Chapter

The Lull Before the Storm

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.003.0016
 The Lull Before the Storm

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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

Chapter.  6995 words. 

Subjects: History of Economic Thought

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