Yes, Cantillion had this insight and used it durning the tulip bubble and the Mississippi bubble. He made himself handsomely rich doing it, too. I guess you could say he was proto or pre-Austrian.
Pre-Austrian might be better, depending on his overall approach to economics.
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His approach seems to have been on what the latter Austrians based their thought, in terms of money and banking. Rothbard used him and his theories as explanations quite a bit.
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