Who is the fathern of economics?
Joseph Schumpeter, the great historian of economics, called Cantillon's treatise "the first systematic presentation of the field of economics." William Stanley Jevons, one of the founders of neoclassical economics, called the book the "cradle of political economy."
And economist Murray Rothbard called Cantillon "the founding father of modern economics."
So who was Cantillon? He was Irish by birth. His family had been well-to-do landlords. But they had their wealth taken from them, after fighting for the monarchy, when Oliver Cromwell seized power.
Cantillon, like many of the losing royalists in the 17th century, went to France. He b ...more