John Law, Projector of the Mississippi Scheme.
London: Published by Richard Bentley, 1841.
Mixed-method engraving. Plate 222 x 140mm. 8¾ x 5½". Some spotting.
John Law (1671-1729) was a Scottish economist and was appointed Controller General of Finances of France under King Louis XIV. He established the Banque Générale in 1716, which effectively was the first central bank of France. He is principally known for being responsible for the Mississippi Bubble and the chaotic economic collapse in France. He is also responsible for establishing the following ideas: "the scarcity theory of value," and the "real bills doctrine."
See [for later impression:] NPG: D12274.
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