John Law’s Financial Scam and the South Sea Bubble

Author:

Simpson Brian P.

Publisher

Palgrave Macmillan US

Reference20 articles.

1. My discussion of the Mississippi Bubble is based in part on Brian Simpson, “Money, Banking, and the Business Cycle,” audio recording (Irvine, CA: Second Renaissance, Inc., 2005).

2. As quoted in Sir John Clapham, The Bank of England: A History, vol. 1 (Cambridge: Cambridge University Press, 1970), p. 106.

3. For more background information on Law, see Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds (New York: Farrar, Straus, and Giroux, 1932 [1841]), pp. 1–5.

4. As quoted by Friedrich Hayek in Chapter 10 of The Trend of Economic Thinking. See W. W. Bartley III and Stephen Kresge, eds., The Collected Works of F. A. Hayek, vol. 3 (Chicago: The University of Chicago Press, 1991), p. 158.

5. Bartley and Kresge, Collected Works, pp. 157–158 and John Law, Money and Trade Considered, with a Proposal for Supplying the Nation with Money (New York: Augustus M. Kelley, 1966 [1705]), pp. 5–13.

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