Irish-French economist and banker (c. 1680 – 1734)
Richard Cantillon
Born
1680s[1]
Tralee, County Kerry, Ireland
Died
1734[2] (aged about 54)
London, England, Great Britain
Era
Age of Reason
Region
Western philosophy
School
Physiocracy
Main interests
Political economy
Notable ideas
Entrepreneur as risk-bearer, monetary theory, spatial economics, theory of population growth, cause and effect methodology
Signature
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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] Although little information exists on Cantillon's life, it is known that he became a successful banker and merchant at an early age. His success was largely derived from the political and business connections he made through his family and through an early employer, James Brydges. During the late 1710s and early 1720s, Cantillon speculated in, and later helped fund, John Law's Mississippi Company, from which he acquired great wealth. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, and even murder plots until his death in 1734.
Essai remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, but was not published until 1755. His work was translated into Spanish by Gaspar Melchor de Jovellanos, probably in the late 1770s, and considered essential reading for political economy. Despite having much influence on the early development of the physiocrat and classical schools of thought, Essai was largely forgotten until its rediscovery by Jevons in the late 19th century.[5] Cantillon was influenced by his experiences as a banker, and especially by the speculative bubble of John Law's Mississippi Company. He was also heavily influenced by prior economists, especially William Petty.
Essai is considered the first complete treatise on economics, with numerous contributions to the science. These contributions include: his cause and effect methodology, monetary theories, his conception of the entrepreneur as a risk-bearer, and the development of spatial economics. Cantillon's Essai had significant influence on the early development of political economy, including the works of Adam Smith, Anne Turgot, Jean-Baptiste Say, Frédéric Bastiat and François Quesnay.[6]
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^Nevin, Seamus (2013). "Richard Cantillon: The Father of Economics". History Ireland. 21 (2): 20–23. JSTOR 41827152.
RichardCantillon (French: [kɑ̃tijɔ̃]; 1680s – May 1734) was an Irish-French economist and author of Essai Sur La Nature Du Commerce En Général (Essay...
The idea of the circular flow was already present in the work of RichardCantillon. François Quesnay developed and visualized this concept in the so-called...
failed assassin Paddy Cantillon (fl. 1901), Irish hurler. Phil Cantillon (born 1976), British rugby league footballer. RichardCantillon (c. 1680–1734), Irish-French...
criticized by many scholars such as Kilby (1971) and Kunkel (1971). RichardCantillon (1680?-1734) was the earliest scholar of whom we know that paid considerable...
to political economy was undoubtedly his work on a manuscript of RichardCantillon's Essai sur la nature du commerce en général, which he had in his possession...
sur la Nature du Commerce en Général) is a book about economics by RichardCantillon written around 1730, and published in French in 1755. This book was...
Smith's invisible hand argumentation may have also been influenced by RichardCantillon and his model of the isolated estate. Because of the modern use of...
N. (2006). "Chapter 12 — The founding father of modern economics: RichardCantillon". Economic thought before Adam Smith: An Austrian Perspective on the...
important theorists. He became instrumental in popularizing the work of RichardCantillon in France. Gournay was appointed an intendant du commerce in 1751...
to Yogya and renames the city Yogyakarta. 1755: Demand-Supply by RichardCantillon published in French. 1756–1763: The Seven Years' War is fought among...
cinnamon” as far back as 1494. 1730: The concept of an entrepreneur - RichardCantillon. 1805: Beaufort scale created by Francis Beaufort. 1809: Milk of Magnesia...
He was buried in the church San Moisè in Venice. Companies portal RichardCantillon – banker who made an early profit from the company South Sea Bubble...
marathon in June and an annual summer festival in July.[citation needed] RichardCantillon, economic theorist and coiner of the term entrepreneur. Don O'Neill...
44). Both of these would be prime sources of taxable income. Like RichardCantillon after him, he sought to devise some equation or par between the "mother...
praxeological methodology previously used by classical economists including RichardCantillon, Anne-Robert-Jacques Turgot, Jean-Baptiste Say and Frédéric Bastiat...
influential in neo-classical microeconomic theory to this day; while RichardCantillon inspired Adam Smith, among others. John B. Cosgrave was a specialist...
utility. While others should get some credit for earlier work (e.g., RichardCantillon, Etienne Bonnot de Condillac, David Hume, Sir James D. Steuart, and...
factors spurred the advancement of economic thought. For instance, RichardCantillon (1680–1734) consciously imitated Newton's forces of inertia and gravity...
Horatio Kitchener Richard Kelliher Jennifer Musa Charlie Daly Maurice Moynihan Patrick Edward Connor William Melville RichardCantillon John Connors Saint...
who opposed tariffs and customs duties and advocated free trade. RichardCantillon defined long-run equilibrium as the balance of flows of income and...
rise of Marxism. Rothbard praised Smith's contemporaries, including RichardCantillon, Anne Robert Jacques Turgot and Étienne Bonnot de Condillac, for developing...
Professor of International and Public Affairs at Columbia University RichardCantillon (c. 1680–1734), Irish-French, economist and author of Essay on the...
Mathematico-Logical Memoirs", Nature, Vol. XXIII, 24 March 1881. "RichardCantillon and the Nationality of Political Economy", The Contemporary Review...
28 – Rob Roy MacGregor, Scottish clan chief (b. 1671) date unknown RichardCantillon, Irish-French economist and author Étienne de Veniard, Sieur de Bourgmont...
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