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Kōrero: Spending in the economy

Bill Phillips’ MONIAC

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Bill Phillips’ MONIAC

Bill Phillips built the MONIAC, using perspex and parts scavenged from a Lancaster bomber, in a friend’s garage in Surrey, England. The MONIAC (short for Monetary National Income Analogue Computer) could carry out calculations and was programmable. Fiscal policy, monetary policy and exchange rates could all be studied.

Image courtesy of Stephen A'Court

Te whakamahi i tēnei tūemi

Reserve Bank of New Zealand

by Stephen A'Court

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Me pēnei te tohu i te whārang

Paul Dalziel, Spending in the economy – Spending stabilisation, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/photograph/21638/bill-phillips-moniac (accessed 4 June 2026).

He kōrero nā Paul Dalziel, i tāngia i te 4 March 2010, updated 16 September 2016.