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The Process of Circulation in Quesnay's Tableau Économique


  • Hernando Matallana



At the end of the 17th century capitalism had become the new social and economic order in northern Western Europe. Ever since the trading channels through which money and commodities change hands between the different agents, the actual sequence of these all-comprising monetary exchange processes, and the intertwining of the processes of production and circulation have always been a central issue in heterodox economic thought. The paper discusses Quesnay´s contribution to the theoretical foundation of the social process of circulation of capital in a monetary production economy in the Tableau économique. Additionally, the accounting dynamics of the circulation process of the agricultural kingdom is described by means of system of credit-debit tables currently used by German authors.

Suggested Citation

  • Hernando Matallana, 2008. "The Process of Circulation in Quesnay's Tableau Économique," DOCUMENTOS CEDE 005000, UNIVERSIDAD DE LOS ANDES-CEDE.
  • Handle: RePEc:col:000089:005000

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    References listed on IDEAS

    1. Shlomo Maital, 1972. "The Tableau Economique as a Simple Leontief Model: An Amendment," The Quarterly Journal of Economics, Oxford University Press, vol. 86(3), pages 504-507.
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    accounting dynamics; circulation process; effective demand; input-output analysis; monetary production economy; physiocracy;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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