First published anonymously in 1720, Daniel Defoe’s The Chimera: Or, The French Way of Paying National Debts Laid Open is a prophetic exposé, critique and damnation of John Law’s Mississippi Scheme.
As one of the cornerstones of investigative financial journalism, The Chimera is testament to Defoe’s remarkable insight into the European economic crises of the 1720s. His contemporary dissection of the euphoria and excesses of the first ever stock market boom unleashed by John Law and the Mississippi Scheme betrays a striking prescience unequalled by any other writer of the time.
A classic propagandist pamphlet deliberately crafted to create uncertainty among the Mississippi Company investors, it correctly predicted, and helped bring about, the imminent demise of the Mississippi Scheme.
- Paperback: 142 pages
- Published: April 25, 2014
- Language: English
- ISBN-10: 1934619108
- ISBN-13: 978-1934619100
- Product Dimensions: 5.1 x 0.4 x 7.8 inches
- Shipping Weight: 7.4 ounces