1. Economic Scientist, Economic and Social Reformer -- 2. Indifference Curves and a Hydraulic Model of General Equilibrium -- 3. Revitalizing the Quantity Theory of Money: From the Fisher Relation to the Fisher Equation -- 4. The Fisher Diagram and the Neoclassical Theory of Interest and Capital...

pt. 1. Pigou and Cambridge : contexts -- pt. 2. Classical utilitarianism and welfare : contexts -- pt. 3. General equilibrium : contexts -- pt. 4. Neglect : contexts -- pt. 5. Inter-generational economics : contexts.

This paper presents a model of global liquidity shortages. Liquid claims are enforceable promises that play a transaction role. Since developed economies have a comparative advantage in creating liquidity, they export liquid claims to emerging economies, resulting in a permanent current account...