }} 4. ^{{cite journal |first=Nicholas |last=Barr |title=The Phillips Machine |journal=LSE Quarterly |volume=2 |issue=4 |pages=305–337 |url=http://eprints.lse.ac.uk/1540/ }} 5. ^{{cite web |url=http://www.cs.man.ac.uk/CCS/res/res12.htm#e |title=University of Manchester, Bulletin of the Computer Conservation Society }} 6. ^{{cite journal |first=W. C. |last=Brainard |first2=H. E. |last2=Scarf |title=How to Compute Equilibrium Prices in 1891 |journal=American Journal of Economics and Sociology |volume=64 |issue=1 |pages=57–83 |year=2005 |doi=10.1111/j.1536-7150.2005.00349.x |citeseerx=10.1.1.180.2592 }} 7. ^{{cite web |first=Nicolai |last=Foss |title=The Phillips Machine |work=Organization and Market |url=http://organizationsandmarkets.com/2007/11/02/the-philips-machine/ }} 2 : Business cycle|Keynesian_economics |
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