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Illustration of the original visualisation of the Tableau by Quesnay, 1759. The Tableau économique (French pronunciation: [tablo ekɔnɔmik]) or Economic Table is an economic model first described by French economist François Quesnay in 1758, which laid the foundation of the physiocratic school of economics. [1]
François Quesnay (/ k eɪ ˈ n eɪ /; French: [fʁɑ̃swa kɛnɛ]; 4 June 1694 – 16 December 1774) was a French economist and physician of the Physiocratic school. [1] He is known for publishing the " Tableau économique " (Economic Table) in 1758, which provided the foundations of the ideas of the Physiocrats. [ 2 ]
The Tableau économique or Economic Table is an economic model first described by François Quesnay in 1759, which laid the foundation of the physiocrats’ economic theories. [16] It also contains the origins of modern ideas on the circulation of wealth and the nature of interrelationships in the economy. [6]
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Quesnay believed that trade and industry were not sources of wealth, and instead in his 1758 book Tableau économique (Economic Table) argued that agricultural surpluses, by flowing through the economy in the form of rent, wages, and purchases were the real economic movers, for two reasons.
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Together with François Quesnay, whose disciple he was, [1] he was a leader of the Physiocratic School. Gournay's father was Claude Vincent, a merchant in Saint-Malo as well as a secretary to the king. [2] Gournay didn't write much, but had a great influence on French economic thought through his conversations with many important theorists.