An Essay on Economic Theory

An Essay on Economic Theory

December 31, 2014
Published in 1755, Cantillon's Essai sur la Nature du Commerce en Général is a comprehensive treatment that explains the organization of commercial society. Download the complete audio book...

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Foreword to An Essay on Economic Theory

December 31, 2014
The foreword to a new and improved translation of Cantillon’s famous work...

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Introduction to An Essay on Economic Theory

December 31, 2014
Mark Thornton and Chantal Saucier's Introduction to the new translation of Richard Cantillon's An Essay on Economic Theory ...

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1.1. Wealth

December 31, 2014
Cantillon defines wealth as the consumption goods produced by land and labor.

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1.2. Human Societies

December 1, 2014
All human societies are based on a system of property rights.

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1.3. Villages

December 1, 2014
Cantillon explains that settlements are based on the requirements of production, especially the quantity of labor, and the extent of the specialization and division of labor.

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1.4. Market Towns

December 1, 2014
Entrepreneurs establish markets in centrally located villages which provide the necessary conditions under which prices are established between supply and demand.

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1.5. Cities

December 1, 2014
Property owners who live far from their lands experience a reduction in income proportional to the cost of transporting their production to market.

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1.6. Capital Cities

December 1, 2014
Wherever a government establishes its capital, the city will grow in size.

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