Chapter

Metamorphosis: John Law the Economist

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.003.0006
 Metamorphosis: John Law the Economist

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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

Chapter.  11339 words. 

Subjects: History of Economic Thought

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