Money and Trade Considered (Annotated): With a Proposal for Supplying the Nation with Money($9.99Value)

Description

Whether remembered as a monetary theorist, charlatan, gambler, murderer, or spy, John Law undoubtedly remains one of the most colorful and enigmatic individuals ever to grace the pages of history. Law's classic 1705 essay, Money and Trade Considered, represents one of the most impactful early economics texts, influencing the likes of Richard Cantillon, Adam Smith, and John Maynard Keynes. With extraordinary clarity of expression, Law solves the diamond-water paradox, defines the effects of supply and demand on price, and proposes a new system of banking involving the issue of paper money as a means to stimulate the economy. Joseph Schumpeter, Austrian political economist and Harvard professor, writes, " John Law (1671-1729) I have always felt in a class by himself. He worked out the economics of his projects with a brilliance and, yes, profundity, which places him in the front ranks of monetary theorists of all time. " Provided in this annotated version: Detailed footnotes providing historical context and the definitions of archaic terminology - A biography of John Law Also by John Law: Essay on a Land Bank (www.amazon.com/dp/B09QSVRSX8) A memoir to prove that a new kind of money is superior to gold and silver (www.amazon.com/dp/B09QLP1NPX)