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Quesnay And The Analysis Of Surplus In The Capitalist Agriculture

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Listed:
  • Franklin Serrano
  • Numa Mazat

Abstract

In order to discuss the ‘rational foundation’ of certain aspects of Quesnay's theory we use a simple formalization of the necessary connections between assumptions about the techniques in use, the distribution of income between the classes and sectors and the system of relative prices. We argue that in Quesnay's system agriculture was truly capitalist and that he was indeed a pioneer of the classical political economy/surplus approach to economics as identified first by Karl Marx, Piero Sraffa and Pierangelo Garegnani, the physical surplus of grains being the necessary basis for his analysis of the distribution and relative prices.

Suggested Citation

  • Franklin Serrano & Numa Mazat, 2017. "Quesnay And The Analysis Of Surplus In The Capitalist Agriculture," Contributions to Political Economy, Cambridge Political Economy Society, vol. 36(1), pages 81-102.
    • Handle: RePEc:oup:copoec:v:36:y:2017:i:1:p:81-102.
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    File URL: http://hdl.handle.net/10.1093/cpe/bzx004
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    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)

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