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En mayo de 1734 se produjo un incendio en una casa del barrio londinense de Mayfair. Entre los escombros apareció un cuerpo calcinado hasta tal punto que era irreconocible. La justicia concluyó que era el dueño de la casa, un banquero irlandés retirado llamado Richard Cantillon, pero el caso no cuadraba. El fuego se había declarado en la habitación en la que guardaba sus papeles, los criados sobrevivieron todos y meses después desembarcó en Surinam un tal señor Savigni con documentos personales del difunto. La sospecha de que Cantillon fingiese su propia muerte para librarse de pleitos y acreedores no ha sido demostrada, pero tampoco descartada. Cuarenta años antes otro cadáver dio origen a la carrera del segundo protagonista. En 1694 el escocés John Law mató en duelo a Edward Wilson en Londres, fue condenado a muerte por asesinato, se fugó de prisión y se estableció en el continente. Law, hijo de un orfebre de Edimburgo, creció viendo cómo los recibos de depósito de su padre circulaban como si fueran oro, a partir de ahí dedujo que el dinero no vale por sí mismo, sino por la confianza que inspira. Durante veinte años vivió del cálculo de probabilidades apostando en timbas de naipes por toda Europa mientras estudiaba el funcionamiento del Wisselbank de Ámsterdam y del recién nacido Banco de Inglaterra. En 1705 propuso que se crease un gran banco nacional emisor de papel moneda. En Escocia e Italia rechazaron la idea, pero no en Francia, donde encontró un terreno fértil. Cantillon pertenecía a la nobleza católica irlandesa arruinada por las confiscaciones. Aprendió la lección contraria, solo es seguro el patrimonio que se puede mover rápido. Pasó por varias ciudades comerciales como Burdeos, Nantes y Cádiz y fue el primero en dar naturaleza económica al término empresario. Un empresario era para Cantillon todo aquel que compra a precios ciertos para vender a precios inciertos, luego, soportando esa incertidumbre, ajusta la producción a la demanda sin que nadie lo dirija. Esta es la primera descripción funcional del mercado medio siglo antes de Adam Smith. Francia puso el escenario a ambos. Luis XIV murió en 1715 dejando una deuda gigantesca que ahogaba al Tesoro. El regente, Felipe de Orleans, dio vía libre a Law, a quien conocía de las partidas de cartas. En 1716 fundó la Banque Générale, que compraba deuda incobrable del Tesoro y emitía dinero contra ella. Durante dos años funcionó realmente bien. En 1717 creó la Compañía de Occidente sobre el monopolio de la colonia de Luisiana. Más tarde fue absorbiendo el comercio exterior, la recaudación de impuestos, ciertos monopolios como el del tabaco y la Casa de la Moneda. El circuito se terminó cerrando en un bucle diabólico. El banco imprimía billetes, los billetes compraban acciones y las acciones sostenían la deuda. El precio de las acciones se disparó convirtiendo a muchos parisinos en millonarios de la noche a la mañana. El regente le premio nombrándole controlador general de Finanzas. Cantillon también estaba en París en esa misma época y participaba del esquema de Law, pero desde dentro. Prestaba a nobles para comprar acciones y se quedaba los títulos en prenda hasta que, llegado un momento, los vendió cerca del máximo y exigió el cobro en metálico. Salió de Francia con más de 20 millones de libras y apostó contra los mismos billetes que le habían hecho rico. Años más tarde explicó por qué lo hizo. Sabía que el dinero nuevo no sube todos los precios a la vez, beneficia a quien lo recibe primero y perjudica a todos los demás. A eso en economía se le conoce como efecto Cantillon. El sistema saltó por los aires en 1720 dejando la ruina tras de sí. Law consiguió huir, trató de convencer a otros soberanos para que hiciesen lo mismo, pero nadie confiaba en él. Murió pobre en Venecia en 1729 solo cinco años antes de que Cantillon desapareciese en Londres. El primero tuvo un humilde entierro en una iglesia veneciana, del segundo nunca más se supo. Para profundizar en estas dos fascinantes historias nos acompaña Marta Caniego, que las conoce bien porque las ha tratado en Relatos de la Historia. Bibliografía: “John Law” de James Buchan - https://amzn.to/3UpmXl5 “Ensayo sobre la naturaleza del comercio” de Richard Cantillon - https://amzn.to/4x3Qte0 “Richard Cantillon: Entrepreneur and Economist” de Antoin E. Murphy - https://amzn.to/4hYIYBa #FernandoDiazVillanueva #richardcantillon #johnlaw Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals
