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John Law

Дата рождения:
Место рождения: Edinburgh, City of Edinburgh, UK
Смерть: 21 марта 1729 (57)
Venice, Province of Treviso, Veneto, Italy (Италия) (Pneumonia)
Место погребения: Venice, Venezia, Veneto, Italy
Ближайшие родственники:

Сын William Law of Brunton, Baron of Lauriston и Jean Campbell
Муж Catharine Law
Отец Mary Catherine Law of Lauriston и John Law of Lauriston
Брат Andrew Law of Lauriston; William Law of Lauriston и Jean Law of Lauriston

Профессия: Economist
Менеджер: George J. Homs
Последнее обновление:

About John Law de Lauriston


=== Scottish Outlaw JOHN LAW OF LAURISTON was in possesion of 25% of America ! ===


Economist, Banker, Financier and Statesman, Author, Founder of the Bank of France, Controller-general of Finances, Originator of the Mississippi Scheme

Biographical Account

Memoir of the life of John Law of Lauriston

https://en.wikipedia.org/wiki/John_Law_(economist)

John Law (baptised 21 April 1671 – 21 March 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. He was appointed Controller General of Finances of France under the Duke of Orleans, regent for the youthful king, Louis XV.

In 1716 Law established the Banque Générale in France, a private bank, but three-quarters of the capital consisted of government bills and government-accepted notes, effectively making it the first central bank of the nation. He was responsible for the Mississippi Company bubble and a chaotic economic collapse in France, which has been compared to the early-17th century tulip mania in Holland. The Mississippi Bubble was contemporaneous with the South Sea Company bubble of England.

Law was a gambler and a brilliant mental calculator. He was known to win card games by mentally calculating the odds. He originated economic ideas such as "The Scarcity Theory of Value" and the "real bills doctrine". Law’s views held that money creation will stimulate the economy, that paper money is preferable to metallic money, and that shares are a superior form of money since they pay dividends.

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Хронология John Law de Lauriston

1671
16 апреля 1671
Edinburgh, City of Edinburgh, UK
21 апреля 1671
St Giles, Edinburgh, Edinburgh, Scotland, United Kingdom (Соединённое Королевство)
1712
1712
1729
21 марта 1729
Возраст 57
Venice, Province of Treviso, Veneto, Italy (Италия)
1729
Возраст 57
Chiesa di San Moisè, Venice, Venezia, Veneto, Italy (Италия)
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