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Full Description
This volume contains thirty-seven contributions from the most significant early developers of monetary economics. Starting with Aristotle, the collection tracks the development of the modern theory of money through the ages by thinkers like Thomas Aquinas, Martin de Azpilcueta, John Locke, Richard Cantillon, David Hume, and A.R.J Turgot. Also included are the first translations of Jean Buridan's writings on money and of Albert the Great's writings on money from Latin. A Source Book on Early Monetary Theory will be of interest to bankers, historians, and macroeconomists and can be used as a supplementary text on courses in macroeconomics, money and banking, and the history of economic thought.
Contents
Contents:
Foreword by Jesús Huerta de Soto vii
Foreword by Joseph T. Salerno viii
1 Introduction: The Aristotelian Monetary Tradition 1
Edward W. Fuller
2 Aristotle: Nicomachean Ethics (c. 350 BC) 8
3 Aristotle: Politics (c. 350 BC) 11
4 Albert the Great: Commentary on Aristotle's Nicomachean Ethics (c. 1262) 14
5 Albert the Great: Commentary on Aristotle's Politics (c. 1263) 21
6 Thomas Aquinas: Commentary on Aristotle's Nicomachean Ethics (c. 1271) 29
7 Thomas Aquinas: Commentary on Aristotle's Politics (c. 1272) 34
8 Peter John Olivi: A Treatise on Contracts (c. 1295) 41
9 Jean Buridan: Commentary on Aristotle's Nicomachean Ethics (c. 1336) 47
10 Jean Buridan: Commentary on Aristotle's Politics (c. 1349) 54
11 Nicholas Oresme: Treatise on Money (1358) 70
12 Gabriel Biel: On the Power and Utility of Moneys (1495) 89
13 Copernicus: Essay on the Coinage of Money (1526) 96
14 Luís Saravia de la Calle: Instructions for Merchants (1544) 103
15 Martín de Azpilcueta: On Exchange (1556) 105
16 Tomás de Mercado: Manual of Deals and Contracts (1569) 113
17 Sir Thomas Smith: A Discourse of the Commonweal of this Realm of
England (1581) 114
18 Francisco García: A Very General and Useful Treatise on Contracts (1583) 120
19 Bernardo Davanzati: A Discourse upon Coins (1588) 123
20 Luís de Molina: A Treatise on Money (1597) 132
21 Leonard Lessius: On Buying and Selling (1605) 134
22 Juan de Mariana: A Treatise on the Alteration of Money (1609) 137
23 Hugo Grotius: The Rights of War and Peace (1625) 168
24 Samuel Pufendorf: The Elements of Universal Jurisprudence (1660) 171
25 Samuel Pufendorf: The Whole Duty of Man (1673) 174
26 John Locke: Some Considerations of the Consequences of the Lowering
of Interest, and Raising the Value of Money (1691) 177
27 Dudley North: Discourses upon Trade (1691) 194
28 Isaac Gervaise: The System or Theory of the Trade of the World (1720) 206
29 Richard Cantillon: An Essay on Economic Theory (1730) 217
30 Jacob Vanderlint: Money Answers All Things (1734) 244
31 Francis Hutcheson: Philosophiae Moralis Institutio Compendiaria (1747) 246
32 Ferdinando Galiani: On Money (1751) 248
33 David Hume: Of Money (1752) 260
34 David Hume: Of Interest (1752) 267
35 David Hume: Of the Balance of Trade (1752) 274
36 Joseph Harris: An Essay upon Money and Coins (1757-58) 283
37 A.R.J. Turgot: Reflections on the Formation and Distribution of Wealth (1766) 289
38 Étienne Bonnot de Condillac: Commerce and Government Considered
in Their Mutual Relationship (1776) 296
Index 310
