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...

Developments internal to the study of history have played a significant if overlooked role in the changing status of history within political economy. This article illustrates that claim by way of a survey of the place of history in the writings of Adam Smith, Karl Marx, and Alfred Marshall. It...

A long-standing puzzle in the history of Marxian economic thought concerns Marx’s decision to omit the draft chapter titled “Results of the Immediate Process of Production” from the published version of volume 1 of Capital. A number of authors have explored this puzzle without...