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Richard Cantillon notes: Essay on the Nature of Trade in General
Title: Richard Cantillon notes: Essay on the Nature of Trade in General
Category: Social Sciences / Philosophy
Details: Words: 946 | Pages: 4.0 (approximately 235 words/page)
Richard Cantillon notes: Essay on the Nature of Trade in General
Of Wealth
Here, Cantillon is speaking of the land, mines and sea and how they are all part of the production of wealth. Production of man will determine the amount of wealth that will be earned. Essentially, all men have the same resources (e.t. land), but production is how wealth is acquired.
Of Market Towns
<Tab/>Cantillon uses the market as a basis for social order. He suggests that it …showed first 75 words of 946 total…
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…showed last 75 words of 946 total…Tab/>This last chapter deals with how the money supply affects interest rates. He compares how an increase of money would lower the interest rate because there is so much money in circulation, which no one would want to borrow. He proves this theory wrong because of the increase in money would cause more farmers and undertakers to borrow to keep up with the increasing demand for goods due to the new wealth.
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