# John Law

> Scottish economist and banker (1671-1729)

**Wikidata**: [Q312694](https://www.wikidata.org/wiki/Q312694)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/John_Law_(economist))  
**Source**: https://4ort.xyz/entity/john-law

## Summary
John Law was a Scottish economist, banker, and financier who lived from 1671 to 1729. A professional in the discipline of economics, he held citizenship in both the Kingdom of Scotland and the Kingdom of Great Britain and was a member of the French Academy of Sciences. He is also known by the alias John Law of Lauriston.

## Biography
- **Born:** April 21, 1671
- **Nationality:** Kingdom of Scotland, Kingdom of Great Britain
- **Education:** [Data not available in source]
- **Known for:** Work as an economist, banker, financier, and statistician
- **Employer(s):** [Data not available in source]
- **Field(s):** Economics

## Contributions
John Law contributed to the fields of economics and finance through his professional work as an economist, banker, and financier. As a statistician, he engaged with theoretical or applied statistics. He was also a member of the French Academy of Sciences, a learned society founded in 1666 by Louis XIV at the suggestion of Jean-Baptiste Colbert to encourage and protect the spirit of French scientific research.

## FAQs
**When was John Law born?**
John Law was born on April 21, 1671.

**What was John Law's profession?**
He was an economist, banker, financier, and statistician.

**What countries was John Law a citizen of?**
He held citizenship in the Kingdom of Scotland and the Kingdom of Great Britain.

**Was John Law a member of any scientific organizations?**
Yes, he was a member of the French Academy of Sciences.

**What is John Law's alias?**
He was also known as John Law of Lauriston.

## Why They Matter
John Law is significant as a practitioner in the social science of economics, which studies the production, distribution, and consumption of goods and services. His work as a financier placed him within the investment sectors of the Kingdom of Great Britain during a period of economic growth and the Industrial Revolution. His membership in the French Academy of Sciences associates him with an institution dedicated to the advancement of scientific research in Europe.

## Notable For
- Professional career as an economist and banker.
- Citizenship in the Kingdom of Scotland and the Kingdom of Great Britain.
- Membership in the French Academy of Sciences.
- Work as a statistician in theoretical or applied statistics.
- Operating under the alias John Law of Lauriston.

## Body
### Identity and Profession
John Law was a human and a professional in the discipline of economics. His occupations were varied, including roles as an economist, a banker, a financier, and a statistician. As a financier, he was a person who made their living from investments or financed specific ventures. In the field of statistics, he worked with theoretical or applied statistics. His professional identity is also recorded under the alias John Law of Lauriston.

### Citizenship and Geopolitical Context
John Law held citizenship in two historic sovereign states: the Kingdom of Scotland and the Kingdom of Great Britain.

**Kingdom of Scotland**
The Kingdom of Scotland was a historic sovereign kingdom on the British Isles that existed from the 9th century until 1707. It was a constitutional monarchy with Edinburgh as its capital and the pound Scots as its currency. The kingdom played a significant role in shaping the modern world through contributions to the Industrial Revolution, the American Revolution, and the Napoleonic Wars. It was dissolved on April 30, 1707, and replaced by the Kingdom of Great Britain.

**Kingdom of Great Britain**
Following the Acts of Union 1707, the Kingdom of Scotland united with the Kingdom of England to form the Kingdom of Great Britain. This new constitutional monarchy existed from 1707 to 1800, with London as its capital and the pound sterling as its currency. The Kingdom of Great Britain was a pioneer in the Industrial Revolution and a major player in global conflicts such as the Seven Years' War and the American Revolution. John Law lived during the transition from the Kingdom of Scotland to the Kingdom of Great Britain.

### Academic Affiliations
John Law was a member of the French Academy of Sciences. This learned society was founded on December 22, 1666, by Louis XIV at the suggestion of Jean-Baptiste Colbert. The institution's primary goal is to encourage and protect the spirit of French scientific research. It is headquartered in Paris, France.

### Field of Work
Law's field of work was economics. Economics is a social science that studies the production, distribution, and consumption of goods and services. It examines how individuals, businesses, and governments allocate resources to satisfy needs and wants, addressing issues like scarcity, efficiency, and market behavior. The field encompasses various branches, including microeconomics, macroeconomics, and econometrics, and is closely related to other social sciences such as sociology, political science, and psychology.

### Biographical Data
John Law was born on April 21, 1671, and died on March 21, 1729. His life spanned a significant period of European history, including the latter years of the independent Kingdom of Scotland and the early decades of the Kingdom of Great Britain. His structured biographical properties include numerous authority control identifiers, such as the ISNI (0000000110215441), VIAF (14836706), and Library of Congress Control Number (n81080996).

## References

1. Integrated Authority File
2. Great Soviet Encyclopedia (1969–1978)
3. BnF authorities
4. International Standard Name Identifier
5. CiNii Research
6. Virtual International Authority File
7. Gran Enciclopèdia Catalana
8. La France savante
9. Brockhaus Enzyklopädie
10. GeneaStar
11. Croatian Encyclopedia
12. Freebase Data Dumps. 2013
13. Norwegian Authority File: Persons and Corporate Bodies
14. [Source](http://digitale.beic.it/primo_library/libweb/action/search.do?fn=search&vid=BEIC&vl%283134987UI0%29=creator&vl%28freeText0%29=Law%20John)
15. LIBRIS. 2011
16. Golden
17. Bibliography of the History of the Czech Lands