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John Law (baptized April 21, 1671 - March 21, 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. His popular fame rests on two remarkable enterprises he conducted in Paris: The Banque Générale and the Mississippi Scheme.
Aug 30, 2018 · Into this desperate situation stepped one of history’s most extraordinary, versatile and enigmatic characters: the subject of James Buchan’s masterly new biography — a little-known Scots gambler,...
John Law (1671 – 1729) was a noteworthy Scottish economist who significantly influenced the field of finance in the 18th century. Today, he is remembered primarily for the key role he played in establishing paper money as a means of economic exchange.
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