John Law, financial adventurer
finance, bubbles, currency, national bank, taxation, debt
John Law was given control over the French economy in the early eighteenth century. Unfortunately, a major financial crash occurred in 1720. He was blamed and had to flee France in disgrace. He lived a colourful life before he rose to power. He had killed a man in a duel and had been a gambler. However, he is remembered by economists for his attempts to modernise economic thinking. In this article, we will learn more about John Law and his influence on the French economy.
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