1. Introduction -- 2. Economic ideas before Adam Smith -- 3. Adam Smith -- 4. Thomas Robert Malthus -- 5. David Ricardo -- 6. Rationalistic subjectivism : the economics of Bentham, Say, and Senior -- 7. Political economy of the poor : the ideas of William Thompson and Thomas Hodgskin -- 8. Pure...

<title>Abstract</title> Paul Krugman tells the story of the Capitol Hill baby-sitting co-op as a means of introducing readers to the economics of recessions. We take the story from where Krugman stops and develop it by presenting different aspects of a monetary economy with the help of a graphical analysis....

Paul Krugman tells the story of the Capitol Hill baby-sitting co-op as a means of introducing readers to the economics of recessions. This story, like many others in economics, is a wonderful teaching device in undergraduate courses. We take the story from where Krugman stops and develop it by...

In a recent paper in this Journal, Ed Nell presented a theory of circulation intended to unify 'the theories of money, production, and effective demand'. The current comment uses a very simple leakage and injection approach to arrive at some of Nell's results. In doing so, we are able to correct...