Do financial instruments count as technology?

A broker converting coin into MIssissippi stock in the Dutch print series, Het grote tafereel der dwaasheid, The great scene of folly.

A broker converting coin into MIssissippi stock in the Dutch print series, Het grote tafereel der dwaasheid, The great scene of folly.

Re this, JB comments that showing any kind of relationship between financial and technological innovation is kind of hard, but rather liked this illustration – of what happens when you let an entrepreneur also run monetary policy. (When was Spain’s first bubble? Spanish Wikipedia is big on Anglo disasters, but doesn’t mention Spanish railways in the 1860s, etc etc.)

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Published
Last updated 23/10/2012

This post pre-dates my organ-grinding days, and may be imported from elsewhere.

Financial instrument (1): Financial instruments are monetary contracts between parties.

John Law (economist) (1): John Law was a Scottish economist who believed that money was only a means of exchange that did not constitute wealth in itself and that national wealth depended on trade. In 1716 Law established the Banque Générale, a private bank, in France.

Kaleboel (4325):

Mississippi Company (1): The Mississippi Company was a corporation holding a business monopoly in French colonies in North America and the West Indies.


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