Pre-Classical Economists Volume III: John Law (1671–1729) and Bernard Mandeville (1660–1733)

Pioneers in Economics series

Edited by the late Mark Blaug, former Professor Emeritus, University of London and Professor Emeritus, University of Buckingham, UK

约翰·劳是一个不nary personalities in which the 18th century seemed to abound. He held a demand-and-supply theory of value and treated the value of money or the determination of the average level of prices as only a special case of a general theory of value. Law eventually became Minister of Finance in France and was responsible for the greatest speculative frenzy in her history known as the Mississippi Bubble. When the boom collapsed in the closing months of 1720, Law was forced to flee France, permanently discredited, and spent his declining years as a professional gambler in Venice.