| Author |
Law, John, 1671-1729 |
| Title |
Money and trade considered : With a proposal for supplying the nation with money
|
| Original Publication |
United Kingdom: R. & A. Foulis, 1750.
|
| Credits |
Emmanuel Ackerman, Evander Cobban and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)
|
| Summary |
"Money and Trade Considered" by John Law is a treatise on economic theory written in the early 18th century. This work delves into the nature of money, trade, and the measures needed to address the scarcity of money in the nation. Law discusses various economic concepts such as the valuation of goods, the principles of barter, and the pivotal role of silver as currency, ultimately laying the groundwork for his proposals on monetary reform. The opening of the text outlines Law’s objective to investigate the concepts of money and trade, presenting a clear rationale for why silver was historically favored as a form of currency. He begins by discussing the nature of value in trade, emphasizing that the value of goods depends on their utility and rarity, and illustrates how trade was conducted through barter before the adoption of money. Law highlights the deficiencies of barter, such as the difficulty in finding suitable exchanges, and gradually develops his argument for the necessity of a stable monetary system anchored by silver to facilitate trade and enhance economic prosperity. (This is an automatically generated summary.)
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| Language |
English |
| LoC Class |
DA: History: General and Eastern Hemisphere: Great Britain, Ireland, Central Europe
|
| LoC Class |
HG: Social sciences: Finance
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| Subject |
Currency question -- Great Britain
|
| Subject |
Banks and banking -- Scotland
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| Category |
Text |
| EBook-No. |
70784 |
| Release Date |
May 17, 2023 |
| Copyright Status |
Public domain in the USA. |
| Downloads |
114 downloads in the last 30 days. |
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