John Law by James Buchan
A vivid biography of the Scotsman who rose from gambler and confidence man to become the architect of early modern finance in France, introducing paper money, a central bank and the speculative Mississippi Company; it traces his dazzling ascent at the court of Louis XV, the manic frenzy of speculation he stoked, and the catastrophic collapse that ruined investors and ended his career. The narrative examines his dazzling charisma, inventive economic theories, political maneuvering and the social and monetary consequences of his experiment, offering both a portrait of a singular personality and a meditation on the risks of financial innovation and state finance in the early eighteenth century.
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