Caxitiflon Richard

Caxitiflon Richard

Caxitiflon, Richard (?-1734), British economist. Very little is known about him except that he was born in Ireland, probably about 1680. For some time he lived in Paris, where he established a banking business, but eventually he moved to London, where he was murdered. His contribution to economics is embodied in his Essejisur id nature du commerce en g�n�ral, probably written about 1725, but not published until 1755; it was a vigorous analytical work ahead of its time one of the first works to show that currency is, at best, only a measure of wealth, which i5 itself derived from production. Cantillon's contention that only agricultural enterprises yield a surplus over the costs of production gave rise to the Physiocrats' concept of 'produit net', and his thoughts on the circulation of wealth undoubtedly influenced the later work of Quesnay.

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