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Item Details
Title: "I AM NOT MASTER OF EVENTS"
THE SPECULATION OF JOHN LAW AND LORD LONDONDERRY IN THE MISSISSIPPI AND SOUTH SEA BUBBLES
By: Larry Neal
Format: Hardback

List price: £44.00
Our price: £39.60
Discount:
10% off
You save: £4.40
ISBN 10: 0300153163
ISBN 13: 9780300153163
Availability: Usually dispatched within 1-3 weeks.
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Stock: Currently 0 available
Publisher: YALE UNIVERSITY PRESS
Pub. date: 24 January, 2012
Series: Yale Series in Economic and Financial History
Pages: 224
Description: Two of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances, both considered financial geniuses while their fortunes lasted, The Mississippi Bubble and The South Sea Bubble. This book tells the story of these two financial schemes.
Synopsis: 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.
Illustrations: 10 b-w illus.
Publication: US
Imprint: Yale University Press
Returns: Returnable
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