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e. John Law (pronounced [lɑs] in French in the traditional approximation of Laws, the colloquial Scottish form of the name; [1] [2] 21 April 1671 – 21 March 1729) was a Scottish-French [3] economist who distinguished money, a means of exchange, from national wealth dependent on trade. He served as Controller General of Finances under the ...
- Economist, banker, financier, author, controller-general of finances
Mar 20, 2024 · John Law (baptized April 21, 1671, Edinburgh, Scotland—died March 21, 1729, Venice, Italy) was a Scottish monetary reformer and originator of the “Mississippi scheme” for the development of French territories in America. Law studied mathematics, commerce, and political economy in London. After killing an adversary in a duel, he fled to ...
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Sep 5, 2020 · For example: John Law was a convicted murderer on the lam when he showed up in France in the early 1700s. In the space of just a few years, he created an entire modern economy — banks, paper ...
Aug 30, 2018 · In 1716, Law introduced the bank — the Banque Générale — and gave France its first experience with paper money. The following year, he established France’s first modern corporation — the ...
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 29, 2018 · In 1718 Law was in a position to lend the king of France enough to pay off the entire national debt. His Company of the Indies was, writes Buchan, the only joint-stock company anywhere “ever to be priced in the market at more than twice the annual product of France”. His rise and fall were both prodigious, and they make a great story.
May 23, 2018 · John Law of Lauriston (1671–1729), economist, banker, merchant, and statesman, founded the first Bank of France and is generally held responsible for the Mississippi Bubble. He was born in Edinburgh, the son of a prosperous goldsmith–banker, who died when Law was only 13. However, his mother, who was distantly related to the duke of Argyll ...
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