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It's strange that the article does not mention anything about hydraulic macroeconomics and MONIAC, they were once widely used to verify theories in economics.
by ramgorur 9y ago
It's strange that the article does not mention anything about hydraulic macroeconomics and MONIAC, they were once widely used to verify theories in economics.
https://en.wikipedia.org/wiki/MONIAC https://en.wikipedia.org/wiki/MONIAC
https://en.wikipedia.org/wiki/Hydraulic_macroeconomics https://en.wikipedia.org/wiki/Hydraulic_macroeconomics
- valarauca1 9y agoIt's too bad MONIAC couldn't model the Stagflation of the 70's or it might be a useful model.
- alimw 9y agoSo this looks interesting, but my first thought is how can a conserved quantity like water model something like money that is created and destroyed?
- deleted 9y ago[deleted]
- kybernetikos 9y agoI don't think there's any requirement that the amount of water in the model remains constant. In principle you could drain or open valves to add more.