Essay on the Nature of Commerce in General

Richard Cantillon is one of the key figures in the early history of economics. He was certainly not the first to think about economic problems, but he was the first to have clear insight into the way the economy functions as a system. He was arguably the first to structure a theory of how the economy works. In this sense he could be called the first real economist. Today, his ideas on population, determination of prices, wages and interest, the role of the entrepreneur, banking, and the inf...