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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.
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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Input–output economics has been used to study regional economies within a nation, and as a tool for national and regional economic planning. A main use of input–output analysis is to measure the economic impacts of events as well as public investments or programs as shown by IMPLAN and Regional Input–Output Modeling System. It is also ...
Firstly, wrote Quesnay, regulation impedes the flow of income throughout all social classes and therefore economic development. Secondly, taxes on the productive classes , such as farmers , should be reduced in favour of rises for unproductive classes, such as landowners , since their luxurious way of life distorts the income flow.
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Classical economics, also known as the classical school of economics, [1] or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.