LAW, John.

Money and Trade Considered:

with a Proposal for Supplying the Nation with Money. First published at Edinburgh MDCCV.

Glasgow: R. & A. Foulis, 1750 Stock Code: 134860
£1,250.00

Proto-Keynesian economics by the man behind the Mississippi Bubble

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Notes

First Foulis press edition, originally published in 1705. 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. The Foulis Press was renowned for the quality of their paper, typography and book design; they published a second edition of the work in 1760.

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Description

Octavo (149 x 86 mm). Contemporary calf, label lost, spine ruled in gilt.

Condition

Terminal advertisement leaf present. Worn and rubbed, joints split but holding, paper fault to pp. 137/137 impinging slightly on lettering, some light browning and foxing to contents, running damp stain at head for most of the second half of the book. A good, unsophisticated copy.

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