An Essay on Economic Theory By Richard Cantillon


Widely credited with being the first to describe the market process as one driven by entrepreneurship, Richard Cantillon’s Essai sur la Nature du Commerce en Général preceded Adam Smith by a generation. Unlike any previous writer, Cantillon explicated the vital role of the entrepreneur with perception and vigor.

William Stanley Jevons, in the first blush of discovery, proclaimed Cantillon’s Essai, “the cradle of political economy.”

And Murray Rothbard called Cantillon the “founding father of modern economics.”

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  • Jeffrey Tucker

    An Essay on Economic Theory

    An Essay on Economic Theory by Richard Cantillon Richard Cantillon’s Essay is the foundation of business cycle theory. He shows the complexity of the capital structure and how it is affected by interest rates. It remains a remarkable exposition. Kick off the discussion! Questions, comments, observations or elaborations? Either reply here or create a new discussion using the tag Library_An Essay on Economic Theory

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