The MONIAC (Monetary National Income Analogue Computer) also known as the Phillips Hyraulic Computer and the Financephalograph, was created in 1949 by the New Zealand economist Bill Phillips to model 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 hydraulics 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.