John Law

John Law
aliases
Law of Laurieston, Giovanni Lau
John Law (1671 – 1729) was a Scottish economist who believed that money was only a means of exchange that did not constitute wealth in itself and that national wealth depended on trade. He was appointed Controller General of Finances of France under the Duke of Orleans, Regent for the youthful King Louis XV.

In 1716 Law established the Banque Générale in France, a private bank, but three-quarters of the capital consisted of government bills and government-accepted notes, effectively making it the first central bank of the nation. He was responsible for the Mississippi Company bubble and a chaotic economic collapse in France, which has been compared to the early-17th century tulip mania in Holland.

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Books with John Law

Millionaire: The Philandere...

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3.80 avg rating — 466 ratings — published 1999
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Extraordinary Popular Delus...

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3.66 avg rating — 154 ratings — published 1841
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The Great Nation: France fr...

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3.76 avg rating — 140 ratings — published 2002
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Scotland: The Global Histor...

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3.79 avg rating — 56 ratings — published 2022
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The Price of Scotland: Dari...

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4.12 avg rating — 41 ratings — published 2007
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John Law: A Scottish Advent...

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3.62 avg rating — 34 ratings — published 2018
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A Street Shaken by Light

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3.11 avg rating — 35 ratings — published 2022
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The First Crash: Lessons fr...

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3.66 avg rating — 29 ratings — published 2004
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The Speculator & The Meeting

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liked it 3.00 avg rating — 8 ratings — published 1999
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John Law: Economic Theorist...

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4.20 avg rating — 5 ratings — published 1997
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