Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Celebrating a unique Kiwi inventor

The following press release was issued on behalf of the 2008 Phillips Symposium Committee a short time ago:

2008 Phillips Symposium Committee

Date 11 October 2006, 9.30am


Celebrating a unique Kiwi inventor

Tonight Dr Alan Bollard will give a presentation on the remarkable Kiwi economist, AWH (Bill) Phillips. The presentation previews the Symposium "Markets and Models: Policy Frontiers in the AWH Phillips Tradition" that will be held in Wellington, New Zealand, 9-11 July 2008. The year 2008 marks the 50th anniversary of Bill Phillips' most famous work, the Phillips Curve.

Dr Bill Phillips became well-known as an economist in 1958, when he published his influential work, on the relationship between inflation and unemployment, illustrated by the Phillips Curve. He regarded his 1958 article (a "wet weekend's bit of work") as of only passing interest. Nevertheless, the 1958 article led to a re-shaping of macroeconomic policy for decades.

Bill Phillips' career embraced more than just the curve that carried his name. His work also embraced economic modelling including the famous MONIAC machine (dynamic model of a working economy), stabilisation policy, econometrics, economic dynamics and economic development.
The 2008 Symposium is a collaboration between the annual New Zealand Association of Economists (NZAE) conference and the Econometric Society Australasian Meeting (ESAM). Attracting the world's top economists, the symposium will place Phillips' work in the context of the history of economic thought, and will present the latest frontier work on economic theory, modelling and analysis.

For more information about the Symposium please visit the Symposium's website www.phillips08.org.nz

The Life of Bill Phillips

Phillips' was born in 1914 on a farm in New Zealand, 200 kilometres from Wellington. Phillips had an adventurous youth, travelling through Australia (where he ran an outback movie theatre).

He trained as an electrician. However, his civilian life was interrupted by the Second World War, and he was captured and held as a Japanese prisoner of war. Unlike many of his cohorts, he survived; he features in the book Night of the New Moon (on which the film Merry Christmas Mr Lawrence, starring David Bowie, was based).

Arriving in London after the war, Phillips wanted to understand more about the world. He decided to study economics, and attended classes at the London School of Economics (LSE). Despite a rather undistinguished under-graduate career, he was invited to study for a post-graduate degree. Phillips was fascinated with the interactions of sectors across the economy.

Using his engineering knowledge, he built a hydraulic model of the economy called the MONIAC. Today, only a few of the hydraulic models he built survive.
Phillips left London after the 1968 student riots and returned to Australasia, holding posts first at Australian National University and then at University of Auckland. Phillips' died in 1975, aged just 61. However his legacy in many fields lives on.

There are several exciting sponsorship opportunities available in conjunction with the Symposium. Please contact John Stephenson (NZIER), (john.stephenson[at]nzier.org.nz) for a sponsorship prospectus.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news