The Moneymaker - The Philanderer, Gambler, and Duelist Who Invented Modern Finance View larger

The Moneymaker - The Philanderer, Gambler, and Duelist Who Invented Modern Finance

Gleeson, Janet

Used

WOODSTOCK: Economics

More details

This product is no longer in stock

R60

Add to wishlist

More info

Three hundred years ago, a charismatic young gambler and man-about-town with a natural gift for mathematics fled London for the Contintent. His name was John Law and he had a good reason to go, having killed a man in a duel. Living off his lucrative winnings at the gaming tables of Europe, Law became increasingly fascinated by the nature of finance and journeyed to the impoverished, famine-stricken France of Louis XIV with an extraordinary idea. At the time when wealth was stored and exchanged as gold and silver coin - and there was rarely enough to fund the extravagance of kings, let alone trade - Law realised that the overriding problem was lack of available money. He reasoned that if this could be lent in the form of paper, properly backed by assets, then it could be lend repeatedly and credit used to multiply the opportunities for the making of money.

Softcover. English. bantam. 2000. 272 pp. Good. Book No: 3928

Reviews

No customer reviews for the moment.

Write a review

The Moneymaker - The Philanderer, Gambler, and Duelist Who Invented Modern Finance

The Moneymaker - The Philanderer, Gambler, and Duelist Who Invented Modern Finance

WOODSTOCK: Economics

30 other products in the same category: