Engineer Explains The Economy?

Today’s post is from a new book I’m reading… It’s so valuable, I’m keeping the title secret for my most trusted clients – to make sure they stay ahead of their competitors… But there was something in it I wanted to share with you since we’ve been focusing on engineers this year, making sure they develop their business skills and aptitudes to succeed in their businesses and/or careers. It’s about an engineer, Bill Phillips who came up with the MONIAC (Monetary National Income Analogue Computer) also known as the Phillips Hydraulic Computer and the Financephalograph, in 1949.

It models the national economic processes of the United Kingdom, while Phillips was a student at the London School of Economics (LSE), The MONIAC was an analogue computer which used fluidic logic to model the workings of an economy. The MONIAC name may have been suggested by an association of money and ENIAC, an early electronic digital computer.

The reason I’m posting this is to show you that as a professional engineer, you need to get access to stuff like this to realise that your talents, skills, abilities and aptitudes have their use in a wide variety of situations. As The Exponential Growth Strategist, that’s what I do for my clients – I teach them to THINK DIFFERENTLY. I’ve designed special courses just for engineers to make sure they learn how to leverage their superior analytical skills to their advantage in their business, projects and/or careers.

Here is the first video that introduces the Moniac.

This second video explains it in more detail…

This blog is all about introducing you to the Exponential Mindset Thinking™ that I call Antimimeticisomorphism, which is all about having fun, doing out-of-the-ordinary things that create extra-ordinary results with the least amount of effort and lowest cost. As an engineer, dentist or other professional the dilemma you’re faced with is what’s called the Curse Of Knowledge, a concept that is easy to understand, but quite difficult to overcome in real life. That is why we have on-going business coaching, advisory and mentoring services available for professionals, entrepreneurs and business executives. There is no quick fix, but there is a way to resolve “The Professional’s Dilemma”.

2 Responses to “Engineer Explains The Economy?”

  • Hi Marc,

    very interesting. It makes you wonder if the GFC could have been averted if more of these machines had been available.

    The problem of software modelling is that you can’t always see the model and its flaws. This way you can see real relationships using the laws of physics.

    The ‘Curse of Knowledge’ is quite real in my experience. As an Engineer, I have seen sales made based on what I saw as dubious claims yet in the end we delivered the project. Just because I don’t have all the information now doesn’t mean I can;t make a reasonable risk assessment.

    Still, I will always lean toward that pursuit of clarity, even if I have learnt to not require it all the time.

    Ray Keefe
    Successful Endeavours Pty Ltd
    Award Winning Electronics Design and Embedded Software Development

  • What a compelling and visual way of explaining something that is hard to present in words. Things I have been mulling over in my head for months were just cleared up in second of a youtube video. It is a scary reality- this current economy, but understanding how it got there is the first step to recovery, and I can’t see how this could not help us get there. I love this NEW and DIFFERENT way to displaying this.

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