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11 - The Scientification of Money

Published online by Cambridge University Press:  16 February 2023

Mónica García-Salmones Rovira
Affiliation:
University of Helsinki
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Summary

Earlier and contemporary authors had observed the systematic aspects involved in the use of money for the nation’s trade. Locke’s novelty lies in the fact that he observed those systemic connections solely from the perspective of economic phenomena; and ‘necessities’ and the necessity of money constituted the main tool through which he described the phenomena associated with the emerging monetary economy. Instead of making the classic theological reference to usury, Locke built the theoretical foundation and normativity of money on the system of trade and its necessities, and hence on the survival of the nation. In this way he was able to gloss over the earlier theological discourse.

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The Necessity of Nature
God, Science and Money in 17th Century English Law of Nature
, pp. 357 - 389
Publisher: Cambridge University Press
Print publication year: 2023

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