Locke, John (1632-1704) Further Considerations Concerning Raising the Value of Money.
Locke, John (1632-1704) Further Considerations Concerning Raising the Value of Money. London: Printed for A. and J. Churchil at the Black Swan in Pater-Noster-Row, 1695. Second edition, octavo, untrimmed and bound in limp paper wrappers, with errata leaf bound at the end, some internal foxing, 7 x 4 1/2 in.
This work is a reply to William Lowndes's A report Containing an Essay for the Amendment of the Silver Coins, in which Locke opposes Lowndes's plan as Secretary of the Treasury to raise the nominal value of silver coinage as opposed to determining value by weight alone. Locke felt strongly that the amount of precious metal in a coin should be directly related to its value, taking into account the overall quantity of coin in circulation. Influx of foreign silver into Great Britain made Lowndes feel that a central bank should set the value of currency.
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