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This is the first biography of entrepreneur and economist Richard Cantillon whose major work, Essai sur la Nature du Commerce en General (1755), remains one of the most important works on economics written in the 18th century. Using much previously unpublished manuscript material, this study explains the nature of Europe's first stock exchange boom, the South Sea Bubble, and the Mississippi System, and shows how Cantillon's theorizing as an economist interacted with his activities as a banker-entrepreneur to make him one of Europe's wealthiest men in this period of frenetic stock exchange activity.
This biography investigates the life and intellectual contributions of Richard Cantillon, questioning how his dual role as a banker-entrepreneur and economic theorist shaped his understanding of 18th-century financial markets. Antoin E. Murphy utilizes extensive archival research and previously unpublished manuscripts to reconstruct Cantillon's career. The text argues that Cantillon's practical experience during the South Sea Bubble and the Mississippi System provided the empirical foundation for his seminal work, Essai sur la Nature du Commerce en General. By bridging the gap between his personal wealth accumulation and his theoretical output, Murphy provides a comprehensive portrait of a foundational figure in economic history.
What You Will Find
Experts recognize this work as a definitive biographical account that successfully contextualizes Cantillon's economic theories within his active professional life. Readers frequently note the academic rigor and the depth of historical research presented in the text.
Page Count:
356
Publication Date:
1987-05-21
Publisher:
Oxford University Press
ISBN-10:
0198285353
ISBN-13:
9780198285359
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