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François Quesnay’s Tableau Economique

In: The Classical Theory of Economic Growth

Author

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  • Walter Eltis

    (Exeter College)

Abstract

François Quesnay’s achievement is one of the most remarkable in the history of economics. He published his first article on an economic problem in 1756 when he was 62 years old, and in the following twelve years he produced a series of influential articles and successive versions of his famous Tableau Economique. He also became the centre of the first school of economists, the Physiocrats or Economistes of pre-revolutionary France. The Tableau has two multipliers, one of them almost Keynesian, and Leontief has said that he was following Quesnay when he constructed his input-output table of the United States economy in 1941.1 Marx, who according to Schumpeter derived his fundamental conception of the economic process as a whole from Quesnay,2 called it ‘an extremely brilliant conception, incontestably the most brilliant for which political economy had up to then been responsible’,3 and in 1935 Schumpeter himself described Quesnay as one of the four greatest economists of all time.4

Suggested Citation

  • Walter Eltis, 2000. "François Quesnay’s Tableau Economique," Palgrave Macmillan Books, in: The Classical Theory of Economic Growth, edition 0, chapter 1, pages 1-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59820-1_1
    DOI: 10.1007/978-0-230-59820-1_1
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