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Gavin John Adams Quotes

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Gavin John Adams Quotes

“John Law’s 'Money and Trade Considered' is the most influential but least acknowledged work in the history of economics.”

Economics Economist Paper Money Fiat Fiat Currency Fiat Money John Law Money And Trade Considered Gavin John Adams

Book:John Law: The Lauriston Lecture and Collected Writings

Source: John Law: The Lauriston Lecture and Collected Writings

“John Law’s role in resolving the Water Diamond Paradox has been largely forgotten. The name now associated with it is another Scottish economist, Adam Smith. Writing over seventy years after the publication of 'Money and Trade Considered', Smith’s celebrated restatement of the paradox of value, in 'An Inquiry into the Nature and Causes of the Wealth of Nations' is astonishing not for its originality, but for its similarity with John Law’s resolution decades before.”

Economics Wealth Of Nations Adam Smith John Law Money And Trade Considered Gavin John Adams Paradox Of Value Water Diamond Paradox

Book:John Law: The Lauriston Lecture and Collected Writings

Source: John Law: The Lauriston Lecture and Collected Writings