hydraulic Keynesianism

English

Coined by Alan Coddington in 1976. In reference to Alban William Phillips' hydraulic MONIAC computer, which he used for modelling the economy.

hydraulic Keynesianism (uncountable)

(economics, derogatory) A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation.

单词	hydraulic Keynesianism
释义	hydraulic Keynesianism English Etymology Coined by Alan Coddington in 1976. In reference to Alban William Phillips' hydraulic MONIAC computer, which he used for modelling the economy. Noun hydraulic Keynesianism (uncountable) (economics, derogatory) A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation.
随便看	åtalat åtalats åtalen åtalens åtalet åtalets åtals åtalseftergift åtande åtar åtbörd åtbörden åtbördens åtbörder åtbörderna åtbördernas åtbörders åtbörds åtdragen åte åtel åtelkamera åteln åtelns åtels