
author
d. 1734
Best known for a single groundbreaking book, this Irish-born banker and economist helped lay the foundations of modern economic thought. His sharp observations on money, markets, and entrepreneurship still make him surprisingly readable today.

by Richard Cantillon
Born in County Kerry in the late 17th century, Richard Cantillon built a successful career as a banker and financier, spending much of his working life in France and later England. He is thought to have profited from the dramatic financial turmoil around John Law's system, experience that seems to have sharpened his interest in how trade, prices, and money really work.
Cantillon is remembered above all for Essai sur la nature du commerce en général, a work written in the early 1730s and published after his death in 1755. The book is often described as one of the earliest major works of economics because it brings together clear ideas about markets, population, prices, wages, and the circulation of money in a remarkably systematic way.
Although relatively little is known for certain about his life, his influence has lasted far beyond it. Later thinkers, including Adam Smith, were linked to ideas he explored, and many historians of economics now see him as one of the field's earliest great minds.