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John Locke is widely considered to be one of the greatest English philosophers and a leading figure in the fields of epistemology, metaphysics, and political philosophy. He also made crucial contributions to education, theology, medicine, physics, economics, and politics.
John Locke: Money and Private Property. Smith explains the significance, for Locke, of the increased productivity caused by labor, and the relationship between money and property. In previous essays I discussed John Lockeâs claim that labor is the moral foundation of property rights. It must be understood that his labor theory of property differs from a labor theory of value in an economic sense.