Important acquisitions

Etat general des dettes de l'Etat

Author [Law, John]
Title Etat general des dettes de l'Etat
Imprint Paris: Antoine-Urbain Coustlier
Date of Publication 1720
Language French
Notes These items are useful additions to the Library's holdings of publications relating to the career and policies of John Law, the Scot turned economist and banker who became controller-general of finances in France. The first item announces the success of the reform of the French financial system, which Law had directed (although these reforms were shortly to result in the disastrous collapse of the 'Mississippi bubble' which ruined numerous investors). Law's biographer Antoin Murphy describes this work as 'Law at his disingenuous best'. The second item is an attempt to justify the measures of 22 May 1720, which had involved a reduction in the price of the paper currency which Law had introduced. Both items are anonymous, but seem likely to be by Law or commissioned by him: certainly they relate to the radical policies which originated with Law. Law eventually fled France in disgrace, and died in exile. His ideas are now considered to have been ahead of their time. See Antoin E. Murphy, John Law (1997), pp. 293+, 244+. These two books are good copies in modern boards.
Shelfmark RB.m.453
Acquired on 26/09/01
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