Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: John Law (economist)


Related Topics

  
  John Law - LoveToKnow 1911
JOHN LAW (1671-1729), Scots economist, best known as the originator of the "Mississippi scheme," was born at Edinburgh in April 1671.
It was republished at Glasgow in 1751 with Law's name attached; but several references in the state papers of the time mention William Paterson (1658-1719), founder of the Bank of England, as the author of the plan therein propounded.
Law now gained the full confidence of the regent, and was allowed to proceed with the development of the "system." The trade of the region about the Mississippi had been granted to a speculator named Crozat.
www.1911encyclopedia.org /John_Law   (3062 words)

  
 John Law
John Law (1671 - 1729) was a Scottish economist who believed that money was only a means of exchange and did not constitute wealth in itself, national wealth depended on trade.
Law urged the establishment of a national bank[?] to create and increase instruments of credit, and the issue of paper money[?] backed by land, gold, or silver.
Law exaggerated the wealth of Louisiana with an effective marketing scheme, which led to wild speculation on the shares of the company.
www.ebroadcast.com.au /lookup/encyclopedia/jo/John_Law.html   (350 words)

  
 John Law (economist)   (Site not responding. Last check: 2007-09-15)
Law was born into a banking family from Fife ; his father had purchased a landed estate at Cramond on the Firth of Forth, and after his death in 1688, Law travelled to London and lost large sums of money in gambling.
Law's pioneering note-issuing bank was extremely successful until it collapsed and caused an economic crisis in France and Europe.
Law exaggerated the wealth of Louisiana with an effective marketing scheme, which led to wild speculation on the shares of the company in 1719.
www.seattleluxury.com /encyclopedia/entry/John_Law_(economist)   (804 words)

  
 John Law
John Law was a "reckless, and unbalanced, but most fascinating genius" as Alfred Marshall (1923: p.41) called him, with "the pleasant character mixture of swindler and prophet" as Karl Marx (1894: p.441) added.
John Law (1705) elaborated upon Davanzati's distinction between "value in exchange" and "value in use", which led him to introduce his famous "water-diamond" paradox: namely, that water, which has great use-value, has no exchange-value while diamonds, which have great exchange-value have no use-value.
Law proposed the establishment of a state-chartered bank with the power to issue unbacked paper currency (see here for pictures of notes), the Banque Générale, which was established in 1716.
cepa.newschool.edu /het/profiles/law.htm   (542 words)

  
 John Law (economist) - Wikipedia, the free encyclopedia
Law was born into a banking family from Fife; his father had purchased a landed estate at Cramond on the Firth of Forth, and after his death in 1688, Law travelled to London and lost large sums of money in gambling.
It was in this context that the regent, Philippe d'Orléans, appointed the Scot, John Law of Lauriston (1671-1729), as Controller General of Finances.
Law's pioneering note-issuing bank was extremely successful until it collapsed and caused an economic crisis in France and across Europe.
en.wikipedia.org /wiki/John_Law_(economist)   (903 words)

  
 John Law and the Mississippi Bubble
Law was a Scottish financier born in Edinburgh.
Law's company had exclusive trading privileges in the territory for 25 years; it could appoint its own governor and officers in the colony and make land grants to potential developers.
Law devalued shares in the company in several stages during 1720, and the value of bank notes was reduced to 50 percent of their face value.
mshistory.k12.ms.us /features/feature22/law2.html   (1856 words)

  
 Episodes of Hyperinflation
John Law was the son of a banker from Scotland.
Law raised only 25 percent of the capital in cash and covered the other 4.5 million livres with government debt (billets d'etat) which was worth only one fourth of its face value.
John Law fled to Holland in 1720 and his properties in France were seized by the Regime.
www2.sjsu.edu /faculty/watkins/hyper.htm   (4272 words)

  
 Econ 229: John Law and the Système of 1720
Econ 229: John Law and the Système of 1720
John Law was a Scotsman, son of a goldsmith.
John Law had initially proposed a 100%-reserve public bank that would handle the government's financial transactions, but the plan was rejected in October 1715.
www.csun.edu /~hceco008/johnlaw.htm   (4746 words)

  
 John Law Feature Page on Undiscovered Scotland   (Site not responding. Last check: 2007-09-15)
He was an economist who some have described as the father of finance, responsible for the use of paper money in the world today.
Law was the son of a wealthy banking family and was brought up in Fife and at Cramond, west of Edinburgh.
Law's "Mississippi Scheme" to exploit the vast wealth he promised in the region attracted investors from across France and the rest of Europe.
www.undiscoveredscotland.co.uk /usbiography/biographies/johnlaw.html   (930 words)

