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Richard Cantillon's essay on the nature of trade in general. A variorum edition
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New translation of Cantillon’s masterpiece
Smith was born in , three years after the conclusion of the Mississippi and South Seas bubbles in London and Paris respectively, events in which Cantillon was a principal actor. Smith was an academic whereas Cantillon was a "battle-hardened accountant, entrepreneur, banker, and financial trader" according to Professor Murphy's Introduction to the Essay.
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Smith produced pages of economic theory, often redundantly and tediously granted his description of the division of labor and the "invisible hand of the market" add something to the discussion versus the page translation of the Essay from the French that Professor Murphy provides. In the briefer work, Cantillon identifies entrepreneurship as the fourth factor of production which Smith ignores, and Smith's labor theory of value contrasts as well with Cantillon's Part 2, Chapter 2 discussion of market prices.
These are not minor limitations on Smith's part. Professor Murphy's translation of the Essay should be read by anyone having an interest in political economy.
Richard Cantillon notes: Essay on the Nature of Trade in General - WriteWork
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