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I Am Not Master of Events: The Speculations of John Law and Lord Londonderry in the Mississippi and South Sea Bubbles
Contributor(s): Neal, Larry (Author)

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 ISBN: 0300153163     ISBN-13: 9780300153163
Publisher: Yale University Press
OUR PRICE: $68.25  

Binding Type: Hardcover - See All Available Formats & Editions
Published: January 2012
Qty:

Click for more in this series: Yale Series in Economic and Financial History Yale Series in
Additional Information
BISAC Categories:
- Business & Economics | Economic History
- History | Modern - 18th Century
- Business & Economics | Economics - Microeconomics
Dewey: 338.542
LCCN: 2011022693
Series: Yale Series in Economic and Financial History Yale Series in
Physical Information: 0.8" H x 6.1" W x 9.4" L (1.05 lbs) 232 pages
Themes:
- Chronological Period - 18th Century
Features: Bibliography, Illustrated, Index
 
Descriptions, Reviews, Etc.
Publisher Description:

Two of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Londonderry, his main partner in England. This book tells the story of these two financial schemes from the letters and accounts of two leading personalities. Larry Neal, a distinguished economic historian, highlights the rationality of each person and also finds that the primitive exchanges of the day, though informal and completely unregulated, actually performed reasonably well.
 
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