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The Later Mercantilists: Josiah Child (1603–1699) and John Locke (1632–1704)
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.
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Contributors
Contents
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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.
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.
Contributors
20 articles, dating from 1906 to 1980
Contributors include: W.R. Allen, A.W. Coats, D.C. Coleman, R. Davis, F.W. Fetter, W.D. Grampp, E.F. Hecksher, A.V. Judges, H.F. Kearney, A.H. Leigh, J.M. Low, W.H. Price, S. Rashid, J. Sperling, C.G. Uhr, J. Viner, C. Wilson
Contributors include: W.R. Allen, A.W. Coats, D.C. Coleman, R. Davis, F.W. Fetter, W.D. Grampp, E.F. Hecksher, A.V. Judges, H.F. Kearney, A.H. Leigh, J.M. Low, W.H. Price, S. Rashid, J. Sperling, C.G. Uhr, J. Viner, C. Wilson
Contents
Contents:
1. W.H. Price (1906), ''The Origin of the Phrase “Balance of Trade''"
2. F.W. Fetter (1935), ''The Term “Favorable Balance of Trade''"
3. E.F. Hecksher (1936), ''Revisions in Economic History: Merchantilism''
4. A.V. Judges (1939), ''The Idea of a Mechantile State''
5. J. Viner (1948), ''Power Versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries''
6. C. Wilson (1949), ''Treasure and Trade Balances: The Mercantilist Problem''
7. W.D. Grampp, ''The Liberal Elements in English Mercantilism''
8. J.M. Low (1953), ''A Regional Example of the Mercantilist Theory of Economic Policy''
9. D.C. Coleman (1956), ''Labour in the English Economy of The Seventeenth Century''
10. C. Wilson (1957), ''Mercantilism: Some Vicissitudes of an Idea''
11. D.C. Coleman (1957), ''Eli Heckscher and the Idea of Mercantilism''
12. C.H. Wilson (1959), ''The Other Face of Mercantilism''
13. H.F. Kearney (1959), ''The Political Background to English Mercantilism''
14. J. Sperling (1962), ''The International Payments Mechanism in the Seventeen and Eighteenth Centuries''
15. R. Davis (1966), ''The Rise of Protection in England''
16. W.R. Allen (1970), ''Modern Defenders of Mercantilis Theory''
17. A.W. Coats (1973), ''The Interpretation of Mercantilist Economics: Some Historiagraphical Problems''; W.R. Allen, ''Rearguard Response''
18. A.H. Leigh (1974), ''John Locke and the Quantity Theory of Money''
19. S. Rashid (1980), ''Economists, Economic Historians and Mercantilism''
20. C.G. Uhr (1980), ''Eli F. Hecksher, 1879-1952, and his Treatise on Mercantilism Revisited''
Name Index
1. W.H. Price (1906), ''The Origin of the Phrase “Balance of Trade''"
2. F.W. Fetter (1935), ''The Term “Favorable Balance of Trade''"
3. E.F. Hecksher (1936), ''Revisions in Economic History: Merchantilism''
4. A.V. Judges (1939), ''The Idea of a Mechantile State''
5. J. Viner (1948), ''Power Versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries''
6. C. Wilson (1949), ''Treasure and Trade Balances: The Mercantilist Problem''
7. W.D. Grampp, ''The Liberal Elements in English Mercantilism''
8. J.M. Low (1953), ''A Regional Example of the Mercantilist Theory of Economic Policy''
9. D.C. Coleman (1956), ''Labour in the English Economy of The Seventeenth Century''
10. C. Wilson (1957), ''Mercantilism: Some Vicissitudes of an Idea''
11. D.C. Coleman (1957), ''Eli Heckscher and the Idea of Mercantilism''
12. C.H. Wilson (1959), ''The Other Face of Mercantilism''
13. H.F. Kearney (1959), ''The Political Background to English Mercantilism''
14. J. Sperling (1962), ''The International Payments Mechanism in the Seventeen and Eighteenth Centuries''
15. R. Davis (1966), ''The Rise of Protection in England''
16. W.R. Allen (1970), ''Modern Defenders of Mercantilis Theory''
17. A.W. Coats (1973), ''The Interpretation of Mercantilist Economics: Some Historiagraphical Problems''; W.R. Allen, ''Rearguard Response''
18. A.H. Leigh (1974), ''John Locke and the Quantity Theory of Money''
19. S. Rashid (1980), ''Economists, Economic Historians and Mercantilism''
20. C.G. Uhr (1980), ''Eli F. Hecksher, 1879-1952, and his Treatise on Mercantilism Revisited''
Name Index
