In this Book

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The Liberty Fund edition is a modernized translation of Richard Cantillon’s Essai sur la nature du commerce en général(1755) with a new introduction by Antoin E. Murphy. In the Essay, Cantillon outlined an extraordinary model-building approach showing how the economy could be built up, through progressive stages, from a command, barter, closed economy to a market economy, which uses money and is open. Though written in the eighteenth century, the Essay has a considerable resonance for a twenty-firstcentury audience.

Antoin E. Murphy is Emeritus Professor of Economics and Fellow of Trinity College Dublin.

Table of Contents

  1. Cover
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  1. Title Page, Copyright
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  1. Contents
  2. pp. v-vii
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  1. Introduction
  2. pp. ix-xxii
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  1. Part 1
  1. 1. Of wealth
  2. pp. 3-3
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  1. 2. Of human societies
  2. pp. 3-5
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  1. 3. Of villages
  2. pp. 5-6
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  1. 4. Of market towns
  2. pp. 6-8
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  1. 5. Of cities
  2. pp. 8-9
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  1. 6. Of capital cities
  2. pp. 9-10
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  1. 7. The work of a laborer is worthless than that of a craftsman
  2. pp. 10-11
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  1. 8. Some craftsmen earn more and others less according to different cases and circumstances
  2. pp. 11-12
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  1. 9. The number of laborers, craftsmen, and others who work in a state is naturally proportioned to the need for them
  2. pp. 12-13
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  1. 10. The price and intrinsic value of a thing in general is the amount of land and labor required to produce it
  2. pp. 14-16
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  1. 11. Of the par or relation between the value of the land and the value of labor
  2. pp. 16-21
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  1. 12. All classes and men in the state are maintained or enriched at the expense of the landlords
  2. pp. 21-23
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  1. 15. The increase and decrease of the state’s population depends principally on the tastes, fashions, and modes of living of the landlords
  2. pp. 32-40
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  1. 16. The more labor in a state,the greater the extent that it is considered naturally wealthy
  2. pp. 40-44
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  1. 17. Of metals and money,particularly gold and silver
  2. pp. 44-51
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  1. Part 2
  1. 1. Of barter
  2. pp. 55-56
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  1. 2. Of market prices
  2. pp. 56-57
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  1. 3. Of the circulation of money
  2. pp. 58-65
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  1. 4. Further reflection on the rapidity or slowness of the circulation of money in exchange
  2. pp. 65-69
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  1. 5. Of the inequality in the circulation of actual money in a state
  2. pp. 69-74
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  1. 6. Of the increase and reduction in the actual quantity of money in a state
  2. pp. 74-80
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  1. 7. Continuation of the same topic relating to the increase or reduction of the actual quantity of money in a state
  2. pp. 81-83
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  1. 8. Further reflection on changes in the quantity of money in a state
  2. pp. 83-91
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  1. 9. Of the interest of money and its causes
  2. pp. 91-97
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  1. 10. The causes of the increase and decrease of the interest rate on money in a state
  2. pp. 97-101
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  1. Part 3
  1. 1. Of foreign trade
  2. pp. 105-113
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  1. 2. Of the exchanges and their nature
  2. pp. 113-118
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  1. 3. Further explanations toward an understanding of the nature of exchanges
  2. pp. 118-123
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  1. 4. Of the changes in the proportion of values relative to metals that are used as money
  2. pp. 123-131
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  1. 5. Of the augmentation and diminution of the denominational value of coin
  2. pp. 131-136
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  1. 6. Of banks and their credit
  2. pp. 136-139
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  1. 7. Other insights and inquiries concerning the utility of a National Bank
  2. pp. 139-144
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  1. 8. Of the refinements of credit of general banks
  2. pp. 144-172
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  1. Index
  2. pp. 173-180
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Additional Information

ISBN
9781614879152
Related ISBN
9780865978751
MARC Record
OCLC
918932335
Pages
176
Launched on MUSE
2015-08-22
Language
English
Open Access
No
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