Cantillon

Richard Cantillon was an 18th-century economist who introduced the idea that economic behavior is driven by individual decisions and motivations, such as entrepreneurship and resource allocation. He emphasized the importance of factors like supply, demand, and the role of risk-taking in shaping markets. Cantillon’s work helped lay the foundation for modern economic thought, highlighting how wealth and money flow through society, influencing prices and growth. His insights emphasize that economic activity is a dynamic process rooted in human action and decision-making, rather than just abstract concepts or government policies.