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Autonomous components of aggregate demand and capital accumulation in Richard Cantillon’s Essai? An inquiry through the lens of modern demand-led growth theory

Santiago José Gahn ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: Recently, some authors have severely criticised the incorporation of the notion of autonomous components of aggregate demand in demand-led growth theory. We show that these components are present in Richard Cantillon’s Essai written in the XVIIth century, and that an implicit demand-led theory of capital accumulation can be also developed based on his writings.

Keywords: Cantillon; Growth theory; History of Economic Thought (search for similar items in EconPapers)
JEL-codes: E11 C22 (search for similar items in EconPapers)
Date: 2020-11
New Economics Papers: this item is included in nep-gro, nep-his, nep-hpe and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:846

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