Richard Cantillon
Richard Cantillon (1680s – May 1734) was an Irish-French economist and author of Essai sur la Nature du Commerce en Général. It is considered the first complete treatise on economics, with numerous contributions to the science. Cantillon was influenced by his experiences as a banker, and especially by the speculative bubble of John Law’s Mississippi Company. He amassed a great fortune from his speculation in the Mississippi Company, buying shares early and selling them later at higher prices.
About Richard Cantillon in brief
Richard Cantillon (1680s – May 1734) was an Irish-French economist and author of Essai sur la Nature du Commerce en Général. Essai remains Cantillon’s only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, but was not published until 1755. It is considered the first complete treatise on economics, with numerous contributions to the science. Cantillon was influenced by his experiences as a banker, and especially by the speculative bubble of John Law’s Mississippi Company. His work was translated into Spanish by Gaspar Melchor de Jovellanos, probably in the late 1770s, and considered essential reading for political economy. It had significant influence on the early development of political economy, including the works of Adam Smith, Anne Turgot, Jean-Baptiste Say, Frédéric Bastiat and François Quesnay. The book is considered by William Stanley Jevons to be the “cradle of politicalEconomy”. Cantillon amassed a great fortune from his speculation in the Mississippi Company, buying shares early and selling them later at higher prices. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, and even murder plots until his death in 1734. His financial success and growing influence caused friction in relationship with John Law, and sometime thereafter Cantillon left Paris for Amsterdam, returning briefly in early 1720.
He died in Paris early in 1720, leaving outlying areas of Paris in debt to London and Lending Lending to Amsterdam. He is buried in Paris, along with his wife and two children, in the Cimetière du Centre-Drouot, where he had lived since the early 17th century. He was buried next to his wife, who was buried in the same grave as his son, Louis-Philippe Cantillon, who died in the early 18th century at the age of 83. Cant Dillon was the father of the French politician and politician, Jean Philippe Cantillon. He also had a son, Joseph Cantillon who was born in the 1680s and died in 1760. Cantillion was a supporter of the League of Nations and the French Revolution, and served as a member of the Council of State between 1720 and 1730. He had a daughter, Marie-Louise, who became the first French woman to be elected to the House of Commons in 1815. Cantillons was also the first woman to hold a seat in the French National Assembly, and was the first to serve two terms as President of France. He left Paris in 1730, but died in London early in the 1740s, aged 75. He leaves behind a wife and four children, all of whom are now living in the United States. His son Joseph Gage, a real estate speculator and speculator, was also a well-known figure in Paris.
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