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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]
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 ".
In 1814, Say availed himself (to use his own words) of the relative liberty arising from the entrance of the allied powers into France to bring out a second edition of the work dedicated to the emperor Alexander I of Russia, who had professed himself his pupil. In the same year, the French government sent him to study the economic condition of ...
The entrepreneur is a factor in and the study of entrepreneurship reaches back to the work of Richard Cantillon and Adam Smith in the late 17th and early 18th centuries. However, entrepreneurship was largely ignored theoretically until the late 19th and early 20th centuries and empirically until a profound resurgence in business and economics ...
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 ...
Smith's invisible hand argumentation may have also been influenced by Richard Cantillon and his model of the isolated estate. [ 4 ] Because the modern use of this term has become a shorthand way of referring to a key neoclassical assumption, disagreements between economic ideologies are now sometimes viewed as disagreement about how well the ...
For instance, Richard Cantillon (1680–1734) consciously imitated Newton's forces of inertia and gravity in the natural world with human reason and market competition in the economic world. [42] In his Essay on the Nature of Commerce in General , he argued rational self-interest in a system of freely-adjusting markets would lead to order and ...
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 ]