An Essay on Economic Theory
By Richard Cantillon
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Description
An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général. Translated by Chantal Saucier. Edited by Mark Thornton. This audio book is made available through the generosity of Mr. Tyler Folger. It is narrated by Millian Quinteros.
| Name | Description | Released | Price | ||
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1 |
CleanForeword to An Essay on Economic Theory | The foreword to a new and improved translation of Cantillon’s famous work. | 12/30/2014 | Free | View in iTunes |
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CleanIntroduction to An Essay on Economic Theory | Mark Thornton and Chantal Saucier's Introduction to the new translation of Richard Cantillon's An Essay on Economic Theory. | 12/30/2014 | Free | View in iTunes |
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3 |
Clean1.1. Wealth | Cantillon defines wealth as the consumption goods produced by land and labor. | 12/30/2014 | Free | View in iTunes |
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Clean1.2. Human Societies | All human societies are based on a system of property rights. | 11/30/2014 | Free | View in iTunes |
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5 |
Clean1.3. Villages | Cantillon explains that settlements are based on the requirements of production, especially the quantity of labor, and the extent of the specialization and division of labor. | 11/30/2014 | Free | View in iTunes |
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Clean1.4. Market Towns | Entrepreneurs establish markets in centrally located villages which provide the necessary conditions under which prices are established between supply and demand. | 11/30/2014 | Free | View in iTunes |
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Clean1.5. Cities | Property owners who live far from their lands experience a reduction in income proportional to the cost of transporting their production to market. | 11/30/2014 | Free | View in iTunes |
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Clean1.6. Capital Cities | Wherever a government establishes its capital, the city will grow in size. | 11/30/2014 | Free | View in iTunes |
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Clean1.7. The Labor of the Plowman is of Less Value than that of the Artisan | Skilled workers must be paid higher wages than unskilled workers. | 11/30/2014 | Free | View in iTunes |
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Clean1.8. Some Artisans Earn More, Others Less, According to the Different Cases and Circumstances | Workers with higher quality skills, risky jobs, or jobs which require trustworthy employees will receive higher wages. | 11/30/2014 | Free | View in iTunes |
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Clean1.9. The Number of Laborers, Artisans, and Others, Who Work in a State, is Naturally Proportioned to the Demand for Them | Prosperity cannot be created by subsidizing job training. | 11/30/2014 | Free | View in iTunes |
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Clean1.10. The Price and Intrinsic Value of a Thing, in General, is the Measurement of the Land and Labor, which enter into its Production | Intrinsic value can be measured by the quantity of land and laborers, taking into account the quality of land and labor. | 11/30/2014 | Free | View in iTunes |
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Clean1.11. The Par Value or Ratio between the Value of Land and Labor | Only money— a “most certain measure”—can be used for income measurements and comparisons. | 11/30/2014 | Free | View in iTunes |
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Clean1.12. All Classes and Individuals in a State Subsist or Grow Rich at the Expense of the Property Owners | Cantillon develops a circular-flow model of the economy that shows the distribution of farm production between property owners, farmers, and workers. | 11/30/2014 | Free | View in iTunes |
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Clean1.13. The Circulation and Exchange of Goods and Merchandise, as well as their Production, are Carried On in Europe by Entrepreneurs, and at a Risk | Cantillon introduces, for the first time, the theory of entrepreneurship. | 11/30/2014 | Free | View in iTunes |
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Clean1.14. The Desires, Fashions, and Ways of Life of the Prince, and especially of the Property Owners, Determine the Use to which Land is put in a State, and Cause the Variations in the Market Prices of all Things | Cantillon constructs a model of the isolated estate or closed economy where the choices of property owners determine outputs and prices, regardless if they manage the isolated estate or lease it to farmers. | 11/30/2014 | Free | View in iTunes |
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Clean1.15. The Increase and Decrease of the Number of People in a State chiefly Depends on the Taste, the Fashions, and the Ways of Life of the Property Owners | Population is based on the tastes and choices of property owners. | 11/30/2014 | Free | View in iTunes |
