Carolina Journal Radio

Locke’s ideas make him strong candidate for first ‘modern’ economist

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From Carolina Journal Radio Program No. 756: The 17th-century English philosopher John Locke is known for his influence on the American Founders’ political principles. Duke University professor Michael Munger says Locke also could be dubbed the first “modern” economist. Munger points to a little-known 1695 Locke essay, Venditio, that points to some of the same economic concepts that Adam Smith popularized nearly 100 years later. Munger explains how Locke’s ideas help make sense of the problems associated today with laws targeting “price gouging.”