Money and Trade Considered

Money and Trade Considered: With a Proposal for Supplying the Nation with Money is an early economics text written by John Law of Lauriston, published in 1705. In it, he attempts to compare the prosperity of other countries with that of Scotland, and advocates a "land bank" system of paper money backed by real estate as a commodity instead of gold or silver.

Money and Trade Considered

Money and Trade Considered: With a Proposal for Supplying the Nation with Money is an early economics text written by John Law of Lauriston, published in 1705. In it, he attempts to compare the prosperity of other countries with that of Scotland, and advocates a "land bank" system of paper money backed by real estate as a commodity instead of gold or silver.