Index

A | B | C | D | E
F | G | H | I | K
L | M | N | O | P
R | S | T | U | V
W | Y

A

Aislabie, John, 94

amalgamation process, 26

Americas

free coinage and, 21, 26–28, 107–08

Mississippi Bubble and, 35, 56–57, 108

South Sea Bubble and, ix, 88–89, 94, 109–10

America’s Great Depression (Rothbard), 7n11, 113

Amsterdam, Bank of. SeeBank of Amsterdam

“An Historical Study of Law’s System” (Davis), 57n13, 62–63nn19–21, 4–65nn24–26

Andréadès, Andreas M., 81–83, 87, 102

History of the Bank of England 1640–1903, 76–77nn2–5, 83–84nn21–23

Anne (Queen of England), 85

Astell, William, 100

Austrian School of economics, viii, 6, 110

Austrian theory of malinvestment, 9, 105–17

“The Austrian Theory of the Trade Cycle” (Mises), 110n3

Austrian theory of trade cycle, 6–8, 110–17

B

Bank of Amsterdam

deposits into, 30f.

effect on English economics, 75

free coinage and, 22–33

influence on John Law, 41–42, 107–08

Bank of England

formation of, 77–79

influence on John Law, 44–45, 47–49, 55, 74

South Sea Bubble and, 79–03, 109–10

The Bank of England: A History (Clapham), 78n7–9

The Bank of England: A History from its Foundation in 1694 (Giuseppi), 77n6, 79–80nn13–15, 102n46

Bank of France. SeeRoyal Bank (France)

bankruptcies in Holland, 32f.

Barbour, Violet, 27–29

Capitalism in Amsterdam, 29n24

Blanc, Louis, 66–67

Bloom, Herbert I., The Economic Activities of the Jews of Amsterdam in the Seventeenth and Eighteenth Centuries, 22n8

Blunt, John, ix, 86–88, 92–98, 109–10. See alsoSouth Sea Company

“Boom and Bust: The Political Economy of Economic Disorder” (Wagner), 114n9

Briscoe, John, 82

Brodrick, Thomas, 94

Bubble Act, ix, 100, 110

“Bubbles,” The New Palgrave: A Dictionary of Economics (Kindleberger), 2n1

bullion. Seeprecious metals

business cycle theory, 6–8, 110–17

C

Calvo, Guillermo, 11

The Cambridge Economic History of Europe, 20n1

Capitalism in Amsterdam (Barbour), 29n24

Carswell, John, 86–87, 92–94, 96–97

The South Sea Bubble, 83n20, 101n43

Caswell, George, 88

central banks, vii

Chamber of Justice, 54–55

Chamberlain, Hugh, 82

Charles II (King of England), 76–77

Charles V (King of France), 19–20

“China Cancels Its Red-Hot Stamp Market, But Traders Hope Crackdown Will Pass” (McGregor), 116n11

China’s monetary policies, 116

Clapham, John, 78–80

clipping of coins, 19, 80–81

Clough, Shepard B., 101, European Economic History: The Economic Development of Western Civilization, 22n11

coinage and recoinage, 8, 19–33, 39, 51, 80–83, 107–08

coins, gold and silver. Seeprecious metals

Company of East Indies, 58

Company of the Indies. SeeMississippi Company

Company of the West, 56–58, 108

Crowldy, Ambrose, 88

Currency School, 110–11

D

d’Arminy, Le Gendre, 56–58

Davis, Andrew McFarland, 64–66

“An Historical Study of Law’s System,” 57n13, 62–63nn19–21

debasement of money, 19–20, 80–81

Del Mar, Alexander, 20, 26–27, 31, 107

History of Monetary Systems, 21nn5–6

A History of the Precious Metals, 29n25, 31nn26–27

Desmaretz, Nicolas, 39–40, 52–53

Dickson, G.G.M., 85–86, 98

The Financial Revolution in England: A Study in the Development of Public Credit, 89–90nn33–34, 100nn41–42

Dillen, J.G. van, 30

Duke of Noailles, 53–55, 57

Duke of Orléans, 38, 39, 53

Dutch East India Company, 26–27

E

East India Company (English), 38, 44–45, 49, 85–87, 102

econometrics, 4, 105

The Economic Activities of the Jews of Amsterdam in the Seventeenth and Eighteenth Centuries (Bloom), 22n8

The Embarrassment of Riches (Schama), 32n28

English Copper Company, 100

European Economic History: The Economic Development of Western Civilization (Clough), 22n11, 101n44

Euvres complétes (Law), 73n38

“The Evolution of John Law’s Theories and Policies 1707–1715” (Murphy), 45–46nn8–11

Exchange Alley, 99, 100, 110, 116

F

“Famous First Bubbles” (Garber), 4n6

Federal Reserve, vii

A Financial History of Western Europe (Kindleberger), 16–17

The Financial Revolution in England: A Study in the Development of Public Credit (Dickson), 85–86n24–27, 89–90nn33–34, 98n39, 100nn41–42

