Richard Cantillon

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Post by kosovohp on Fri Oct 29, 2010 11:05 pm

Richard Cantillon amassed a great fortune from his speculation, buying Mississippi Company shares early and selling them at inflated prices.[20] Cantillon's financial success and growing influence caused friction in his relationship with John Law, and sometime thereafter Law threatened to imprison Cantillon if the latter did not leave France within twenty-four hours.[21] Cantillon replied: "I shall not go away; but I will make your system succeed."[21] To that end, in 1718 Law, Cantillon, and wealthy speculator Joseph Gage formed a private company centered on financing further speculation in North American real estate.[22]



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