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The Rents Problem in the Tableau Economique : Revisiting the Phillips Model

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  • Albert Steenge

Abstract

A number of efforts have been made so far to transcribe Francois Quesnay's Tableau Economique into a modern input-output framework. However, the transcriptions available at present have not been generally accepted. A point of serious discussion has been the fixed coefficients assumption, which dates back to the model proposed by Phillips in 1955. Especially regarding the analysis of rents formation and proprietors preferences, this assumption is at odds with basic physiocratic thought. In this paper a general solution is proposed to the problem of modelling the rents in an input-output context. The method suggests a general approach, where the physiocratic view is a special case that identifies productivity with only one sector.

Suggested Citation

  • Albert Steenge, 2000. "The Rents Problem in the Tableau Economique : Revisiting the Phillips Model," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 181-197.
    • Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:181-197
    DOI: 10.1080/09535310050005680
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    References listed on IDEAS

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    1. Shlomo Maital, 1972. "The Tableau Economique as a Simple Leontief Model: An Amendment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(3), pages 504-507.
    2. Paul A. Samuelson, 2011. "The Collected Scientific Papers of Paul Samuelson," MIT Press Books, The MIT Press, edition 1, volume 6, number 0262015404 edited by Janice Murray, December.
    3. Steenge, Albert E, 1978. "Environmental Repercussions and the Economic Structure: Further Comments," The Review of Economics and Statistics, MIT Press, vol. 60(3), pages 482-486, August.
    4. Hiroshi Atsumi, 1981. "Taxes and Subsidies in the Input-Output Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(1), pages 27-45.
    5. Barna, Tibor, 1976. "Quesnay's model of economic development," European Economic Review, Elsevier, vol. 8(4), pages 315-338, December.
    6. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, January.
    7. Lloyd A. Metzler, 1951. "Taxes and Subsidies in Leontief's Input-Output Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(3), pages 433-438.
    8. Barna, T, 1975. "Quesnay's Tableau in Modern Guise," Economic Journal, Royal Economic Society, vol. 85(339), pages 485-496, September.
    9. Albert Steenge, 1995. "Sraffa and Goodwin: A unifying framework for standards of value in the income distribution problem," Journal of Economics, Springer, vol. 62(1), pages 55-75, February.
    10. Leontief, Wassily, 1970. "Environmental Repercussions and the Economic Structure: An Input-Output Approach," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 262-271, August.
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    Cited by:

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