Flood, Robert, 4

Flynn, Dennis O., 27

free coinage, 8, 19–33. See alsocoinage and recoinage

A Free-Market Monetary System and The Pretense of Knowledge (Hayek), 8n14

Further considerations concerning raising the value of money (Locke), 82n17

G

Garber, Peter, 3–4, 11–15, 114

“Famous First Bubbles,” 4n6

General Bank (of France), 51, 55–56, 108. See alsoRoyal Bank (France)

The General Theory of Employment, Interest and Money (Keynes), 2–3, 106n1

Giuseppi, John, 77, The Bank of England: A History from its Foundation in 1694, 77n6, 79–80nn13–15, 102n46

Godfrey, Michael, 77

Godolphin, Sidney, 85–86, 88

gold. Seeprecious metals

goldsmiths, 36, 63, 76–77, 80–83

Greenspan, Alan, 73

Gresham’s Law, 20

H

Haberler, Gottfried, 111, 114

Hamilton, Earl J., 38n6

American Treasure and the Price Revolution in Spain, 28

“Imports of American gold and Silver into Spain, 1503–1660,” 26n19

“Law, John,” International Encyclopedia of the Social Sciences, 35n1, 39nn7–8

“The Political Economy of France at the Time of John Law,” 52nn2–3, 57n12

“The Political Economy of France at the Time of John Law” (Hamilton), 58n14

“Prices and Wages At Paris Under John Law’s System,” 53n4, 70–71nn32–33, 72–73nn34–37

Harley, Robert, 86, 88–89

Hayek, Friedrich A., viii, 110

A Free-Market Monetary System and The Pretense of Knowledge, 8n14

Helfferich, Karl, 20

Hildreth, Richard, The History of Banks: To Which is Added, A Demonstration of the Advantages and Necessity of Free Competition in the Business of Banking, 22n10

History of Modern Banks of Issue (Conant), 26n18

History of Monetary and Credit Theory: From John Law to the Present Day (Rist), 74n40

History of Monetary Systems: A Record of Actual Experiments in Money Made By Various States of the Ancient and Modern World (Del Mar), 20n2–3, 21nn5–6, 107n2

History of the Bank of England 1640–1903 (Andréadès), 76–77nn2–5, 81n16, 82–83nn17–19, 83–84nn21–23, 87n30

A History of the Precious Metals (Del Mar), 29n25, 31nn26–27

Hodrick, Robert, 4

Horsefield, Keith, 76–77

Huancavelica mercury mine, 26

Hume, David, 7, 27

I

“Imports of American gold and Silver into Spain, 1503–1660” (Hamilton), 26n19

inflation

free coinage and, 27

Mississippi Bubble and, 8, 46, 73–74, 96, 108–09

severe weather and, 86

Inflation Through The Ages: Economic, Social, Psychological and Historical Aspects, 27n21

An Inquiry into the Nature and Causes of the Wealth of Nations (Smith), 22–25

The International Economy and Monetary Movements in France (van Dillen), 30

International Encyclopedia of the Social Sciences, 35n1

K

Keynes, John Maynard, 105–06

The General Theory of Employment, Interest and Money, 2–3

Keynesian economics, 36, 69, 73, 105–06, 111, 117

Kindleberger, Charles, 1–2

“Bubbles,” The New Palgrave: A Dictionary of Economics, 2n1

A Financial History of Western Europe, 16–17

Manias, Panics, and Crashes: A History of Financial Crises, 15–16

L

land (as money), 42–44, 46, 80–83, 87

Land Bank project, 80–83

Law, John

Bank of Amsterdam as inspiration, 33

banking proposal, 38–40

biographical information, 35–38

effect on English economics, 87–88, 92, 96, 107–10

Euvres complétes, 73n38

Mississippi Bubble and, 3–4, 8, 51–74, 114–15

monetary theories, 41–50

overview, ix

“Law, John,” (Hamilton), 35n1

Law, John, publications by

Money and Trade Considered: With a Proposal for Supplying the Nation With Money, 38, 41–43

The Present State of the French Finances, 68–69nn30–31

Proposals and Reasons for constituting a Council of Trade, 37

Theory of Money, 87–88

“Treatise on Money and Commerce,” 39

Le Gendre d’Arminy, 56–58

Locke, John, 82

London Exchange Alley, 99, 100, 110, 116

Louis XIV (King of France), 38–39, 51, 53, 85

Louisiana, 56–57, 108

“The Low Countries,” An Introduction to the Sources of European Economic History 1500-1800 (van Houtte and van Buyten), 33n29

Lowndes, William, 81–82

M

Mackay, Charles, ix, 11

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, ixn1, 11, 36n2, 37n4, 38n6, 39nn7–8

Macleod, H.D., 87–88

malinvestment, theory of, 9, 105–17

Malt Lottery, 84

Manias, Panics, and Crashes: A History of Financial Crises (Kindleberger), 15–16

Mary (Queen of England), 79

McCulloch, John C., Principles of Political Economy, 82n17

McGregor, James, “China Cancels Its Red-Hot Stamp Market, But Traders Hope Crackdown Will Pass,” 116n11

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds (Mackay), ixn1, 11, 36n2, 37n4, 38n6, 39nn7–8

