tag:blogger.com,1999:blog-7670543499274741427.post1410884186781121332..comments2024-03-26T17:54:54.592+01:00Comments on Speculiction...: Review of Making Money by Terry PratchettUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7670543499274741427.post-15783441357314154852022-12-03T03:16:59.058+01:002022-12-03T03:16:59.058+01:00For his 1891 PhD thesis at Yale University, Irving...For his 1891 PhD thesis at Yale University, Irving Fisher designed a hydraulic apparatus to represent flows in the economy. It consisted of interlinked levers and floating cisterns of water to show how the prices of goods depend on the amount of each good supplied, the incomes of consumers, and how much they value each good. The whole apparatus stops moving when the water levels in the cisterns are the same as the level in the surrounding tank. When it comes to rest, the position of a partition in each cistern corresponds to the price of each good. For the next 25 years he would use the contraption to teach students how markets work.spamtraphttps://www.blogger.com/profile/04932402727296762589noreply@blogger.comtag:blogger.com,1999:blog-7670543499274741427.post-61037742482915889622018-04-25T08:54:30.636+02:002018-04-25T08:54:30.636+02:00Wow, I never knew. But it makes sense. Several w...Wow, I never knew. But it makes sense. Several words associated with business and economy have liminological implications. Liquidate, cash flow, resources, cash pool, erosion, etc.Jessehttps://www.blogger.com/profile/07796098208589965362noreply@blogger.comtag:blogger.com,1999:blog-7670543499274741427.post-57257301166235336052018-04-24T12:45:09.813+02:002018-04-24T12:45:09.813+02:00The Glooper was a real thing. A lecturer and a gro...The Glooper was a real thing. A lecturer and a group of students at the London School of Economics decided to try building a hydraulic computer to literally model cash flow. It sort of worked, too, as long as you don't try to prod the analogy too far.Anonymousnoreply@blogger.com