Being an executor for a loved one who has recently died can be a stressful task at an already difficult time. But you can learn lessons from those who have taken on the role before.In this episode, Which? researcher Holly Lanyon tells us what she found when speaking to executors, and what tips they'd share to people who are lined up for the role in the future.Plus, from the Which? Legal team, James Buchan explains why it's important for executors to be organised and the penalties that you could incur if you do things wrong. Read more advice on how to be a good executor on our website & sign up for our free weekly Money newsletterGet in touch with us via email - podcasts@which.co.ukPodcast listeners can get 50% off an annual Which? membershipBecome a Which? Money member to access 1-to-1 guidance and receive the Money magazine
Settling the affairs of a loved one is never easy, but new research from Which? shows that banks and the probate service are causing unnecessary delays. In this episode, we're joined by Which? Money journalist Holly Lanyon, and James Buchan from Which? Legal to explain what's going wrong, and what you can do to make the process as easy as possible. Read more about how to deal with banks after death & sign up to our free weekly Money newsletter Find out how the Which? Legal service can help you Click here to send us an email Get 50% off an annual Which? membership Become a Which? Money member
It may seem like something you don't need to think about right now, but the general advice is that everybody should have a will just in case. Which? Wills expert James Buchan, and Lucinda Frostick, the Director of Remember A Charity explain what they are, what they should include, and how you go about making one. Get 30% off Which?'s Premium Will service & sign up to our free weekly Money newsletter. Get 50% off a Which? membership.
Professor James Buchan This episode was recorded live at the NSWNMA 78th Annual Conference 2023. MC - Sophie Scott
In our third installment of the podcast series "Digital Twins: The Gateway to Autonomous Industrial Facilities", we examine Harbour Energy's digital twin initiative - what has been achieved and how the platform is used to ensure collaborative execution of sustaining engineering projects. This episode is hosted by Adrian Park, Vice President of Pre-Sales at Hexagon's Asset Lifecycle Intelligence division, and he is joined by James Sitter, Harbour Energy's VP of Modifications and Project Services, and James Buchan, Technical Data Team Lead at Harbour Energy. This podcast series is created in partnership with Petroleum Economist and also broadcasts on PE Live Podcasts.
SUSTAIN AND RETAIN Prof James Buchan is a Adjunct Professor at UTS in Sydney, and a Senior Fellow at the Health Foundation in the UK. He is currently working as a consultant with ICN and with WHO. His background includes employment with Health Workforce Australia, and more recently as an advisor to the Scottish government health workforce department during the Covid- 19 pandemic. Here he speaks at the NSWNMA 77th Annual Conference in Sydney (originally recorded 3/8/22)
What sparks a lifelong love of reading? Francis Spufford, author of The Child that Books Built, and Emily Drabble of the children’s reading charity BookTrust, delve into bookshelves past and present with the Slightly Foxed Editors to understand the alchemy that ignites the spark. From books as seductive objects, the haphazardness of alphabetical organization and disappearing libraries to the joys of cover-to-cover reading and books being doorways to new worlds, the conversation reveals what a passion for reading can bring to our lives. In this month’s dip into the magazine’s archives Ysenda Maxtone Graham gives tried and tested tips for reading aloud, grappling with Tolkien pronunciations along the way, and there’s the usual round-up of recommendations for reading off the beaten track. Please find links to books, articles, and further reading listed below. The digits in brackets following each listing refer to the minute and second they are mentioned. (Episode duration: 36 minutes; 57 seconds) Books Mentioned We may be able to get hold of second-hand copies of the out-of-print titles listed below. Please get in touch (mailto:anna@foxedquarterly.com) with Anna in the Slightly Foxed office for more information. - Golden Hill (https://foxedquarterly.com/shop/francis-spufford-golden-hill/) , Francis Spufford (2:23) - The Child that Books Built (https://foxedquarterly.com/shop/francis-spufford-child-books-built/) , Francis Spufford (2:50) - The Hobbit (https://foxedquarterly.com/shop/tolkien-the-hobbit/) , J. R. R. Tolkien (3:58) - The Jinny books by Patricia Leitch are