Description
John Law was a Scottish-born economist who is most widely known outside of economics for his activities outside of the field, such as being a rake, duellist, and gambler. He is also known for his significant contributions to economic theory at a very early stage, but his ultimate failure is explained in the article.
John Law (1671-1729) is most widely known outside economics as a rake, duellist and gambler. This intellectual biography of the Scottish-born economic theorist and policy-maker shows him to have been a significant economic theorist when economic conceptualization was very much at an embryonic stage. It also explains his ultimate failure.