Before you leave...
Take 20% off your first order
20% off
Enter the code below at checkout to get 20% off your first order
John Law P: Economic Theorist and Policy-Maker (Paperback) (ISBN-13: 9780198823483)
Vendor:
Antoin E. Murphy
Product type:
Books
- $53.00
$53.00- $53.00
- Unit price
- per
Subtotal:
$53.00
Description
xJohn Law (1671-1729) left a remarkable legacy of economic concepts from a time when economic conceptualization was very much at an embryonic stage. Yet he is best known-and generally dismissed-today as a rake, duellist, and gambler. This intellectual biography offers a new approach to Law, one that shows him to have been a significant economic theorist with a vision that he attempted to implement as policy in early-eighteenth-century Europe.
Law's style, marked by a clarity and use of modern terminology, stands out starkly against the turgid prose of many of his contemporaries. His vision of a monetary and financial system was certainly one of a later age, for Law believed in an economy of banknotes and credit where specie had no role to play. Ultimately Law failed as a policy-maker, in part because of the entrenchment of the financiers and their aristocratic backers and in part because of theoretical flaws in his vision. His struggle for power took place against the background of Europe's first major stock boom and collapse. The collapse of the Mississippi System, which he had conceived, and the South Sea Bubble led to a lasting impression of Law as a failure. It is this impression that Antoin Murphy seeks to dispel.
Author: Antoin E. Murphy
ISBN-10: 0198823487
ISBN-13: 9780198823483
Publisher: Oxford University Press, USA
Language: English
Published: 08/07/2018
Pages: 406
Format: Paperback
Weight: 1.45lbs
Size: 9.10h x 6.10w x 0.90d
Law's style, marked by a clarity and use of modern terminology, stands out starkly against the turgid prose of many of his contemporaries. His vision of a monetary and financial system was certainly one of a later age, for Law believed in an economy of banknotes and credit where specie had no role to play. Ultimately Law failed as a policy-maker, in part because of the entrenchment of the financiers and their aristocratic backers and in part because of theoretical flaws in his vision. His struggle for power took place against the background of Europe's first major stock boom and collapse. The collapse of the Mississippi System, which he had conceived, and the South Sea Bubble led to a lasting impression of Law as a failure. It is this impression that Antoin Murphy seeks to dispel.
Author: Antoin E. Murphy
ISBN-10: 0198823487
ISBN-13: 9780198823483
Publisher: Oxford University Press, USA
Language: English
Published: 08/07/2018
Pages: 406
Format: Paperback
Weight: 1.45lbs
Size: 9.10h x 6.10w x 0.90d
By Antoin E. Murphy
xAntoin E. Murphy is a retired Professor of Economics and Fellow Emeritus of Trinity College Dublin, University of Dublin. He was a visiting scholar at the Center for International Affairs at Harvard, the Institut d'ﾉtudes D駑ographiques in Paris, the Hoover Institution, and the Department of Economics at Stanford University. His special interests are in macroeconomics, monetary economics, and the history of monetary thought. He was one of the founding and joint managing editors of the European Journal of the History of Economic Thought.
Recently Viewed Products
- Choosing a selection results in a full page refresh.