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JOHN LAW P: Economic Theorist and PolicyMaker,Used
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John Law (16711729) left a remarkable legacy of economic concepts from a time when economic conceptualization was very much at an embryonic stage. Yet he is best knownand generally dismissedtoday 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 earlyeighteenthcentury 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 policymaker, 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.
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- Q: What is the main focus of the book 'JOHN LAW P: Economic Theorist and Policy-Maker'? A: The book focuses on the life and contributions of John Law, an early economic theorist and policy-maker, highlighting his innovative ideas about monetary systems and the financial landscape of early-eighteenth-century Europe.
- Q: Who is the author of this book? A: The book is authored by Antoin E. Murphy, who provides an intellectual biography of John Law.
- Q: What are the key themes explored in the book? A: Key themes include John Law's economic theories, his vision of a banknote-based economy, and the historical context of his policy-making efforts amid Europe's first major stock market boom and subsequent collapse.
- Q: Is this book suitable for someone new to economic theory? A: Yes, the book is written in a clear style with modern terminology, making it accessible for readers who may not have a background in economic theory.
- Q: What is the condition of the book being sold? A: The book is listed as a 'Used Book in Good Condition', indicating that it may show some signs of wear but is still suitable for reading.
- Q: How many pages does this book have? A: The book contains 408 pages.
- Q: What type of binding does this book have? A: The book is bound in hardcover, which typically offers better durability compared to paperback editions.
- Q: When was 'JOHN LAW P: Economic Theorist and Policy-Maker' published? A: The book was published on October 2, 1997.
- Q: What category does this book fall under? A: This book falls under the category of Business.
- Q: Does the book include any insights into the failures of John Law's policies? A: Yes, the book discusses the failures of Law's policies, including the challenges he faced from entrenched financiers and the flaws in his theoretical vision.