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Clean1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich | The wealth of a nation depends on putting the labor force to work. | 11/30/2014 | Free | View in iTunes |
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Clean1.17. Metals and Money, and especially of Gold and Silver | Gold and silver hold many advantages over other goods, such as durability, divisibility, transportability, and homogeneity | 11/30/2014 | Free | View in iTunes |
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Clean2.1. Barter | Prices of goods do not strictly follow the quantity theory of money. | 11/30/2014 | Free | View in iTunes |
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Clean2.2. Market Prices | Market prices are determined by the bargaining between suppliers and demanders. | 11/30/2014 | Free | View in iTunes |
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Clean2.3. The Circulation of Money | The circular flow model of the economy explains the implications of international trade. | 11/30/2014 | Free | View in iTunes |
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Clean2.4. Further Reflection on the Rapidity or Slowness of the Circulation of Money in Exchange | A variety of factors affect the flow of money in circulation and this in turn affects the amount of money in circulation. | 11/30/2014 | Free | View in iTunes |
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Clean2.5. The inequality of the circulation of hard money in a State | If factories were permitted in rural areas, basic commodities could be turned into goods, which could then be sent to the cities at a much lower transport cost. | 11/30/2014 | Free | View in iTunes |
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Clean2.6. The Increase and Decrease of the Quantity of Money in a State | Cantillon uses his price-specie flow mechanism to analyze some of the effects of inflation. | 11/30/2014 | Free | View in iTunes |
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Clean2.7. Continuation of the same subject | Changes in the quantity of money will change relative prices and have real effects on the economy, a phenomenon now known as the "Cantillon Effects". | 11/30/2014 | Free | View in iTunes |
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Clean2.8. Further Reflections on the Increase and Decrease of Money in a State | Increases in the supply of money from a balance of trade eventually causes prices to rise. | 11/30/2014 | Free | View in iTunes |
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Clean2.9. Interest on Money and its Causes | Interest rates on loans are connected with an individual’s time preference. | 11/30/2014 | Free | View in iTunes |
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Clean2.10. The Causes of Increases and Decreases of the Interest Rate on Money in a State | The interest rate is a critical factor in the valuation of assets. | 11/30/2014 | Free | View in iTunes |
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Clean3.1. Foreign Trade | The circular-flow economy is extended to international trade. | 11/30/2014 | Free | View in iTunes |
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Clean3.2. On Bills of Exchanges and their Nature | Bills of Exchange are a type of contract that can reduce the expense associated with transporting money. | 11/30/2014 | Free | View in iTunes |
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Clean3.3. Further Explanations on the Nature of Exchanges | Exchange rates are a function of the balance of trade and other factors. | 11/30/2014 | Free | View in iTunes |
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Clean3.4. The Variations in the Proportion of Values with Regard to the Metals Used as Money | The price of gold and silver and the ratio between them is determined by markets and is also based on their usefulness, cost of production, and transportation costs. | 11/30/2014 | Free | View in iTunes |
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Clean3.5. The Augmentation and Diminution of the Denomination of Money | Raising and lowering the nominal value of money are methods by which the prince acquires resources by deceiving individuals about the value of money. | 11/30/2014 | Free | View in iTunes |
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Clean3.6. Banks and their Credit | Fractional-reserve banking is a system where the banks lend some of their deposits and earn interest, but it comes with risks. | 11/30/2014 | Free | View in iTunes |
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Clean3.7. Further Explanations and Enquiries as to the Utility of a National Bank | National Banks are of little utility and can be the source of economic chaos. | 11/30/2014 | Free | View in iTunes |
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Clean3.8. The Refinements of Credit of General Banks | Inflation is a corrupt process and can result in bank runs and economic chaos. | 11/30/2014 | Free | View in iTunes |
| 37 Items |
Customer Reviews
A welcomed surprise
Just what I was looking for, thanks!
Thanks!
Thank you, Mr. Folger!
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