John Locke, Several Papers Relating to Money, Interest and Trade, &c. Writ upon several Occasions, and Published at different Times. [WITH]: A Review of the Universal Remedy for All Diseases Incident to Coin... In a Letter to Mr. Locke. 1st Collected Edition.

First Collected Edition of Locke’s most important economic papers. London: Printed for A. and J. Churchill, at the Black-Swan in Pater-Noster-Row, 1696. "Four parts in one volume. 8vo, 16.3 x 9.5 cm. [iv], 4, 192 (Some Considerations); 24 (Short Observations); [xvi], 111, [3] (Further Considerations); 61, [3] pp. (A Review), including final blank; with a general title-page (“Licensed, Novemb. 27. 1691. Ja. Fraser.” on verso), plus three separate title-pages, for Some Considerations, Further Considerations, and A Review, the first two with variant spelling of Churchill. Some Considerations, first published in 1692, was Locke’s rejoinder to the argument by Sir Josiah Child and others that the legal interest rate should be lowered to increase the value of money; Locke was firmly against the debasement of coins, which he maintained should be equal in value to their weight in gold (or silver), keeping with the commodity theory of value. From his philosophical perspective, interest was a price dependent on the laws of nature, therefore limitless. In 1695, he further rejected the proposal by Secretary of the Treasury William Lowndes to devalue coins, the topic of Locke’s Further Considerations, in which he made the case for recoining worn pieces to restore their value. This volume includes an added treatise in response to Locke’s Further Considerations by Richard Chiswell (1673-1751), an English merchant.

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Text block variously browned, edges of a few leaves chipped, some light to moderate foxing especially in final part which is also trimmed close without loss; title-page of Some Considerations and final leaf expertly repaired at outer margin. Rebound in period-style chocolate quarter calf over marbled boards, spine with gilt-ruled raised bands, gilt title to red morocco lettering piece, new endpapers. Ex libris Ch. Boechlin(?), his ink inscription to front fly-leaf dated 1847 in London; and “Furly” with a small calculation in early ink on main title-page.