Chapter

The Mississippi System: Phase Two

Antoin E. Murphy

in Richard Cantillon: Entrepreneur and Economist

Published in print January 1989 | ISBN: 9780198286820
Published online November 2003 | e-ISBN: 9780191596681 | DOI: http://dx.doi.org/10.1093/0198286821.003.0008

Series: Clarendon Paperbacks

 The Mississippi System: Phase Two

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How Cantillon made his second fortune by speculating against the French exchange rate and the Mississippi Company during the spring of 1720. John Law's attempts to keep the Mississippi System afloat are analysed along with his action in expelling Cantillon from France.

Keywords: exchange rates; expulsion; John Law; Mississippi System; Royal Bank; speculation

Chapter.  13716 words.  Illustrated.

Subjects: History of Economic Thought

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