John Law: Proto-Keynesian

Tags: Other Schools of Thought, Philosophy and Methodology, World History

11/18/2010 Murray N. Rothbard

Like today’s central bankers, John Law proposed to “supply the nation” with a sufficiency of money. The increased money was supposed to vivify trade and increase employment and production — the “employment” motif providing a nice proto-Keynesian touch, writes Murray N. Rothbard (1926–1995).

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