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Quesnay's Tableau Economique: Analytics and Policy Implications

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  • Bilginsoy, Cihan

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. Copyright 1994 by Royal Economic Society.

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  • Bilginsoy, Cihan, 1994. "Quesnay's Tableau Economique: Analytics and Policy Implications," Oxford Economic Papers, Oxford University Press, vol. 46(3), pages 519-533, July.
    • Handle: RePEc:oup:oxecpp:v:46:y:1994:i:3:p:519-33
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    Cited by:

    1. Fernando Ribeiro Leite Neto & Nelson Mendes Cantarino, 2016. "The Physiological Roots Of The Tableau Économique," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 002, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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