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5 of 5 people found the following review helpful:
4.0 out of 5 stars
A Pioneer,
By B (New Orleans) - See all my reviews
This review is from: Essay on the Nature of Commerce in General (Paperback)
More than any other pre-Classical figure, Cantillon deserves to be considered the first legitimate economist. His treatise stands as the first systematic study of economics as a whole, interconnected system. And because of his place in the history of economic thought, it's scarcely possible to list all of his contributions to this field - contributions felt to this day. Cantillon covers, among other topics, methodology, price formation, interest, entrepreneurship (undertakers), and trade theory. One amazing feature includes his price-specie-flow mechanism, something most attribute to Hume. He is also the earliest economist that I know of to have used the term "bubbles" to describe a boom-bust cycle. But Cantillon did have flaws too. His discussion on intrinsic and market-based value, for instance, has been a source of confusion. He also favored protectionist policies for military and population purposes. At any rate, I consider this one of the most important books in economics ever written.
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Essay on the Nature of Commerce in General by Richard Cantillon (Paperback - May 31, 2001)
$24.95
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