1. A Discussion of Richard Cantillon
Cantillon's analysis agreed with the likes of John Locke, another economist of the eighteenth century, in that they both agreed that " the abundance of money or its increase in exchange raises the price of everything." Additionally, Cantillon then went on to say that the real difficulty lies in knowing in what way and in what proportion the increase of money in an economy raises prices. He reasoned that if spenders receive the increase in money, they would in turn raise their level of expenditures on certain goods, thereby resulting in the driving up of the prices of such goods. Conve...
- Word Count: 2445
- Approx Pages: 10
- Has Bibliography
- Grade Level: Graduate