Money and Trade Considerd: With a Proposal for Supplying the Nation with Money John Law (1705)

ISBN: 9781508816249

Published: March 10th 2015

Paperback

140 pages


Description

Money and Trade Considerd: With a Proposal for Supplying the Nation with Money  by  John Law (1705)

Money and Trade Considerd: With a Proposal for Supplying the Nation with Money by John Law (1705)
March 10th 2015 | Paperback | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 140 pages | ISBN: 9781508816249 | 3.54 Mb

This 138-page book is professionally typeset and readable. It includes a detailed biography of John Law and a description of the Mississippi bubble by Charles Mackay (1852), describing Laws life, rise and fall. John Law (1705) proposed to supply theMoreThis 138-page book is professionally typeset and readable. It includes a detailed biography of John Law and a description of the Mississippi bubble by Charles Mackay (1852), describing Laws life, rise and fall. John Law (1705) proposed to supply the nation with a sufficiency of money to stimulate trade and increase employment and production.

He stressed - in opposition to the metal-based hard-money tradition - that money is merely a governmental standard, that it has no intrinsic value like a metal, moneys only function being that of a medium of exchange and not any store of value for the future. Whereas Luca Paciolis (1494) contribution was that of double-entry bookkeeping, John Laws model applied the technique to modern banking for the purpose of deposit-money creation grounded on the pledge of land.

Many a castle along the Loire River was acquired under his regime, until the avarice of the Regent of France broke his Banque Royale. John Law is crowned by authors of the Mises Institute - as the Proto-Keynesian.



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