1. A Discussion of Richard Cantillon
Additionally to the division of individuals in a market, Cantillon viewed the economy as an overall organized network of interconnected markets operating in a fashion between the groups of individuals such that some kind of equilibrium is achieved (usually the market price). ... This viewpoint held by Cantillon most likely stemmed from his own personal experience in markets, and thus lead to the idea of viewing an economy as interconnected markets operating in a fashion as to achieve some sense of equilibrium. In modern economics this notion could be quite applicable once again to general b...
- Word Count: 2445
- Approx Pages: 10
- Has Bibliography
- Grade Level: Graduate