History of Monetary and Credit Theory by Charles Rist

By Charles Rist

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Acr:o~:~~;~r~~II:~:ry~~=:e;Ja~mJl~r~:ili:~~: -I. ,,/"_____ regard to the certificates given-'1nexchange for bullion,2 and Galiani . :;w~~:~;i1ot::i:lt principle which, rightly. uIlderstood ... rise t~ . ~::yin!? ttlClSm c~ine~,,~ll regard to Law's system, but was a m. lied ironically t~,the HCi1ique Royale. 2 Cf. the description by Adam Smith of tIltrakly complicated mechanism of these certificates. pank which d,oes RQt ~P3¥""1 ~~~,. ~: credit" banks, . llalue. ~. l. ~_;:eondition. "' JJllty.

T=jdeas~· about A'oney;~hic alread worn thin. Had not Law announc a tncrease in the quantity of money was the only way of stimulating theriational econotpy? ". e Ban tir Nobod had \ ) )a good wor to say for the System. Dutot, Law's former collabor2 Cator,'took up filS defence in vain. Hume, referring to Dutot's-/ 1 aw' . l' No bibliography relating to Law atld his sy~te~~ill be given here. ~at-Can ne::~ thiS §tibJecfnas1>een'''said by M. Harsin, eithe~ in his ". ' rance u eJ;JJJ,""XV///e sitcze;"1Jai18;I92 , or In .

As . ,.... unwtlltng to tolerate. He wanted to see money Incr~~~~medlately. ~_.. ethod of incre~sing money-paper money. In Scotland i .... d-~g . ~of j ', I

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