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Locke, Berkeley and Hume as Philosophers of Money

An Apology and Synopsis

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George Berkeley: Religion and Science in the Age of Enlightenment

Abstract

For the last 30 years I have been writing a trilogy on Locke’s, Berkeley’s, and Hume’s philosophies of money. With the publication of Clipped Coins. Abused Words and Civil Government; John Locke’s Philosophy of Money and Exciting the Industry of Mankind; George Berkeley’s Philosophy of Money and with the last volume on Hume in preparation, the trilogy is now almost completed.

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Notes

  1. 1.

    See Caffentzis (1989); Caffentzis (2000); Caffentzis (2001); Caffentzis (2005); Caffentzis (2008).

  2. 2.

    Quoted in Shell (1982), 139.

  3. 3.

    See Derrida (1992) and Blaug et al. (1995). Though there is ample recognition of the achievements of Locke, Berkeley and Hume in the realm of monetary theory and policy, it is by no means equally spread. The differential attention paid to Locke, Berkeley, and Hume in the history of economics literature can easily be judged by looking at some standard textbooks in the field. Consider Blaug’s (1968). It has 21 index [page] references for Hume, 13 for Locke, and 3 for Berkeley. Spiegel’s textbook (Spiegel 1983), which is more oriented to the humanities, shows a similar differential: 48 index references to Locke, 32 for Hume, and none for Berkeley. I discuss this differential in Caffentzis (2000), 419n.

  4. 4.

    Marx (1970), 78.

  5. 5.

    Johnston (1970), 84.

  6. 6.

    Shell (1982), 4.

  7. 7.

    Shell (1982), 180.

  8. 8.

    Simmel (2000). 53.

  9. 9.

    Simmel (2000), 54.

  10. 10.

    Simmel (2000), 54.

  11. 11.

    Simmel (2000), 54.

  12. 12.

    Simmel (2000), 54.

  13. 13.

    Simmel (2000), 55.

  14. 14.

    For a thorough account of the historical setting of the recoinage crisis see Kelly (1991).

  15. 15.

    Kelly (1991), 412.

  16. 16.

    Kelly (1991), 412.

  17. 17.

    Patrick Hyde Kelly and I in separate works – Locke on Money and Clipped Coins, Abused Words and Civil Government: John Locke’s Philosophy of Money respectively – offered different ­versions of this two-fold analysis of Locke’s conception of money.

  18. 18.

    Locke (1979), III, v, 8.

  19. 19.

    Kelly (1991), 417, 417, 417, 415, respectively.

  20. 20.

    Locke (1979), IV, iii, 18.

  21. 21.

    Quoted in Kelly (1991), 417.

  22. 22.

    Caffentzis (1989), 70.

  23. 23.

    Marx (1970), 77.

  24. 24.

    My account here is based on Caffentzis (2000).

  25. 25.

    Caffentzis (2000), 274.

  26. 26.

    Caffentzis (2000), 80–100.

  27. 27.

    Caffentzis (2000), 82.

  28. 28.

    Caffentzis (2000), 418.

  29. 29.

    Hont (2008), 243–327.

  30. 30.

    My discussion of Hume’s support of metallic money and his critique of paper-credit, as he called it, can be found in Caffentzis (2008), 146–167.

  31. 31.

    Baier (1991), 103.

  32. 32.

    Hume (1957), 123.

  33. 33.

    Hume (1957), 123.

  34. 34.

    Caffentzis (2008), 164.

  35. 35.

    Wennerlind (2008), 124.

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Caffentzis, G.C. (2010). Locke, Berkeley and Hume as Philosophers of Money. In: Parigi, S. (eds) George Berkeley: Religion and Science in the Age of Enlightenment. International Archives of the History of Ideas / Archives internationales d'histoire des idées, vol 201. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-9243-4_5

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