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Irving Fisher And John Locke

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Economists ECO 252 Caroline Gibbs April 2, 2023 As the world continues to progress, there are certain people and roles that our found essential to allow society to advance as needed. Economists have been essential to this world for centuries and will progressively become more essential as time carries on. John Locke and Irving Fisher are two well-known economists that have provided support dealing with the economy during tough times. Thus, these two men played a big role in the development of the economy and what it has shaped into today. Irving Fisher was a well-known mathematician and economic writer, and with his writings he explained his thoughts and ideas clearly and intertwined mathematics into his principles and theories. …show more content…

Locke was a part of several significant moments, such as the European Enlightenment along with the Constitution of the United States. Thus, “his political thought was grounded in the notion of a social contract between citizens and in the importance of toleration, especially in matters of religion” (Rogers, 2023, para. 1). Locke’s principles were not always immediately accepted into society, as it took several years for these ideas to be accepted. Along with other principles and ideas that Locke had, “John Locke’s Second Treatise on Government, published in 1690, is the founding statement and justification of the right to private property, and to its secure protection by public law and force” (McMurtry, 1997, para. 5). This specific theory was widely well-known, as it was very broad. Locke advocated for private property, because he wanted to stress “labor as the foundation of private property because some form of labor is the basic method by which we sustain ourselves, even if that labor consists of nothing more than picking up acorns off the ground” (Smith, 2015, para. 12). As he fought for these principles, he tried to argue that the government should also advocate for the right of private property as well. Thus, his “theory of property has been the subject of sustained connection between two major perspectives: a socioeconomic perspective, which conceives Locke’s thought as an expression of the rising bourgeois sensibility and a defense of the nascent capitalist relations, and a theological perspective, which prioritizes his moral worldview grounded in the Christian natural law tradition” (Ince, 2011, para. 1). Furthermore, Locke consistently tried to better society, especially by fighting for the development of private

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