  
 John Law Biography | Encyclopedia of World Biography
John Law was born on April 21, 1671, in Edinburgh to wealthy parents.
According to Law, as well as many of his contemporaries, the main responsibility of government was to increase the prosperity of the country.
Law attempted to interest several governments in his theories but was unsuccessful until 1716, when the Duc d'Orléans, regent of France for the young Louis XV, approved the establishment of a private bank, the Banque Générale, later the Banque Royale.
www.bookrags.com /biography/john-law   (517 words)

  
 John Law and the Mississippi Company
Law earned a charter for his private bank, Banque Generale, on May 2, 1716… "M. Law et sa Compagnie." While the proposal for a true royal bank was rejected, Banque Generale was in essence the first Bank of France.
The regent, Law's friend the Duc, helped him flee the country, and as historian Norman Davies notes, "France was permanently inoculated against credit operations." Ironically, though, the commercial aspects of the venture began to thrive and the value of French overseas commerce quadrupled between 1716 and 1743.
And it needs to be noted that John Law, who died broke in Venice in 1729, was never accused of doing anything illegal, which is why economist Joseph Schumpeter could make his claim that Law was one of the greatest monetarists of all time.
lapasserelle.com /escem/finance1/01_introduction/john_law_3.htm   (1613 words)

  
 John Law Biography
John Law (1671 April 21 - 1729 March 21) was a Scottish economist who believed that money was only a means of exchange and did not constitute wealth in itself, national wealth depended on trade.
On April 9, 1694 John Law fought a duel with Edward Wilson.
Law died a poor man in Venice in 1729.
www.biographybase.com /biography/Law_John.html   (426 words)

  
 Matrix Chambers - Who We Are - Members - John O'Flaherty
John taught for three years at Trinity College, Dublin, and has worked as an economic consultant for, among others, Oxford Economic Research Associates Ltd and NERA, London, where he specialised in the economics of competition policy and regulation.
In the field of commercial law, John has been instructed at both County Court and High Court level in relation to all manner of commercial disputes, including general contract law, professional negligence, insurance and arbitration.
John also has significant experience of VAT law, and is regularly instructed by HM Customs and Excise.
www.matrixlaw.co.uk /WhoWeAre_Members_JohnOFlaherty.aspx   (503 words)

  
 Seattle University School of Law - Center on Corporations, Law & Society - Healthcare Conference
She is a co-author of two leading law school casebooks, Health Care Law and Ethics and AIDS Policy and Law; the co-author/co-editor of a two volume set on medical ethics; and has authored a number of law review articles and book chapters on health law topics.
She was the Associate Dean for Academic Affairs from 1997-2001, with responsibility for overseeing the law school faculty and curriculum, and is currently Chair of the Health Law Focus Area and faculty advisor to the law school’s Health Law Society.
She teaches corporate law, insolvency law, contract law and law and economics at the UBC Faculty of Law.
www.law.seattleu.edu /ccls/events/healthcare/speakers   (3841 words)

  
 Yale Law School | Three YLS Professors Named to New Endowed Chairs
Professor of Law; John J. Donohue III was named the inaugural Leighton Homer Surbeck Professor of Law; Jonathan R. Macey was appointed Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law.
John Donohue came to Yale in 2004 after teaching for many years at Northwestern University School of Law and Stanford Law School.
Jonathan Macey came to YLS from Cornell Law School, where he was the J. DuPratt White Professor of Law and director of the John M. Olin Program in Law and Economics.
www.law.yale.edu /news/2218.htm   (719 words)

  
 John & Belle Have A Blog: The Economist
Well, John Ralston Saul announced The end of globalism, so maybe the "Economist" is convulsing in agony or something...
Severable from the above, and to the extent permitted by law, you hereby agree to the following as well: by leaving a comment you grant to the proprietors the right to release ALL your comments to this blog under this Creative Commons license (attribution 2.5).
Posting a comment constitutes consent to the following choice of law and choice of venue governing any disputes arising under this licensing arrangement: such disputes shall be adjudicated according to Canadian law and in the courts of Singapore.
examinedlife.typepad.com /johnbelle/2005/04/the_economist.html   (1163 words)

  
 John Law
As economists put it, money is "path-dependent" - it is a stable result of events that may be completely accidental.
Since today's economists (except of course the Austrian School) have abandoned the the apparently unfashionable concept of causality in favor of the reassuringly autistic positivism of pure statistical correlation, it has escaped their attention that when you stop shooting heroin, you feel awful.
Economists of the Austrian School consider this corporatist approach to finance responsible for the business cycle, and I believe them.
johnlaw.wordpress.com   (12469 words)

  
 Amazon.com: The Law of Peoples: Books: John Rawls   (Site not responding. Last check: 2007-09-15)
John Rawls is indisputably the most honorable spokesman of political liberalism of the past twenty-five years.
The Law of Peoples is Rawls' attempt to bring his notions of justice as fairness and the like into the international scene.
John Rawl's "Law of People" is divided into two parts: "The Law of Peoples" (a paper based on Rawl's article by the same name published in 1993), and "The Idea of Public Reason Revisited" (1997).
www.amazon.com /Law-Peoples-John-Rawls/dp/glan/0674005422   (2315 words)