out of print (4:46) - Swallows and Amazons (https://foxedquarterly.com/shop/arthur-ransome-swallows-and-amazons/) , Arthur Ransome (5:36) - High Rise Mystery (https://www.booktrust.org.uk/book/h/high-rise-mystery/) , Sharna Jackson (16:35) - Burglar Bill (https://foxedquarterly.com/shop/janet-and-allan-ahlberg-burglar-bill) , Janet & Allan Ahlberg (19:50) - So Much (https://foxedquarterly.com/shop/trish-cooke-helen-oxenbury-so-much/) , Trish Cooke, illus. Helen Oxenbury (20:04) - The Boy in the Black Suit (https://foxedquarterly.com/shop/jason-reynolds-the-boy-in-the-black-suit) , Jason Reynolds (32:45) - The Cazalet Chronicles (https://foxedquarterly.com/shop/the-cazalet-chronicles/) , Elizabeth Jane Howard (33:27) - The Gate of Air, James Buchan is out of print (34:16) - Wave Me Goodbye: Stories of the Second World War (https://foxedquarterly.com/shop/anne-boston-wave-me-goodbye/) , ed. Anne Boston (35:21) Related Slightly Foxed Articles - Laura, Louisa and Me (https://foxedquarterly.com/daisy-hay-childhood-reading-literary-review/) , Daisy Hay on her childhood reading and The Child that Books Built in Issue 31 (2:50) - Three in a Bed (https://foxedquarterly.com/ysenda-maxtone-graham-reading-aloud-literary-review/) , Ysenda Maxtone Graham on reading aloud in Issue 40 (25.18) Other Links - BookTrust (https://www.booktrust.org.uk/) is the UK’s largest children’s reading charity. They are dedicated to getting children reading, and each year they reach 3.9 million children across the UK with books, resources and support to help develop a love of reading (3:00) Opening music: Preludio from Violin Partita No.3 in E Major by Bach Reading music: The Bluff Trail by Chad Crouch, from Album Field Report Vol 1, made available as Creative Commons thanks to http://www.freemusicarchive.org The Slightly Foxed Podcast is hosted by Philippa Lamb and produced by Podcastable (https://www.podcastable.co.uk/)
Learn Australian English in this interview episode of Aussie English where I chat with James Buchan about buying your first house in Australia.
Functions of money. Ripping a bill in half. A little more on the etymological background of interest as breeding. Usura Canto in Pound, with youtube audio of him reading it. Kinds of wealth in The Merchant of Venice, following James Buchan.
It's the latest Two Mikes book review as Mike Parry guides Mike Graham through the pages of Vietnam: An Epic Tragedy by Sir Max Hastings, Moneyland: Why Thieves and Crooks Now Rule The World by Oliver Bullock, and John Law: A Scottish Adventurer of the Eighteenth Century by James Buchan...
Learn Australian English in this interview episode of The Aussie English Podcast where I talk to my mate James Buchan about how to sell a car in Australia.
Learn Australian English in this interview episode of The Aussie English Podcast where I interview James Buchan about hipster coffee, craft beers, & the Holden-Ford rivalry in Australia.
Learn Australian English in this interview episode of the Aussie English Podcast where James Buchan tells us how to buy a car in Australia!
Learn Australian English in this interview episode of Aussie English where I chat with my mate James about rev heads, car accidents, & car culture in Australia!
Dustin returns to the show as FYC's intrepid hosts dip back into the BFI's Top 100 Greatest British Films list and tangle with Alfred Hitchcock's 1935 espionage thriller, The 39 Steps. Will Hitch's famous adaptation of the James Buchan novel stand up to the scrutiny of Mike and Dustin? Will Mr. Memory be able to weather their array of questions and concerns? Be sure to check out this week's episode to see how the film fares. This week also features our first poll results and listener feedback. MUSIC Opening Titles (Louis Levy & Jack Beaver) LINKS/NOTES The 39 Steps on the Alfred Hitchcock Wiki The BFI Top 100 Greatest British Films Film clips of The 39 Steps at the TCM website The 39 Steps at Criterion.com
Critic Kevin Jackson and Andrew Biswell join Samira Ahmed to review Napoleon Rising, a play by Anthony Burgess, ahead of its world premiere on Radio 3 on 2nd December. Samira will also be weighing up the latest film adaptation of Great Expectations with its screenwriter, David Nicholls. Designer Tom Dixon and historian Amanda Vickery review the V&A Museum's new furniture wing. And writer and journalist James Buchan and Azar Nafisi reflect on the legacy of the 1979 Iranian revolution.
James Buchan, Professor & Professional Fellow, Queen Margaret University,(UK), UTS & AHWI.
James Buchan, Professor & Professional Fellow, Queen Margaret University,(UK), UTS & AHWI.