John Law
Economist and Controller-General of Finances
Born
April 21st, 1671
354 years ago
Died
March 21st, 1729
296 years ago — 57 years old
Category
Thinkers & Philosophers
Country
France
Links & References
A Scottish-French economist and politician, served as the Controller-General of Finances under the regency of Philippe II, Duke of Orléans. Developed a monetary and banking system that sought to stimulate the French economy through paper currency and credit expansion. His ideas contributed to the establishment of the Banque Générale and the Mississippi Company, which aimed to exploit the resources of French Louisiana. Law's financial schemes led to significant economic changes in France during the early 18th century and were instrumental in the emergence of modern banking systems.
Developed paper currency in France
Founded the Banque Générale
Established the Mississippi Company
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