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Richard Cantillon, 1697–1734: the Entrepreneur in Agriculture and Trade

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A Concise History of Economic Thought

Abstract

Richard Cantillon, son of Philip Cantillon of Ballyheigue, was born in Ireland in 1697 (the date is uncertain). The Cantillons went to Ireland during the early Norman period and later became devoted to the Stuart cause. Richard’s great-grandfather is said to have become the banker of the Stuart Pretender when the Cantillons went to France with James II. Migration to France and travelling around Europe was a characteristic of this family, so it is no surprise to see the close contacts of Cantillon with the continent, and with Paris in particular.

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Notes on further readings

  • A. Brewer, Richard Cantillon: Pioneer of Economic Theory (Routledge, London, 1992).

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  • A. Brewer ‘Cantillon and the land theory of value’, History of Political Economy, vol. 20, 1988.

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  • A. Aspromourgos ‘Cantillon on real wages and employment: rational reconstruction of the significance of land utilization’, European Journal of the History of Economic Thought (vol. 4, no. 3, 1997, pp. 417–43).

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© 2003 Gianni Vaggi and Peter Groenewegen

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Vaggi, G., Groenewegen, P. (2003). Richard Cantillon, 1697–1734: the Entrepreneur in Agriculture and Trade. In: A Concise History of Economic Thought. Palgrave Macmillan, London. https://doi.org/10.1057/9780230505803_6

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