29 May, 2020, 4:00 pm - 5:00 pm
Newlyn Phillips Machine – or How Money (With Maths and Models) Makes the World Go Round
Steve French, Mike Finn, Greg Radick
The Newlyn-Phillip Machine, or Mark I model of the Monetary National Income Automatic Computer (MONIAC), is a hydraulic computer, built in Leeds, which uses water to represent the flow of money through an economy. We live in world where computer-based models of economic life seem increasingly not just to represent that life but to run it. How did this come to pass? And what general lessons can be drawn about the role of models in the sciences, natural and social? With the Leeds Newlyn-Phillips machine — the world’s first economics computer — as a pivot, this lecture will explore some of the curious ties binding money, maths and models in the “dismal science” and beyond.
Click here to see Steve French, Mike Finn and Greg Radick explain more…
Then, if that fires your imagination and curiousity, why not join the online discussion group at 4pm Fri 29th May. For details of how to access the discussion group, please click here.
This lecture is the 10th in a series of 20 as part of a free online course offering an introduction to the History of Science by the Centre for History and Philosophy of Science at the University of Leeds.