26 March 2025 | Author/Destination: Editorial / Redaktion | Category: Portrait
Reading Time: 11 minutes
John Law by Casimir Balthazar © Rama
John Law was a Scottish-French
economist and
financier. He served as Controller General of Finances under
Philippe II, Duke of Orléans, who was regent for the juvenile
Louis XV of France, and promoted a novel financial scheme for French public finances known as Law’s System (
French: le système de Law) with two institutions at its core,
John Law’s Bank and
John Law’s Company.
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8 February 2014 | Author/Destination: Editorial / Redaktion | Category: Portrait
Reading Time: 18 minutes
19th-century building at the location where Adam Smith lived (1767-1776) and wrote “The Wealth of Nations” © Kilnburn
Adam Smith was a Scottish
moral philosopher and a pioneer of
political economy from
Kirkcaldy. One of the key figures of the
Scottish Enlightenment, Smith is best known for two classic works:
The Theory of Moral Sentiments (1759), and
An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as
The Wealth of Nations, is considered his
magnum opus and the first modern work of economics. Smith is cited as the “father of
modern economics” and is still among the most influential thinkers in the field of economics today.
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