Lettres sur le Visa des dettes de l’Etat ordonne en 1721

by Francois-Michel Chretien-Deschamps, edited by Francois R. Velde

Extent: 318 pages

Publisher: Classiques Garnier

Subjects: Business & Economics

Series: Ecrits sur l'economie

Series volume number: 5

Language: French

Paperback (Published)

(December 2015)

ISBN: 9782812450372

Price: $55.00

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Synopsis
Contributing Authors
Reviews

This previously unpublished text retraces the restructuring of French public debt after the disastrous System of Law in 1721. Written from the inside, it sheds light on motives and retraces the details of an unprecedented operation which impacted on half a million people and allowed the State to turn the page.

By (author) Francois-Michel Chretien-Deschamps
Edited by Francois R Velde

Review - French En 1721, la France mit fin a une experience monetaire et fiscale desastreuse. Une tentative pour convertir la dette publique l'avait transformee en une masse de papiers varies et de valeur incertaine. La monarchie dite absolue refusa un defaut brutal et choisit de restructurer sa dette creancier par creancier, pour concilier l'interet du public avec celui des particuliers . Les architectes de cette operation d'une complexite inouie en firent ecrire l'histoire, publiee ici pour la premiere fois, detaillant motifs, principes et methodes. L'introduction replace l'operation du Visa dans son contexte et en fait le bilan. Un des appendices traite l'affaire de corruption, severement reprimee, qu'elle occasionna.
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