I'm unfamiliar with the Cantillon effect, but from a quick glance at Wikipedia and the Mises Wiki, it looks like he basically anticipated Friedman's monetarist theory a few centuries early? That's a little different; it doesn't touch on the differences in competitiveness between different industries (I guess there weren't really different industries in Cantillon's time), and instead is more concerned about the response of the balance of trade to changes in the money supply.