Money and Trade Considered:

Uncut in original boards

Second Foulis Press edition, originally published by the press in 1750, first published in London in 1705. The Foulis Press was renowned for the quality of their paper, typography and book design, and their works are rarely found uncut in boards. Money and Trade Considered was the seminal work of the Scottish financial adventurer and French finance minister John Law (1671-1729), in which he argued that an expansion of the money supply would produce an expansion in output and consequently an export surplus. He therefore proposed that Scotland should expand the money supply backed up with the security of the land. His ideas were put into practice by the French state with the creation of the Mississippi Company, with its subsequent bubble and collapse often blamed on Law's monetary theories. His ideas have been seen as proto-Keynesian, in both a favourable and a negative light.