We obtain analytical expressions for the torques and angular speed of an induction motor with a simple geometry, resembling the geometry of the first induction motor investigated by Arago in 1824. The rotor is a conducting disc rotating between the magnetic poles of two off-axis solenoids, displaced in space by 90 degrees from each other. We apply our results to discuss a theory for the ubiquitous electromechanical watt-hour meter. For comparison of the theoretical result for the angular speed with measurements, we propose a simple experiment in which an induction motor with an aluminum disc rotor is constructed.