The Restoration of the Phillips Machine: Pumping up the Economy

Reza Moghadam

24 citations0/0 files storedEconomic Affairs

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Monetary Policy and Economic Impact Economic Theory and Policy Political and Economic history of UK and US

Abstract

What is the Phillips Machine? Reza Moghadam and Colin Carter, of the Suntory Toyota International Centre for Economics and Related Disciplines, describe the machine invented by Professor Bill Phillips to model the British economy in the 1940s and its recent restoration.

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1958The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 1 1937Mr. Keynes and the "Classics"; A Suggested Interpretation 1950Mechanical Models in Economic Dynamics

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