Encyclopedic Liberty

The Liberty Fund edition is a modernized translation of Richard Cantillon s "Essai sur la nature du commerce en general" (1755) with a new introduction by Antoin E. Murphy. In the "Essay, " Cantillon outlined an extraordinary model-building approach showing how the economy could be built up, through [...]
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The Liberty Fund edition is a modernized translation of Richard Cantillon s "Essai sur la nature du commerce en general" (1755) with a new introduction by Antoin E. Murphy. In the "Essay, " Cantillon outlined an extraordinary model-building approach showing how the economy could be built up, through progressive stages, from a command, barter, closed economy to a market economy, which uses money and is open. Though written in the eighteenth century, the Essay has a considerable resonance for a twenty-firstcentury audience.
Antoin E. Murphy is Emeritus Professor of Economics and Fellow of Trinity College Dublin."