An Essay on Economic Theory

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An Essay on Economic Theory

  • An Essay on Economic Theory by Richard Cantillon

Tags Austrian Economics Overview

12/31/2014Richard Cantillon

Cantillon's Essai sur la Nature du Commerce en Général should be rightfully considered one of the most important books ever written. It is the first statement of economic theory and not just a single or limited breakthrough, but a comprehensive treatment that explains the organization of commercial society. Prior to Cantillon, writings about the economy were largely driven by considerations of religion, ideology, and interests groups. After Cantillon, there was a scientific model that could be understood and applied. Most importantly, when it was properly understood and applied, it unleashed the market economy and generated great prosperity (from the Introduction).

This audio book is made available through the generosity of Mr. Tyler Folger. It is narrated by Millian Quinteros.

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Richard Cantillon

The honor of being called the "father of modern economics" belongs not to its usual recipient, Adam Smith, but to a gallicized Irish merchant, banker, and adventurer who wrote the first treatise on economics more than four decades before the publication of the Wealth of Nations. Richard Cantillon (1680s–1734) — a proto-Austrian — is one of the most fascinating characters in the history of social or economic thought.

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