Showing posts with label bill phillips. Show all posts
Showing posts with label bill phillips. Show all posts

29 May 2018

The MONIAC

I have been wanting to see this machine at the Reserve Bank Museum for several years, since reading about the New Zealand economist and inventor Bill Phillips.  As the only visitors on a cold and rainy Wellington Monday, we were treated to a demonstration of this early computer by a very informative Museum staff member.




Just after the Second World War and around the time the US military commissioned the ENIAC electronic computer (initially for calculating artillery trajectories), Phillips built a computer for assessing and demonstrating the effects of changes in a nation's economy such as interest rates, taxation, government investment and foreign trade.  The difference with Phillips' machine was that rather than using the flow of electrons to calculate complex equations it used the flow of water.

Water is often used as an analogue for electricity when explaining the 'flow' of electrons and the effects of a constriction (a resistor), a one-way valve (a diode) and suchlike but Phillips' machine was literally an analogue (in both senses of the word) computer, where the changes in the levels in transparent containers represented the various changes to metrics in the economy in a continuous (or non-digital) way.  

The device could also demonstrate the time lag between changes in one aspect and another as money flows around the economy.

Phillips built the first MONIAC while he was a student at the London School of Economics.  Copies and replicas of the machine are located at various universities and institutions around the world.