"hydraulic Keynesianism" meaning in English

See hydraulic Keynesianism in All languages combined, or Wiktionary

Noun

Etymology: Coined by Alan Coddington in 1976. In reference to Alban William Phillips' hydraulic MONIAC computer, which he used for modelling the economy. Head templates: {{en-noun|-}} hydraulic Keynesianism (uncountable)
  1. (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. Wikipedia link: Alban William Phillips, MONIAC Tags: derogatory, uncountable Categories (topical): Economics
    Sense id: en-hydraulic_Keynesianism-en-noun-XaPqf06x Categories (other): English entries with incorrect language header Topics: economics, science, sciences

Download JSONL data for hydraulic Keynesianism meaning in English (1.7kB)

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        "(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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  "word": "hydraulic Keynesianism"
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This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-06-27 from the enwiktionary dump dated 2024-06-20 using wiktextract (0f7b3ac and b863ecc). 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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