Talk:John Law (economist)
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[edit] External Link Suggestion
This web site http://www.hindsight-books.com/title.php has the full text of "John Law and the Mississippi Bubble, France 1719-1720 By Adolphe Thiers" which I think would be useful to Wikipedia users. No login or payment is required. —Preceding unsigned comment added by Acbd18 (talk • contribs) 11:18, 28 May 2008 (UTC)
[edit]
Would like to add: He said to be the father of finance. He is responsible for the use of paper money. He was both a gambler, a brilliant mental calculator and and expert in statistics and originator in economic theories. He would win card games by mentally calculating the odds.
In economics, he is known for his two major ideas: 'The Scarcity Theory of Value' and 'The Real Bills Doctrine of Money'.
He established the Banque Générale in 1716 as a state-chartered bank with the power to issue paper currency. In the same year, he established the Mississipi Company, to help the French colony in Louisiana.
Law's pioneering note-issuing bank was extremely successful until it collapsed and caused an economic crisis in France and Europe.
[edit] Economist?
I would say businessman/statesman/monopolist.--Jerryseinfeld 06:37, 26 Dec 2004 (UTC)
[edit] Did John Law really invent paper money, or did he "borrow" the idea??
The history says that John Law invented paper money,the surviving examples dating 1718 as per the image in the article... When I read this in all the text books and such I always felt somewhat queasy... A
[edit] Did John Law really "invent" paper money or did he "borrow" the idea??
The article states and proves with an image that around 1718 John Law endorsed paper bank notes but any one can look up in a Canadian Bill catalog and discover that the intendant in New France (now Quebec Canada) in 1685 (ole johnny was 14 at that time....) endorsed playing cards to be used for money until the ship (with coins...) came in. There fore the first paper fiat money in the western world... But I will bet that the Chinese were way earlier.. old John boy got the paper money idea around 1707..the time frame seems to me to allow him plenty of time to have met the retired intendant???? Geeze there are a whack of papers here....99.241.43.123 (talk) 05:55, 19 November 2007 (UTC) Don't believe it? check this out..www.quebecoislibre.org/06/060319-2.htm
[edit] Need ambiguaiotion page?
It is not on top Radio Guy (talk) 01:19, 28 November 2007 (UTC)
—Preceding unsigned comment added by 217.19.182.249 (talk) 15:22, 31 May 2008 (UTC)
[edit] Somebody (who knows how) should correct link to disambiguation
If there are articles on other persons named John Law (and there would be a disambiguation page), the advice should refer to "John Law" and the link should go to "John Law (disambiguation)" —Preceding unsigned comment added by 217.19.182.249 (talk) 15:27, 31 May 2008 (UTC)
