Value and Exchange

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An Essay on Economic Theory by Richard Cantillon

1.12. All Classes and Individuals in a State Subsist or Grow Rich at the Expense of the Property Owners

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Cantillon develops a circular-flow model of the economy that shows the distribution of farm production between property owners, farmers, and workers.

2.5. The inequality of the circulation of hard money in a State

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

If factories were permitted in rural areas, basic commodities could be turned into goods, which could then be sent to the cities at a much lower transport cost.

3.7. Further Explanations and Enquiries as to the Utility of a National Bank

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

National Banks are of little utility and can be the source of economic chaos.

1.7. The Labor of the Plowman is of Less Value than that of the Artisan

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Skilled workers must be paid higher wages than unskilled workers.

1.17. Metals and Money, and especially of Gold and Silver

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Gold and silver hold many advantages over other goods, such as durability, divisibility, transportability, and homogeneity

2.10. The Causes of Increases and Decreases of the Interest Rate on Money in a State

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

The interest rate is a critical factor in the valuation of assets.

1.10. The Price and Intrinsic Value of a Thing, in General, is the Measurement of the Land and Labor, which enter into its Production

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Intrinsic value can be measured by the quantity of land and laborers, taking into account the quality of land and labor.

2.3. The Circulation of Money

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

The circular flow model of the economy explains the implications of international trade.

3.3. Further Explanations on the Nature of Exchanges

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Exchange rates are a function of the balance of trade and other factors.

Diversity in Goals Brings Diversity in Value

Tags: Prices, Value and Exchange

11/24/2014 Frank Shostak

Every person has different goals for himself, which means everyone will value differently the means to attain those ends.

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