IDEAS home Printed from https://ideas.repec.org/a/hop/hopeec/v44y2012i1p157-180.html
   My bibliography  Save this article

Lowndes and Locke on the Value of Money

Author

Listed:
  • Kepa Ormazabal

Abstract

The 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.

Suggested Citation

  • Kepa Ormazabal, 2012. "Lowndes and Locke on the Value of Money," History of Political Economy, Duke University Press, vol. 44(1), pages 157-180, Spring.
  • Handle: RePEc:hop:hopeec:v:44:y:2012:i:1:p:157-180
    as

    Download full text from publisher

    File URL: http://hope.dukejournals.org/content/44/1/157.full.pdf+html
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Richard A. Kleer, 2004. "“The ruine of their Diana”: Lowndes, Locke, and the Bankers," History of Political Economy, Duke University Press, vol. 36(3), pages 533-556, Fall.
    2. Sargent, Thomas J & Velde, Francois R, 1999. "The Big Problem of Small Change," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 137-161, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    John Locke; William Lowndes; James Steuart; Karl Marx; monetary theory; recoinage;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hop:hopeec:v:44:y:2012:i:1:p:157-180. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Center for the History of Political Economy Webmaster). General contact details of provider: http://www.dukeupress.edu/Catalog/ViewProduct.php?viewby=journal&productid=45614 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.