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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".
May 9, 2024 · Richard Cantillon was an Irish economist and financier who wrote one of the earliest treatises on modern economics. Cantillon was an Irishman of Norman origins and Jacobite connections who spent much of his life in France. He took over the bankrupt banking business of an uncle of the same name in.
Richard Cantillon (1755) is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy. Cantillon described entrepreneurship as pervasive and endowed the entrepreneur with the most pivotal role.
- 260KB
- Chris Brown, Mark Thornton
- 13
- 2011
Jan 12, 1989 · This book analyses the career and writings of the enigmatic Irish‐born economist Richard Cantillon, a banker and entrepreneur. Cantillon's work is examined in the context of the stock market speculation generated by John Law's Mississippi System and the South Sea Bubble of 1720.
The entrepreneur is the highly visible hand that ensures that markets work. The introduction of the entrepreneur into the production and exchange network served to illustrate the circular flow of production income and expenditure for which Cantillon has been so highly praised.
Richard Cantillon, 1697–1734: the Entrepreneur in Agriculture and Trade. Richard Cantillon, son of Philip Cantillon of Ballyheigue, was born in Ireland in 1697 (the date is uncertain). The Cantillons went to Ireland during the early Norman period and later became devoted to the Stuart cause.
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According to Cantillon, successful entrepreneurs perform a key role in the economy by relieving the paralysis engendered by uncertainty, allowing production and exchange to occur and market equilibrium to be attained.
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