Chapter

Law's Background

Antoin E. Murphy

in John Law: Economic Theorist and Policy-maker

Published in print June 1997 | ISBN: 9780198286493
Published online November 2003 | e-ISBN: 9780191596674 | DOI: http://dx.doi.org/10.1093/019828649X.003.0003
 Law's Background

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John Law was the son of an Edinburgh goldsmith. However, his antipathy towards gold should not be considered as a type of Freudian reaction against his father but as consistent with the evolving transition of goldsmiths into credit‐creating bankers.

Keywords: bankers; credit; Edinburgh; goldsmiths; specie

Chapter.  2431 words.  Illustrated.

Subjects: History of Economic Thought

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