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John Law: Economic Theorist and Policy-maker$
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Antoin E. Murphy

Print publication date: 1997

Print ISBN-13: 9780198286493

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019828649X.001.0001

The Measures of 21 May 1720

Chapter:
(p. 244 ) 17 The Measures of 21 May 1720
Source:
John Law: Economic Theorist and Policy-maker
Author(s):

Antoin E. Murphy (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/019828649X.003.0017

The attempt to cool down the System through the reduction of the value of shares and banknotes produced a dramatic loss of confidence in the System, and Law was put under house arrest. The complexities of running the System forced the Regent to bring Law back into power and to exile the Pâris brothers.

Keywords:   arrest, banknotes, Mississippi System, Pâris brothers, shares

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