The Creation of the Newlyn-Phillips Machine

This talk explores the background of the two economists, Walter Newlyn and Bill Phillips and how they built their famous hydraulic model of the economy. It looks at the reception of the ‘machine’ and its place in the history of economics’ thinking about the nature of the macroeconomy.

Those interested in economics, computing and the history of LSE will learn about how a group of people came together to successfully make their ideas a reality.

Mary S Morgan is the Albert O. Hirschman Professor of History and Philosophy of Economics at the London School of Economics. Her current work is on case studies and narratives and on ‘performativity’: the ways in which economic ideas, technologies and measurements reshape economies in the world.

Jim Thomas is Emeritus Reader in Economics and Research Associate (STICERD) at LSE. His current research is in the History of Economics. Recent publications include chapters on Coase and the London School of Economics in the 1920s-1940s, Cambridge and Econometrics and (forthcoming) Allen, Roy George Douglas (1906 – 1983) and LSE and Econometrics.

LSE Library (@LSELibrary) hosts a regular program of exhbitions showcasing some of the Library's treasured collections. The current exhibition is about economic history and is called A Wealth of Ideas: Economics and the LSE.

Twitter Hashtag for this event: #LSEPhillips

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LSE holds a wide range of events, covering many of the most controversial issues of the day, and speakers at our events may express views that cause offence. The views expressed by speakers at LSE events do not reflect the position or views of the London School of Economics and Political Science.