Mexico, 26

Million Bank, 99

Mises, Ludwig von, viii, 6, 110, 112, 115

On the Manipulation of Money and Credit, 114n7

Mississippi Company, ix, 48–50, 58–74, 108–110. See alsoLaw, John

Money (Walker), 27nn22–23

money, defined, 7

“Money and the Business Cycle, 111

Money and Trade Considered: With a Proposal for Supplying the Nation With Money (Law), 39, 41–44

Montague, Charles, 77, 78

Murphy, Antoin, 5–6, 44–48, 54, 58–59, 66–68

Richard Cantillon: Entrepreneur and Economist, 56–57nn10–11, 59–60nn15–16, 64nn22–23, 65n27, 73n39, 114n8

N

The New Palgrave Dictionary of Economics, 11

Noailles, Duke of, 53–55, 57

Norman, Montagu, 73

O

“On Testing for Speculative Bubbles” (Flood and Hodrick), 4nn7–9

On the Manipulation of Money and Credit (Mises), 112n5, 114n7, 115

Orléans, Duke of, 38, 39, 53

P

Paterson, William, 77–78

Philip, Duke of Orléans, 38, 39, 53

“The Political Economy of France at the Time of John Law” (Hamilton), 52nn2–3, 57n12, 58n14

Posthumus, N.W., 13–14

precious metals. See alsocoinage and recoinage

compared to paper money, 48, 73–74, 82–83, 108

free coinage, 19–33

influx into Europe, 26–31

monopoly by government bank, 61–65, 68, 80–83

ties to U.S. dollar, vii

prices, 70–74

“Prices and Wages At Paris Under John Law’s System” (Hamilton), 53n4, 70–71nn32–33, 72–73nn34–37

Principles of Political Economy (McCulloch), 82n17

Proposals and Reasons for constituting a Council of Trade (Law), 37

R

Rational Expectations School, 1–2, 4, 11, 105–06

Recoinage Act of 1696, 80–81

recoinage and coinage, 8, 19–33, 39, 51, 80–83, 107–08

Richard Cantillon: Entrepreneur and Economist (Murphy), 6n10, 54–55nn6–7, 56–57nn10–11, 64nn22–23, 65n27, 73n39, 114n8

Rist, Charles, 3

History of Monetary and Credit Theory: From John Law to the Present Day, 74n40

Rothbard, Murray, viii, 7, 43

America’s Great Depression, 7n11, 113

What Has Government Done to Our Money?, 7n13

Royal African Company, 99, 110

Royal Bank (France), 35–40, 49, 59–74, 108. See alsoGeneral Bank (of France)

Royal Lustering Company, 100

S

Salerno, Joseph T., 73–74

“Two Traditions in Modern Monetary Theory: John Law and A.R.J. Turgot,” 3n5

Schama, Simon, 31–32

The Embarrassment of Riches, 32n28

silver. Seeprecious metals

“Sixteenth-Century Inflation from a Production Point of View” (Flynn), 27

slave trade, 89

Smith, Adam, An Inquiry into the Nature and Causes of the Wealth of Nations, 22–25

South America. SeeAmericas

South Sea Act, 90–91

The South Sea Bubble (Carswell), 83n20, 86–87nn28–29, 87n31, 92n35, 94–95nn36–37, 101n43

South Sea Company

conversion Acts and, 90–96

establishment of, 88–90

framework of, 49

increase and fall of share prices, 96–103

increase in money supply and, 89–103

influence on John Law, 45

overview, viii, 8

trade cycle theory and, 109–11

Stop of the Exchequer, 76–77

“The ‘Stop of the Exchequer’ Revisited” (Horsefield), 76n3

Strong, Benjamin, 73

Sword Blade Company, 86–88, 92, 109

T

theory of malinvestment, 9, 105–17

Theory of Money (Law), 87–88

time preference, 7, 111–13

trade cycle theory, 6–8, 110–17

“Treatise on Money and Commerce” (Law), 39

Tulipmania

background, 11–17

increase in money supply and, 19–33, 114–16

malinvestment theory and, 106–08

overview, viii–ix, 8

“Tulipmania” Journal of Political Economy 97 (Garber), 11–15nn2–11

“Tulipmania” The New Palgrave: A Dictionary of Economics (Calvo), 11n1

Tunnage Bank, 78–79. See alsoBank of England

“Two Traditions in Modern Monetary Theory: John Law and A.R.J. Turgot” (Salerno), 3n5

U

United States, 35. See alsoAmericas

V

van Buyten, Leon, 32–33

van Dillen, J.G., 30

van Houtte, Jan A., 32–33

W

wages, 70–74

Wagner, Richard E., 114

Walker, Francis Amasa, 27n21

Walpole, Robert, 92, 101, 115

War of Spanish Succession, 51–52, 85, 90, 108

Wealth of Nations (Smith), 22–25

Welsh Copper Company, 100

What Has Government Done to Our Money? (Rothbard), 7n13

William of Orange (King of England), 75–76, 79, 85

Writings on Economics (Hume), 7n12

Y

York Buildings Company, 100