Abstract

http://ssrn.com/abstract=1434407
 
 

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Secrets Hidden by Two-Dimensionality: The Economy as a Hydraulic Machine


Mary S. Morgan


London School of Economics; University of Amsterdam

Marcel J. Boumans


University of Amsterdam; Tinbergen Institute; Erasmus University Rotterdam (EUR) - Erasmus Institute for Philosophy and Economics (EIPE)

2004

MODEL: THE THIRD DIMENSION OF SCIENCE, pp. 369-401, S. de Chadarevian and N. Hopwood, eds., Standford University Press, 2004

Abstract:     
A long-standing tradition presents economic activity in terms of the flow of fluids. This metaphor lies behind a small but influential practice of hydraulic modelling in economics. Yet turning the metaphor into a three-dimensional hydraulic model of the economic system entails making numerous and detailed commitments about the analogy between hydraulics and the economy. The most famous 3-D model in economics is probably the Phillips machine, the central object of this paper.

Keywords: metaphor, analogy, model, Phillips machine

JEL Classification: B22, B00

Accepted Paper Series


Not Available For Download

Date posted: July 18, 2009  

Suggested Citation

Morgan, Mary S. and Boumans, Marcel J., Secrets Hidden by Two-Dimensionality: The Economy as a Hydraulic Machine (2004). MODEL: THE THIRD DIMENSION OF SCIENCE, pp. 369-401, S. de Chadarevian and N. Hopwood, eds., Standford University Press, 2004. Available at SSRN: http://ssrn.com/abstract=1434407

Contact Information

Mary S. Morgan (Contact Author)
London School of Economics ( email )
Houghton Street
London WC2A 2AE
United Kingdom
University of Amsterdam
Spui 21
Amsterdam, 1018 WB
Netherlands
Marcel J. Boumans
University of Amsterdam ( email )
Roetersstraat 11
Amsterdam, North Holland 1018 WB
Netherlands
+31 20 525 4197 (Phone)
+31 20 525 4254 (Fax)
HOME PAGE: http://www.fee.uva.nl/pp/mboumans/
Tinbergen Institute ( email )
Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands
Erasmus University Rotterdam (EUR) - Erasmus Institute for Philosophy and Economics (EIPE) ( email )
P.O. Box 1738
EIPE Office, Room H5-23
3000 Dr Rotterdam
Netherlands
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