The article focuses on the justification provided by classical contract theory for the right of states to enact laws and the corresponding obligation of political allegiance. At first the distinction between political authority and parental authority developed by John Locke in his seminal work...

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...

Value theory is central to economics. Whenever new economic theories appear on stage, their theory of value is different. I classify value theories along Locke's lines of primary and secondary qualities. When value is thought to inhere in objects, value is a primary quality. The marginalists...

The Latin term Tabula Rasa equates to the English "blank slate" (which refers to writing on a slate sheet with chalk). Tabula rasa is the epistemological study that a human is born with no built-in mental content and that human knowledge comes from experience and perception. Generally exponents...

Far more than the problem of the quantity of money, false money was the central issue in monetary debates that occurred in Europe in the sixteenth and seventeenth centuries. It first referred to sovereignty, in a time of state-building, as well as to a serious economic problem. Beyond...