John Locke Quotes
What anyone has he may value at what rate he will and transgresses not against justice if he sells it at any price provided he makes no distinction of buyers but parts with it as cheap to this as he would to any other buyer.
Lock’s view differs from modern American business ethics and law. He argues that regardless of circumstances a merchant may charge anything and that all consumers must be treated equally, which would eliminate preferred customers or even automobile sales practices where prices are negotiated for most vehicles. See {616334} to see how he deals with necessities of life: as issues of charity—not economics.
John Locke, 1632-1704, English Political Philosopher, Quoted in Richard A. Boyd, Whig History and Lockean Political Economy
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Brandeis was U. S. Supreme Court Justice Louis D. Brandeis, 1856-1941, who wrote that competition would control prices if only healthy competition could be maintained—the problem was resolved by both increasing competition and much more stringent regulation of corporations.
These appear to be the first economic regulations of New England. Note that although there was a Governor of the Colony, such economic issues were considered to be fundamentally religious in nature. Therefore Cotton—the leading cleric of the colony—was called upon to in effect legislate on the subject. Ironically, this is not terribly different from the theocracy in Iran or some other Muslim countries of today where like some of the early American Colonies, there was no separation of church and state.
The Black Plague, which raged in Europe from 1347 to 1349, had left relatively few able bodied people alive. Given this shortage of labor there was a rapid inflation, especially to the distress of the landed class who had to pay much more for their food. The king therefore established what amounted to price controls, wage controls and forces labor. See {611125} and {611126}
She was then the European Commissioner for Competition
She was then the European Commissioner for Competition.
- Born: August 29, 1632
- Died: October 28, 1704
- Nationality: English
- Profession: Philosopher
John Locke FRS was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers and commonly known as the "Father of Liberalism". Considered one of the first of the British empiricists, following the tradition of Sir Francis Bacon, Locke is equally important to social contract theory. His work greatly affected the development of epistemology and political philosophy. His writings influenced Voltaire and Jean-Jacques Rousseau, and many Scottish Enlightenment thinkers, as well as the American Revolutionaries. His contributions to classical republicanism and liberal theory are reflected in the United States Declaration of Independence.
