Lowndes and Locke on the Value of Money
AbstractThe main goal of this article is to identify and critically examine the foundations of the monetary theories to which Lowndes and Locke appealed during their debate around the Great Recoinage of 1696. In the course of the investigation I came by the critical commentaries of Sir James Steuart and Karl Marx on the views of Locke and Lowndes on monetary theory. As these highly valuable commentaries are nearly absent from the standard literature, I present and critically assess them in this essay.
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Bibliographic InfoArticle provided by Duke University Press in its journal History of Political Economy.
Volume (Year): 44 (2012)
Issue (Month): 1 (Spring)
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John Locke; William Lowndes; James Steuart; Karl Marx; monetary theory; recoinage;
Other versions of this item:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
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- A. E. Fernández Jilberto, 1991. "Introduction," International Journal of Political Economy, M.E. Sharpe, Inc., vol. 21(1), pages 3-9, April.
- Thomas J. Sargent & Francois R. Velde, 1997.
"The big problem of small change,"
Working Paper Series, Macroeconomic Issues
WP-97-08, Federal Reserve Bank of Chicago.
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