Law, John, 1671-1729

Money and trade considered - 1 online resource : multiple file formats

Wikipedia page about this book: https://en.wikipedia.org/wiki/Money_and_Trade_Considered Release date is 2023-05-17

Emmanuel Ackerman, Evander Cobban and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive) Emmanuel Ackerman, Evander Cobban and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)

"Money and Trade Considered: With a Proposal for Supplying the Nation with Money" by John Law of Lauriston is an economics text published in 1705. Law proposes replacing Scotland's silver currency with paper money backed by land values, arguing that metal currency has become unstable due to New World silver flooding Europe. The work introduces groundbreaking economic concepts that would later influence Adam Smith and John Maynard Keynes. Though Scotland rejected his proposal, Law implemented his ideas in France, creating a spectacular financial bubble that ultimately collapsed. (This is an automatically generated summary.)



Currency question -- Great Britain Banks and banking -- Scotland

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