411 REFERENCE · Wiktionary
MONIAC
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
en money ENIAC.
Proper noun
en economics en w:Phillips Machine Monetary National Income Analogue Computer.
en 2018 Tönu Puu Disequilibrium Economics: Oligopoly, Trade, and Macrodynamics Springer 9783319744155 204 https://books.google.com/books?id=s-lTDwAAQBAJ&pg=PA204&dq=the+%22MONIAC%22&hl=&cd=5&source=gbs_api#v=onepage&q=the%20%22MONIAC%22&f=false An amusing invention was the MONIAC (MOnetary National Income Analogue Computer) hydraulic macroeconomic machine where flows of investment or export were represented by streaming coloured water in transparent tubes, and the stock of money by a water tank, whereas taxation was controlled through a valve.