  
 Exploding Inflation   (Site not responding. Last check: 2007-09-15)
Law convinced the King and the French monetary authorities that in order to have a perpetual business boom, all they needed to do was print enough fiat currency so that business was assured of having access to the capital it needed.
Law stated that a stable gold-backed currency, which by its very nature stops meddlesome government bureaucrats from living beyond their means, was too archaic and far inferior to his new fiat currency theme.
This law of economics is as immutable as gravity in physics, and it cannot be defied.
www.zealllc.com /commentary/explode.htm   (3628 words)

  
 The Emirates Economist
That is an easy way, lobbyists say, for political action committees to increase the share of their Democratic contributions, a percentage that is carefully tracked by party leaders when they reach the majority.
Saudis caught speeding and breaking traffic laws in the Kingdom simply call in their “wasta” (influential contacts) in order to get their fines canceled.
Pornography and rape are substitutes - Greg Mankiw's Blog, reporting on research by Todd D. Kendall, an economist at Clemson University.
emirateseconomist.blogspot.com   (2144 words)

  
 John Law and Alan Greenspan — The Great Inflationists
The essence of John Law’s theory was that the regulation of the money supply through bank issuance of paper money could simultaneously stimulate trade and economic activity while also maintaining general price stability.
In John Law’s view, it was the goal to foster the creation of money supply to accommodate demands for increased trade.
As Vickers stated, “In the first place, the essence of Law’s scheme was his proposal for the monetization of certain existing assets.” We strongly argue that the monetization of existing assets, largely real estate and stocks, is the essence of the Greenspan boom.
www.gold-eagle.com /gold_digest_00/noland030600.html   (2031 words)

  
 CNN.com - Prosecution rests in Muhammad trial - Nov. 10, 2003
On the same day that jury selection began for the teenage co-defendant in last year's deadly shooting spree, prosecutors in the Muhammad trial also filed a memorandum outlining why they believe a "non-triggerman accomplice" would be eligible for Virginia's death penalty.
Under Virginia law, prosecutors can pursue the death penalty only if they show a defendant was responsible for two murders within a three-year period.
One of the 13 victims attributed to the sniper shootings was shot in that county.
cnn.com /2003/LAW/11/10/muhammad.trial/index.html   (769 words)

  
 John Lott's Website: Research on Guns and Road Rage
For example, Liberals are apparently much more likely to engage in road rage than conservatives and the difference is larger than the difference between those who did and did not have a gun at least one time in their car over the last year.
Despite almost four million Americans currently having permits to carry concealed handguns and some states having these laws for as long as eighty years, there is only one case in Alabama where a permitted concealed handgun was used to commit road rage.
Cold Comfort, Economist John Lott discusses the benefits of guns--and the hazards of pointing them out.
johnrlott.tripod.com /2006/02/research-on-guns-and-road-rage.html   (2524 words)

  
 Oxford Scholarship Online: John Law: Economic Theorist and Policy-maker   (Site not responding. Last check: 2007-09-15)
Abstract: Despite his popular reputation as a rake and a gambler, John Law (1671–1729) left a remarkable legacy of economic concepts at a time when economic conceptualization was very much at an embryonic stage.
Law believed in an economy of banknotes and credit where specie had no role to play.
Law was able to implement his economic theory in the form of economic policy during the Mississippi System that he created.
whiz.prov.ingenta.com /oso/public/content/economicsfinance/019828649X/toc.html   (296 words)

  
 Yale Law School | Faculty | John J. Donohue III
John J. Donohue III is the Leighton Homer Surbeck Professor of Law.
He is an economist/lawyer who has used large-scale statistical studies to estimate the impact of law and public policy in a wide range of areas from civil rights and employment discrimination law to school funding and crime control.
Before joining Yale Law School, he was a chaired professor at both Northwestern Law School and Stanford Law School.
www.law.yale.edu /faculty/JDonohue.htm   (170 words)

  
 HLS The John M. Olin Center: Faculty Discussion Papers
John C. Coates IV, Ownership, Takeovers and EU Law: How Contestable Should EU Corporations Be?, 12/2003; forthcoming in Company and Takeover Law in Europe, E. Wymeersch and G. Ferrarini (eds.) (Oxford University Press, 2003).
John M. de Figueiredo and Rui J.P. de Figueiredo, Jr., The Allocation of Resources by Interest Groups: Lobbying, Litigation and Administrative Regulation, 06/2002.
John C. Coates IV and Guhan Subramanian, A Buy-Side Model of Lockups: Theory and Evidence, 1/00; subsequently published in Stanford Law Review, Vol.
www.law.harvard.edu /programs/olin_center/papers   (12346 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.