no image

Richard Cantillon (abt. 1690 - 1734)

Privacy Level: Open (White)
Richard Cantillon
Born about in County Kerry, Irelandmap [uncertain]
Ancestors ancestors
Son of and [mother unknown]
[sibling(s) unknown]
[spouse(s) unknown]
Descendants descendants
Died in London, Englandmap
Profile manager: John Cherry private message [send private message]
Profile last modified | Created 9 Jan 2017
This page has been accessed 163 times.

Biography

Richard Cantillon was born about 1685 in Co Kerry, the son of Richard Cantillon. He rose to become an influential banker in Paris, and is regarded as one of the fathers of modern economics.

His Essai sur la Nature du Commerce en Général (Essay on the Nature of Trade in General), a book considered by William Stanley Jevons to be the "cradle of political economy". Although little information exists on Cantillon's life, it is known that he became a successful banker and merchant at an early age. His success was largely derived from the political and business connections he made through his family and through an early employer, James Brydges. During the late 1710s and early 1720s, Cantillon speculated in, and later helped fund, John Law's Mississippi Company, from which he acquired great wealth. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, and even murder plots until his death in 1734.

Essai remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, but was not published until 1755. His work was translated into Spanish by Gaspar Melchor de Jovellanos, probably in the late 1770s, and considered essential reading for political economy. Despite having much influence on the early development of the physiocrat and classical schools of thought, Essai was largely forgotten until its rediscovery by Jevons in the late 19th century. Cantillon was influenced by his experiences as a banker, and especially by the speculative bubble of John Law's Mississippi Company. He was also heavily influenced by prior economists, especially William Petty.

Essai is considered the first complete treatise on economics, with numerous contributions to the science. These contributions include: his cause and effect methodology, monetary theories, his conception of the entrepreneur as a risk-bearer, and the development of spatial economics. Cantillon's Essai had significant influence on the early development of political economy, including the works of Adam Smith, Anne Turgot, Jean-Baptiste Say, Frédéric Bastiat and François Quesnay.

Cantillon married Mary Anne O'Mahony, daughter of Count Daniel O'Mahony, the hero of the battle of Cremona, in 1722. He passed away in 1734.

It seems probable that Mary Cantillon is related but the relationship is unclear.

Sources

Wikipedia Entry

Antoin E Murphy “Richard Cantillon – Banker & Economist” The Journal of Libertarian Studies Vol VII no 2 1985 p. 185-215



More Genealogy Tools



Sponsored Search




Search
Searching for someone else?
First: Last:

DNA Connections
It may be possible to confirm family relationships with Richard by comparing test results with other carriers of his Y-chromosome or his mother's mitochondrial DNA. However, there are no known yDNA or mtDNA test-takers in his direct paternal or maternal line. It is likely that these autosomal DNA test-takers will share DNA with Richard:

Have you taken a DNA test for genealogy? If so, login to add it. If not, see our friends at Ancestry DNA.



Collaboration

Richard is 20 degrees from George Bush, 22 degrees from Rick San Soucie and 15 degrees from Victoria of the United Kingdom of Great Britain and Ireland on our single family tree. Login to find your connection.

C  >  Cantillon  >  Richard Cantillon