DAVANZATI, Bernardo.

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Scisma d'Inghilterra con altre Operette. First edition of this collection of seven works, including the first publication of the author's only economic tracts. Schumpeter judged Davanzati to be the "all-time high" of the metallist school (p. 292). In 1582, the Florentine merchant Bernardo Davanzati (1529-1606) wrote, but apparently did not publish, his Notizia de Cambi (News on Exchanges), a classic depiction of the international exchange mechanism. The economic historian Raymond de Roover thought the work so instructive that, had it been more widely studied, "fewer blunders in the history of banking" would have been made (quoted in Palgrave). In 1588, Davanzati delivered the Lezione della Moneta (Lecture on Currency) to the Florentine Academy, providing "the 'all time high,' also as regards literary elegance, of the metallist theory of the origin and the nature of money" (Schumpeter, p. 292). Here, Davanzati is often seen as anticipating both the subjective theory of value and the quantity theory of money.Davanzati's work was later studied by Galiani and Locke. An English translation was published in 1696 at the height of the great recoinage, and Locke added extensive annotations to his copy. Locke's Further Considerations concerning Raising the Value of Money (1695) has been described as sounding "almost like an extended paraphrase of Davanzati's definition of money, and the same is true of many more key passages" (Adamo, p. 69).The other works in the collection reflect Dav

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