Vassar College Digital Library
Abstract
Francois Quesney's Tableau is reformulated as a two-sector linear system. Stationary state interclass exchanges are described by a sequential accounting Tableau of real and monetary holdings of each class at each step of the circulation process. A diagrammatic framework is also set up to illustrate the Physiocratic equilibrium. These tools are used to evaluate Quesnay's policy prescriptions against conspicuous consumption, indirect taxes on agriculture, and deviations from the proper price. It is shown that either these maxims are inconsistent with the underlying theory or arguments advanced in their favor are deficient.
Details
Authors
Department or Program
Document Type
Issue Number
3
Page Numbers
519-533
Paper Number
16
Peer Reviewed
Reviewed
Publication Date
1991-09-01
Volume Number
46
English
Repository Collection
Display hints
Document Type