Metamorphosis: John Law the Economist
Discusses Law's first writing on economic issues, the Essay on a Land Bank. His introduction of the paradox of value and the concept of demand. His use of supply and demand analysis. His introduction of the term ‘the demand for money’ and his analysis of inflation in a demand‐for‐money–supply‐of‐money‐framework.
Keywords: demand for money, demand, land bank, monetarism, money supply, paradox of value, supply
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