REPLY The Phillips Machine (SD7032)

[SDMAIL Dr Adrian Boucher FRSA]

Posted by  Dr Adrian Boucher FRSA <adrian at infometrics.go-plus.net>

Hi Jim

Many thanks for your message.  I think the SD list is one of the 
friendliest and most helpful of academic communities.  I have received 
many extremely useful and helpful notes of guidance over the years, sent 
by generous people all over the world.  I am proud to be involved (if 
only marginally) with this community.

My understanding is that the Phillips machine was used quite 
successfully to bring home to generations of economists the concepts of 
stocks and flows (pretty essential distinction in economics) and to show 
the Circular Flow of Income in action.  A diagram of the machine was the 
frontispiece of Newlyn's "Theory of Money" way back in the late 1960s.

John Morecroft has also mailed me with information  of a working model 
of the machine at the Science Museum in South Kensington.  Next time I 
am in London, I shall make a point of visiting.

Every good wish.
 
Adrian
Posted by  Dr Adrian Boucher FRSA <adrian at infometrics.go-plus.net>
posting date  Mon, 12 May 2008 12:13:22 +0100