... From the theoretical point of view,they seemed to ignore the quantity theory of money. The adjustment mechanism of the balance of payments theorized byHume, and known as the price–specie-flow ... pre-Malthusian: the con-vergence of the two types of wage would go hand in hand with the conver-gence of the working population towards the demand for labour. Besidesthis, Cantillon also offered ... important economic innovations were introduced: the bill of exchange, double entry accounting, securitazation of the public debt,insurance, the merchants’ forum, the bank, the stock exchange and the commenda—the...