John Locke (economist)

John Locke was a 17th-century English philosopher whose ideas laid the groundwork for modern political theory, particularly regarding economics and property rights. He argued that individuals have the natural right to own property, believing that ownership stems from mixing one's labor with natural resources. Locke's thoughts on government emphasized that it should protect these rights. His work influenced the development of capitalism and the principles of individualism, asserting that economic freedom and private property are essential for human progress and societal well-being. Locke's theories remain relevant in discussions about economic systems and personal liberties today.