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Locke on Money
by John Locke
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`excellent edition of Locke's contribution to monetary economics ... these volumes will provide the main source material for future scholarship' The Economic History Review
`Patrick Hyde Kelly's splendid edition of the economic writings, which includes a number of pieces not previously published, as well as his own long and brilliant introduction, puts us in a better position to evaluate Locke as economist ... All will owe thanks to Patrick Hyde Kelly for his scrupulous editing of the text, his rich annotations and his exemplary introduction.' William Letwin, Times Literary Supplement
`Dr Kelly's edition makes the student's task infinitely lighter than ever before ... the most elaborate edition of any seventeenth-century economic texts since Hull's Petty. Indeed the present volumes more than equal the Glasgow edition of Adam Smith in editorial completeness.' Political Studies
`The introduction contains a great deal of specialist information on the political and economic context of Locke's interest, and the editing is meticulously done.' Irish Economic and Social History
'Kelly's scholarly edition brings together Locke's early writings on interest' Sylvana Tomaselli, formerly of Newnham College, Cambridge
`excellent edition of Locke's contributions to monetary economics ... these volumes will provide the main source material for future scholarship' The Economic History Review
Locke on Money presents for the first time the entire body of the philosopher's writings on this important subject (other than Two Treatises of Government). Accurate texts, together with an apparatus listing variant readings and significant manuscript changes, record the evolution of Locke's ideas from the original 1668-74 paper on interest to the three pamphlets on interest and coinage published in the 1690s. The introduction by Patrick Hyde Kelly establishes the wider context of Locke's writings in terms of contemporary debates on these subjects, the economic conditions of the time, and the circumstances of writing and publication. It shows, notably, that Locke's supposed responsibility for the 1696 recoinage is a myth. The account of what Locke derived from Mercantilist writings and of how he reformulated these in accordance with his philosophy illuminates his contribution to the evolution of economics, and will aid reappraisal of Two Treatises. The picture that emerges confirms Locke's status as major economic thinker, contrary to the prevalent view of recent decades. There are two volumes in the present edition. The first contains the introductory matter, and the texts of the Early Writings on Interest, 1688-74, and Some Considerations. The second comprises Short Observations, Further Considerations, and the Appendices, Bibliography, and Index.
About the Author
Patrick Hyde Kelly is Senior Lecturer in Modern History and Dean of the Faculty of Arts, Trinity College, Dublin.
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