“The separate excitation of the dynamo corresponds with the independently determined investment in the economic model, and the total excitation with income. Perhaps in this electrical age, the conventional metaphor of ‘priming the pump’ might be dropped in favour of ‘exciting the dynamo’.”

— Arnold Tustin

Source: The Mechanism of Economic Systems (1953), p. 8

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Arnold Tustin 18

British engineer 1899–1994

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