hydraulic Keynesianism in English

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{
  "etymology_text": "Coined by Alan Coddington in 1976. In reference to Alban William Phillips' hydraulic MONIAC computer, which he used for modelling the economy.",
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  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
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      "glosses": [
        "A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation."
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      "id": "en-hydraulic_Keynesianism-en-noun-XaPqf06x",
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      "raw_glosses": [
        "(economics, derogatory) A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation."
      ],
      "tags": [
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      "topics": [
        "economics",
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      "wikipedia": [
        "Alban William Phillips",
        "MONIAC"
      ]
    }
  ],
  "word": "hydraulic Keynesianism"
}

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{
  "etymology_text": "Coined by Alan Coddington in 1976. In reference to Alban William Phillips' hydraulic MONIAC computer, which he used for modelling the economy.",
  "head_templates": [
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  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
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      ],
      "glosses": [
        "A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation."
      ],
      "links": [
        [
          "economics",
          "economics"
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          "inflation",
          "inflation"
        ],
        [
          "unemployment",
          "unemployment"
        ]
      ],
      "raw_glosses": [
        "(economics, derogatory) A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation."
      ],
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        "derogatory",
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        "economics",
        "sciences"
      ],
      "wikipedia": [
        "Alban William Phillips",
        "MONIAC"
      ]
    }
  ],
  "word": "hydraulic Keynesianism"
}

This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-11-01 from the enwiktionary dump dated 2024-10-02 using wiktextract (d49d402 and a5af179). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

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"hydraulic Keynesianism" meaning in English

Noun