Cantillon and Turgot:
نویسندگان
چکیده
منابع مشابه
Cantillon and the Invisible Hand
The invisible hand remains an important foundation of economic analysis, continues to be a source of new analytical and explanatory devices, and is the conceptual basis of a whole class of scientific models throughout the sciences. Indeed, Smith’s famous concept has experienced a resurgence of interest as several new interpretations of the concept have been published in the leading general-inte...
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Comments and suggestions welcomed. Please do not quote without permission. 1 Was Richard Cantillon a Mercantilist? There are puzzling features in Cantillon's Essai and puzzles in what has been written about him. Also puzzling is the fact that these puzzles have not been thought important enough to study if indeed they have been thought about at all. May not one then ask if Cantillon ought to be...
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Opportunity cost is a core, defining concept of economic science. The early Austrian economists are generally credited with the discovery of the concept and its early application. Here, it is shown that Richard Cantillon, the father of economic theory and method, developed and applied the concept of opportunity cost. His “intrinsic value” was not an objective cost approach, but merely an attemp...
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David Hume and Adam Smith are considered the founding fathers of anti-mercantilism, economics, and the Scottish Enlightenment. However, scholars have long recognized a similarity between Hume’s contributions and those of Richard Cantillon. Evidence is presented here that suggests that Hume would have known of Cantillon and would have been interested in reading the manuscript, and that he met pe...
متن کاملCantillon on the Cause of the Business Cycle
Mr. Locke lays it down as a fundamental maxim that the quantity of produce and merchandise in proportion to the quantity of money serves as the regulator of market price. I have tried to elucidate his idea in the preceding chapters: he has clearly seen that the abundance of money makes everything dear, but he has not considered how it does so. The great difficulty of this question consists in k...
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ژورنال
عنوان ژورنال: The History of Economic Thought
سال: 2014
ISSN: 1880-3164,1884-7358
DOI: 10.5362/jshet.56.1_71