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jmherbener
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Cantillon effects are disproportionate and non-synchronous changes in particular prices that are produced by a change in the money relation. When the money stock increases, the prices of some goods rise to a greater degree and the prices of other goods rise to a lesser degree and the prices of some goods rise sooner and the prices of other goods rise later. Because of Cantillon effects, increases in the money stock change the pattern of production in the economy.

These effects are named after Richard Cantillon who described them in his treatise, An Essay on the Nature of Commerce in General.

http://library.mises.org/books/Richard%20Cantillon/An%20Essay%20on%20Economic%20Theory.pdf