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John Law (pronounced in French in the traditional approximation of Laws, the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish-French economist who distinguished money, a means of exchange, from national wealth dependent on trade.
Mar 21, 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.
- The Editors of Encyclopaedia Britannica
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Sep 5, 2020 · In the space of just a few years, he created an entire modern economy — banks, paper money, a stock boom. (Also, he became one of the richest people in the world.) The story of John Law tells...
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 · John Law, the gambler who revolutionised French finance. The story of one of history’s great economic alchemists holds many lessons for us today. Banknote issued by the Banque Royale © Alamy....
The First Paper Money Banker and an Architect of Modern Economics. 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.
