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Forbonnais, the two balances and the Économistes

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  • Thierry Demals
  • Alexandra Hyard

Abstract

The link established by Fran çois Véron de Forbonnais (1722-1800) between two balances, the balance of trade and the balance of power, takes its full meaning in the context of the science of trade or "commerce politique" the author developed in his works. In polemical stance against the Économistes - the Physiocrats - and starting from the irremediable fact of the division of nations rather than their union, he intended to promote two goals: peace in Europe and the prosperity of nations through foreign trade. His approach was disputed by the Économistes who proposed instead a confraternal vision of nations in a free trade environment. This paper analyses Forbonnais' arguments, the answers of the Économistes and Forbonnais' final reply, and stresses the different views of politics this polemic denotes.

Suggested Citation

  • Thierry Demals & Alexandra Hyard, 2015. "Forbonnais, the two balances and the Économistes," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(3), pages 445-472, June.
    • Handle: RePEc:taf:eujhet:v:22:y:2015:i:3:p:445-472
    DOI: 10.1080/09672567.2015.1019907
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    Cited by:

    1. Jean Daniel Boyer, 2023. "On the existence of a French school of the science of commerce (1751-1759)," Working Papers of BETA 2023-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Jean-Daniel Boyer, 2023. "On the existence of a French school of the science of commerce (1751-1759)," Working Papers 06-23, Association Française de Cliométrie (AFC).

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