Vol. 47 No. 11 (2017)
DEBATES

John Law and his inFluence on the Stolypin Club

A. Balabin
Institute of Economics and Industrial Engineering SB RAS, Novosibirsk State Technical University
Bio

Published 2018-07-09

Keywords

  • XVIII ВЕК,
  • МONETARY POLICY,
  • ISSUANCE OF CURRENCY,
  • PAPER MONEY,
  • STATE BANK,
  • GOVERNMENT SECURITIES,
  • PUBLIC DEBT,
  • JOHN LAW,
  • FRANCE,
  • 18TH CENTURY,
  • STOLYPIN CLUB,
  • QUANTITATIVE EASING PROGRAM,
  • FINANCIAL PYRAMID
  • ...More
    Less

How to Cite

1.
Balabin А. John Law and his inFluence on the Stolypin Club. ECO [Internet]. 2018 Jul. 9 [cited 2024 Nov. 4];47(11):109-26. Available from: https://ecotrends.ru/index.php/eco/article/view/1398

Abstract

The article focuses on popular ideas of the economy can be stimulated through easing monetary policy by issuance of currency. In this context the economic concept of John Law, leading French financier in the early 18th century, are considered here. The actual results of his program on reforming the monetary circulation are also covered. The basic point of the reform was the attempt to replace gold-silver standard by paper money using the last one as an instrument for stimulating French economy. The influence of Low's ideas on modern program of reforming the Russian economy is discussed.

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