The focus of this paper is John Locke's theoretical defense of economic inequality. It is well known that Locke identified labor as the original and just foundation of property. Succinctly, Locke's was a labor theory of property. Now, while Locke saw private property as legitimate, he proposed...

This paper attempts to specify theoretically the origins of money. Rather than the exchange-based view of neoclassical economists where money is seen as a transaction cost-reducing instrument (and where exchange itself is asserted to be a universal phenomenon), we argue that money is a social...