John Law

Economist and Controller-General of Finances

John Law - Thinkers & Philosophers born April 21st, 1671
Born
Died
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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