Economics Dictionary of ArgumentsHome
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| Money: Money in economics is anything that is generally accepted as a medium of exchange. It is used to buy and sell goods and services, and to store value. See also Markets, Economy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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John Locke on Money - Dictionary of Arguments
Höffe I 245 Money/Locke/Höffe: While labour serves to meet actual needs, i.e. a traditional subsistence economy, a non-perishable medium of exchange, which everyone has agreed to, makes money possible, a far more productive economic system: trade enables an expansion of production and a far greater accumulation of property(1). >Labour/Locke, >Property/Locke. Locke does not close his eyes to the consequences worthy of criticism, the inequality of property and the emergence of wage labour. However, the advantage of a far more productive overall economy benefits everyone - not only the wealthy, but also the poor. Economy/Locke/Höffe: [Locke] shows himself to be a liberal economic theorist, oriented on the well-being of his country, a global trading power, and at the same time a precursor of Adam Smith: Through the free development of production and open world trade, a wealth is created that is beneficial to its own community and all its citizens. 1. J. Locke, Second treatise of Government,§§ 46ff_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Loc III J. Locke An Essay Concerning Human Understanding Höffe I Otfried Höffe Geschichte des politischen Denkens München 2016 |
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