{"product_id":"money-and-trade-considered","title":"Money and Trade Considered","description":"Money and Trade Considered by John Law, Esq. is one of the earliest and most influential treatises on monetary theory in Western economics. First published in 1705, this foundational work explores the complex interrelationship between money, trade, and national prosperity, and was instrumental in shaping modern financial thought. John Law, a Scottish economist, banker, and financial innovator, wrote this text in the aftermath of economic distress caused by the scarcity of metallic currency. His purpose was to propose practical remedies for the economic difficulties faced by Scotland and similar nations due to monetary shortages. The book is structured around three primary inquiries: The nature of money and the historical preference for silver over other goods. The role of money in facilitating trade, with a discussion on how credit and currency supply affect national and international commerce. A critical examination of past and proposed measures to preserve and increase monetary circulation. Law challenges the conventional view of money as merely precious metal, advocating instead for a credit-based monetary system backed by land and other assets—an idea far ahead of its time. His proposal for a land-backed national bank ultimately laid the groundwork for his later economic experiments in France and prefigured modern central banking practices. This seminal work influenced both classical and modern economists and remains essential reading for students of monetary policy, economic historians, and financial theorists. Laws innovative thinking is particularly relevant in times of economic crisis when traditional currency systems face stress or transformation.","brand":"DD Sales","offers":[{"title":"Default Title","offer_id":53572672192791,"sku":"9789371247719","price":189.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0679\/6918\/8119\/files\/3527916.webp?v=1782371728","url":"https:\/\/payment.letskitaboo.com\/products\/money-and-trade-considered","provider":"Kitaboo One eStore","version":"1.0","type":"link"}