Research Catalog

I am not master of events : the speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles

Title
I am not master of events : the speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles / Larry Neal.
Author
Neal, Larry, 1941-
Publication
New Haven : Yale University Press, ©2012.

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TextUse in library JFE 15-2378Schwarzman Building - Main Reading Room 315

Details

Description
xiv, 214 pages : illustrations; 25 cm.
Summary
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.
Series Statement
Yale series in economic and financial history
Uniform Title
Yale series in economic and financial history.
Subjects
Genre/Form
History.
Bibliography (note)
  • Includes bibliographical references and index.
Contents
Storms in the Caribbean Sea and the life of Lord Londonderry -- The War of the Spanish succession and the Jacobite Rebellion -- The diamond deal -- Learning by doing : law and Londonderry before the bet -- The bet of the bubbles -- The blowing and bursting of bubbles -- The workout -- Family problems -- Did the speculations of law and Londonderry matter? -- Epilogue.
Call Number
JFE 15-2378
ISBN
  • 9780300153163 (alk. paper)
  • 0300153163 (alk. paper)
LCCN
2011022693
OCLC
711045565
Author
Neal, Larry, 1941-
Title
I am not master of events : the speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles / Larry Neal.
Imprint
New Haven : Yale University Press, ©2012.
Type of Content
text
Type of Medium
unmediated
Type of Carrier
volume
Series
Yale series in economic and financial history
Yale series in economic and financial history.
Bibliography
Includes bibliographical references and index.
Chronological Term
1700 - 1799
Research Call Number
JFE 15-2378
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