This volume presents critical writings on the work of the later mercantilists. Sir Josiah Child was elected a governor of the East India Company in 1681. His reputation as an economist rests on his book 'A New Discourse of Trade' published in 1693. His work stimulated a wide range of discussion of such topics as interest rates, population, wage policy, poor relief and colonization. Despite many liberal elements in his thinking, he was a typical Mercantilist in his preference for administrative solutions to economic problems.
John Locke, best known for his work on political philosophy, made a major contribution to the debate on the rate of interest in his essay 'Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money' (1692). The central theme of that pamphlet was that the rate of interest, being the price for the hire of money, is determined by the demand for and supply of money, which Parliament is powerless to affect. Locke's other major contribution to economic thought was the so called labour theory of private property contained in the 'Two Treaties on Government' (1690), a classic in the history of political philosophy.
| ISBN: | 9781852784676 |
| Publication date: | 1st January 1991 |
| Author: | Mark Blaug |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 416 pages |
| Series: | Pioneers in Economics |
| Genres: |
Economic theory and philosophy History of ideas |
This volume presents critical writings on the work of the later mercantilists. Sir Josiah Child was elected a governor of the East India Company in 1681. His reputation as an economist rests on his book 'A New Discourse of Trade' published in 1693. His work stimulated a wide range of discussion of such topics as interest rates, population, wage policy, poor relief and colonization. Despite many liberal elements in his thinking, he was a typical Mercantilist in his preference for administrative solutions to economic problems.
John Locke, best known for his work on political philosophy, made a major contribution to the debate on the rate of interest in his essay 'Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money' (1692). The central theme of that pamphlet was that the rate of interest, being the price for the hire of money, is determined by the demand for and supply of money, which Parliament is powerless to affect. Locke's other major contribution to economic thought was the so called labour theory of private property contained in the 'Two Treaties on Government' (1690), a classic in the history of political philosophy.
The Later Mercantilists: Josiah Child (1603–1699) and John Locke (1632–1704) features in the following genres: Economic theory and philosophy, History of ideas
The Later Mercantilists: Josiah Child (1603–1699) and John Locke (1632–1704) is available in Hardback
The Later Mercantilists: Josiah Child (1603–1699) and John Locke (1632–1704) was written by Mark Blaug and published by Edward Elgar Publishing
The Later Mercantilists: Josiah Child (1603–1699) and John Locke (1632–1704) has 416 pages
Yes it is part of Pioneers in Economics series