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John Law (1671-1729) left a remarkable legacy of economic concepts from a time when economic conceptualization was very much at an embryonic stage. Yet he is best known—and generally dismissed—today as a rake, duellist, and gambler. This intellectual biography offers a new approach to Law, one that shows him to have been a significant economic theorist with a vision that he attempted to implement as policy in early-eighteenth-century Europe. Law's style, marked by a clarity and use of modern terminology, stands out starkly against the turgid prose of many of his contemporaries. His vision of a monetary and financial system was certainly one of a later age, for Law believed in an economy ...
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Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
A New York Times and Wall Street Journal Bestseller From New York Times bestselling author Kabir Sehgal, an informative, rousing, surprising history of the one thing that makes the world go 'round: money. The importance of money in our lives is readily apparent to everyone--rich, poor, and in between. However grudgingly, we are all aware of the power of money--how it influences our moods, compels us to take risks, and serves as the yardstick of success in societies around the world. Yet because we take the daily reality of money so completely for granted, we seldom question how and why it has come to play such a central role in our lives. In Coined: The Rich Life of Money And How Its History...
Studies the influential tradition of 'theological utilitarianism' in the eighteenth century through the lens of William Paley's life and thought.
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Excerpt from John Law, the Projector, Vol. 15 About noon on a charming day towards the latter and of May, 1705, a sedan-chair was set down opposite Whites Coffee-house, in Saint James's-street. There was nothing unusual in the circumstance. Two or three chairs, indeed, had just discharged their freight on the same spot without attracting the slightest attention; but the case was very different with the emarkably handsome man who emerged from the sedan in question, and stepped lightly upon the pavement. On taking out his purse, this gallant-looking personage could find nothing in it but gold, and as the glittering pieces caught the eyes of the chairme, who were evidently from the Sister Isle,...