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In Essai, Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money. [56] Cantillon suggested that inflation occurs gradually and that the new supply of money has a localised effect on inflation, effectively originating the concept of non-neutral money . [ 57 ]
Two Tracts on Government is a work of political philosophy written from 1660 to 1662 by John Locke but remained unpublished until 1967. It bears a similar name to a later, more famous, political philosophy work by Locke, namely Two Treatises of Government. The two works, however, have very different positions. [clarification needed]
Essay on the Nature of Trade in General (French: Essai sur la Nature du Commerce en Général) is a book about economics by Richard Cantillon written around 1730, and published in French in 1755. This book was considered by William Stanley Jevons to be the "cradle of political economy ".
The Latter Is an Essay Concerning The True Original, Extent, and End of Civil Government) is a work of political philosophy published anonymously in 1689 by John Locke. The First Treatise attacks patriarchalism in the form of sentence-by-sentence refutation of Robert Filmer 's Patriarcha , while the Second Treatise outlines Locke's ideas for a ...
John Locke's portrait by Godfrey Kneller, National Portrait Gallery, London. John Locke (/ l ɒ k /; 29 August 1632 – 28 October 1704 ()) [13] was an English philosopher and physician, widely regarded as one of the most influential of the Enlightenment thinkers and commonly known as the "father of liberalism".
John Locke. John Locke's (England, 1632–1704) notion that a "government with the consent of the governed" and man's natural rights—life, liberty, and estate as well on tolerance, as laid down in A letter concerning toleration and Two treatises of government—had an enormous influence on the development of liberalism. Locke developed a ...
Discourses Concerning Government is a political work published in 1698, and based on a manuscript written in the early 1680s by the English Whig activist Algernon Sidney who was executed on a treason charge in 1683.
According to Locke, the authority of government was limited and required the consent of the governed. Locke, one of the most influential Enlightenment thinkers, [ 58 ] based his governance philosophy in social contract theory, a subject that permeated Enlightenment political thought.