Dear all,

The initial query of David Colander was the 
"relationships between bubbles and the 
development of economics. (…) the impact of  (…) 
the earlier sea south bubble or Mississippi bubble on economic thinking?".

In my opinion the greatest influence was the 
rejection by the first classics of innovations in 
banks and finance. Tony Brewer rightly mentioned 
Cantillon and quoted Anton Murphy. I would 
mention the Physiocratic school and David Hume.

On the other hand Nesrine Bentemessek mentioned 
the very interesting and contrasted attitude of 
James Steuart. And James Steuart had an (unknown) 
influence on Adam Smith. This last did not rejoin 
James Steuart about Public debt liquidity and 
innovations in finance but he followed him in 
several aspects of its analysis of banks.

In the end, the neglect of James Steuart in the 
history of economic thought is perhaps an impact of the 1720 bubbles.

Best

Jérôme de Boyer