Value and Exchange
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3.6. 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.
1.5. Cities
Property owners who live far from their lands experience a reduction in income proportional to the cost of transporting their production to market.
2.8. 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.
1.7. The Labor of the Plowman is of Less Value than that of the Artisan
Skilled workers must be paid higher wages than unskilled workers.
1.10. 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.
1.14. 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.
2.4. 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.
2.9. Interest on Money and its Causes
Interest rates on loans are connected with an individual’s time preference.
