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Richard Cantillon (French: [kɑ̃tijɔ̃]; 1680s – May 1734) was an Irish-French economist and author of Essai Sur La Nature Du Commerce En Général (Essay on the Nature of Trade in General), a book considered by William Stanley Jevons to be the "cradle of political economy". [4]
He became instrumental in popularizing the work of Richard Cantillon in France. [3] Gournay was appointed an intendant du commerce in 1751. One of the main themes of his term in office was his opposition to government regulations because of what he saw as the way they stunted commerce.
Essay on the Nature of Trade in General (French: Essai sur la Nature du Commerce en Général) is a book about economics by Richard Cantillon written around 1730, and published in French in 1755. This book was considered by William Stanley Jevons to be the "cradle of political economy ".
Physiocracy (French: physiocratie; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists. They believed that the wealth of nations derived solely from the value of "land agriculture" or " land development " and that agricultural products should be highly ...
Jean-Baptiste Say (French: [ʒɑ̃batist sɛ]; 5 January 1767 – 15 November 1832) was a liberal French economist and businessman who argued in favor of competition, free trade and lifting restraints on business.
Whilst Richard Cantillon had imitated Isaac Newton's mechanical physics of inertia and gravity in competition and the market, [42] the physiocrats had copied the body's blood system into circular flow of income models, William Jevons had found growth cycles to match the periodicity of sunspots, Samuelson adapted thermodynamics formulae to ...
Among other subjects, Higgs wrote on the economist Richard Cantillon and edited what became the standard version of Cantillon's Essai sur la nature du commerce en général. [3] He also wrote on the Physiocrats , [ 4 ] the financial system of the United Kingdom, [ 5 ] [ 6 ] and financial reform. [ 7 ]
Vernon Louis Parrington notes him as an early expositor of the labour theory of value as discussed in Treatise of Taxes in 1692. [22] He influenced several future economists, including Richard Cantillon, Adam Smith, Karl Marx, and John Maynard Keynes. Petty and Adam Smith shared a worldview that believed in a harmonious natural world.