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John Law: Economic Theorist and Policy-maker$
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John Law: Economic Theorist and Policy-maker

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 Lull Before the Storm

Chapter:
(p. 231 ) 16 The Lull Before the Storm
Source:
John Law: Economic Theorist and Policy-maker
Author(s):

Antoin E. Murphy (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/019828649X.003.0016

The inconsistencies in Law's policies of expanding the money supply, reducing the interest rate, and revaluing the exchange rate started to become more evident to people such as Richard Cantillon.His bear attack on the French exchange rate made him a second fortune.

Keywords:   bear attack, Richard Cantillon, East India Company, exchange rate, financial futures, interest rate, money supply, South Sea Company

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