3.3. Further Explanations on the Nature of Exchanges
Exchange rates are a function of the balance of trade and other factors.
Value and Exchange
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3.8. The Refinements of Credit of General Banks
Inflation is a corrupt process and can result in bank runs and economic chaos.
1.3. Villages
Cantillon explains that settlements are based on the requirements of production, especially the quantity of labor, and the extent of the specialization and division of labor.
2.6. The Increase and Decrease of the Quantity of Money in a State
Cantillon uses his price-specie flow mechanism to analyze some of the effects of inflation.
3.5. The Augmentation and Diminution of the Denomination of Money
Raising and lowering the nominal value of money are methods by which the prince acquires resources by deceiving individuals about the value of money.
1.9. The Number of Laborers, Artisans, and Others, Who Work in a State, is Naturally Proportioned to the Demand for Them
Prosperity cannot be created by subsidizing job training.
1.12. All Classes and Individuals in a State Subsist or Grow Rich at the Expense of the Property Owners
Cantillon develops a circular-flow model of the economy that shows the distribution of farm production between property owners, farmers, and workers.
1.17. Metals and Money, and especially of Gold and Silver
Gold and silver hold many advantages over other goods, such as durability, divisibility, transportability, and homogeneity
2.3. The Circulation of Money
The circular flow model of the economy explains the implications of international trade.
