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LAW, John

"
Dictionary of Economics

LAW, John (Proper noun)

(Dictionary of Economics) :
(1671-1729). İskoçyalı para reformcusu. İskoçyanın mali buhrandan nasıl kurtarılabileceğine ilişkin olarak hazırladığı, bankacılıkta reform planı İskoç parlamentosunda birkaç kez geri çevrilmesinden sonra, Law 1716da planını Fransada deneme zini almıştır. Hükümdarı kaıt paranın da altın sikkeler kadar kolay tedavül edebileceğine inandırmaya çalışmış, zenginlik ve refahın altın stokuna değil, ticaret hayatının canlı tutulmasına bağlı olduğunu ileri sürmüştür. Altın ve gümüş olmaksızın da, kağıt para basarak piyasaya hareket verebileceğini savunmuş, Pariste Banknot çıkarmaya yetkili bir banka kuran Fransız hükümeti başına Lawı getirmiştir. Banque Generale adını taşıyan bu bankanın dörtte bir altın ve gümüş karşılığa dayanarak çıkarttığı banknotlar başlangıçta itibar görmüştür. Ancak sonraları Lawın giriştiği denizaşırı faaliyetler ve kendi istemi dışında bulaşmış olduğu spekülatif oyunlar ve siyasi entrikalar, Lawın banknot çıkarma imtiyazını suistimal etmesine yolaçmış, piyasada banknota olan güveni sarsmıştır. Bu güvensizlik Fransada uzun yıllar etkisini sürdürmüştür.
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