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The Politics of Utopia

A New History of John Law's System, 1695-1795

Arnaud Orain
Livre relié | Anglais | Life of Ideas
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Description

A fascinating retelling of the first banking and financial collapse in eighteenth-century France.

The Scottish economist John Law has been described as the architect of modern central banking. His "System," established in Regency France between 1716 and 1720, saw the founding of a bank issuing paper money and the establishment of state commercial and colonial enterprises aimed at consolidating public debt. What at first seemed like financial wizardry, however, resulted in rampant speculation and, ultimately, economic collapse. In The Politics of Utopia, historian Arnaud Orain offers a provocative rereading of this well-known episode.

Starting his story in the seventeenth century, Orain reconstructs the figures and ideas, long predating Law, that anticipated and laid the groundwork for the System, which, he argues, is best understood as a failed social utopia aimed at the total transformation of society. Overturning familiar narratives of this seismic event, this book rewrites a stunning chapter in economic history by dealing with the cultural, colonial, religious, and political dimensions of the (in)famous System up to the French Revolution, revealing new lessons for today's fraught financial landscape.

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Editeur:

Contenu

Nombre de pages :
344
Langue:
Anglais
Collection :

Caractéristiques

EAN:
9780226825359
Date de parution :
31-07-24
Format:
Livre relié
Format numérique:
Genaaid
Dimensions :
152 mm x 229 mm
Poids :
566 g

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