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M. de Cantillon, of whom I had the honor to speak to you in my last letter, mentions several times in his work on the nature of commerce another work, which he regards as supplementing the former and which contains, in particular, various ingenious and interesting calculations. This latter work, one is assured, has been lost and all efforts to recover it have proved unsuccessful. The admiration, which the first volume deserves, can serve only to increase our regret at the loss of the second.


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One seeks in vain for Cantillon's name even in Blanqui's history of economic thought and until 1870 one finds only spasmodic references to him, Ganilh being a case in point. Eugène Daire devoted some scattered footnotes to him in his edition of the Physiocrates, while Cantillon is once again correctly identified in Julius Kautz's 1860 account of political economy and its historical development as a "transitional link between the Mercantilists, the Physiocrats, and the Smithians, ranked among the actual founders of political economy particularly because of his originality and independence of comprehension and presentation." At this juncture it is well to recall a point that has been lost sight of since the rediscovery of Cantillon, namely, the fact that Wilhelm Roscher always paid tribute to Cantillon's importance. Relatively few other early authors are as frequently mentioned in Roscher's "Foundations of Economics," while in his history of political economy he credits Cantillon's with "containing in essentially perfected form many of the main traits and most important achievements of the Physiocrats." It is presumably due to Roscher's influence that Fr. von Sivers in his 1874 essay on "Turgot's Place in the History of Political Economy" offers a detailed appreciation of Cantillon, many of whose pronouncements he quotes with the utmost praise. Meanwhile, writing in France four years previously, Léonce de Lavergne, that fine historian of his country's eighteenth-century economic literature, had indeed begun his review of the Physiocratic school by naming Cantillon and Gournay as its forerunners, saying in particular of Cantillon's that "this book, though it was barely the size of a duodecimo volume, anticipated all the theories of the Economistes."

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Jevon's essay opened the way for a torrent of writing on Cantillon. The Palgrave's and a supplementary volume of devoted space to him?" In the years with followed, J. K. Ingrain, R. Zurkerlandl, and especially A. Espinas discussed him in their doctrinal histories. In the first edition of his Alfred Marshall made a widely noted remark about Cantillon to the effect that he "was very acute and in some respects much ahead of his time. But he seems to me wanting in solidity." More importance attaches, indeed, to the researches of Stefan Bauer and especially to those of Henry Higgs, who, following clues which Jevons had uncovered but was unable to pursue because of his sudden death, brought some very interesting facts about Cantillon and his work to light. These appeared in 1891 in the second number of Volume One of the