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NPR (Alex Mayyasi) - How Bill Phillips used flowing water to model the economy

Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy.

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Keywordsbill-phillipseconomicscapitalismnprplanet-moneymathematical-modelingeconomic-theorygovernment-rolehistorysciencemachinechartssocial-sciencesacademictheoretical-economicsus-economywealth-distributionresource-allocationsystemic-modeling