How did John Locke Influence Economics?

Discover the profound impact of John Locke's economic philosophy and his influence on the field of economics in this captivating video. Dive into Locke's revolutionary ideas on labor theory of value, property rights, and individual freedom, and explore how they shaped the thinking of economists like Adam Smith, David Ricardo, and John Stuart Mill. Uncover the classical and neoclassical schools of thought, and witness how Locke's principles continue to resonate in the Austrian School's theories. Delve into the connection between Locke and Marxism, as well as the role of government intervention in economic affairs. This engaging video provides a comprehensive exploration of Locke's economic ideas and their enduring relevance. #JohnLocke #EconomicPhilosophy #InfluenceOnEconomics"