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Secrets hidden by two-dimensionality: The economy as a hydraulic machine
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.Author Profiles
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Citations of this work
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The turn of the valve: representing with material models.Roman Frigg & James Nguyen - 2018 - European Journal for Philosophy of Science 8 (2):205-224.
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