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Richard Cantillon: Entrepreneur and Economist$
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Antoin E. Murphy

Print publication date: 1989

Print ISBN-13: 9780198286820

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198286821.001.0001

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John Law and Richard Cantillon: The First Mississippi Fortune — Phase One

John Law and Richard Cantillon: The First Mississippi Fortune — Phase One

Chapter:
(p.65) 5 John Law and Richard Cantillon: The First Mississippi Fortune — Phase One
Source:
Richard Cantillon: Entrepreneur and Economist
Author(s):

Antoin E. Murphy (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198286821.003.0005

Cantillon's financial career was closely linked with that of John Law (1671–1729). Law wished to solve France's twin crises, the shortage of money and the high level of state indebtedness, through the establishment of a bank issuing paper money and a trading company to take over the national debt. Cantillon bought into the shares of the Mississippi Company at an early stage and made his first fortune by buying and selling its shares.

Keywords:   General Bank, John Law, Mississippi System, national debt, paper money, shares, speculation

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