The Politics of Utopia
Arnaud Orain
The Politics of Utopia
Arnaud Orain
A fascinating retelling of the first banking and financial collapse in eighteenth-century France.
The Scottish economist John Law has been described as the architect of modern central banking. His "System," established in Regency France between 1716 and 1720, saw the founding of a bank issuing paper money and the establishment of State commercial and colonial enterprises aimed at consolidating public debt. What at first seemed like financial wizardry, however, resulted in rampant speculation and economic collapse. In The Politics of Utopia, Arnaud Orain offers a provocative rereading of this well-known episode.
Starting in the seventeenth century, he reconstructs the figures and ideas, long predating Law, that anticipated and laid the groundwork for the System, which, he argues, is best understood as a failed social utopia aimed at the total transformation of society. Overturning familiar narratives of this seismic event, this book rewrites a stunning chapter in economic history by dealing with cultural, colonial, religious, and political dimensions of the (in)famous "System" till the French Revolution, revealing new lessons for today's fraught financial landscape.
This item is not currently in-stock. It can be ordered online and is expected to ship in 10-14 days
Our stock data is updated periodically, and availability may change throughout the day for in-demand items. Please call the relevant shop for the most current stock information. Prices are subject to change without notice.
Sign in or become a Readings Member to add this title to a wishlist.