The Process of Circulation in Quesnay's Tableau Économique

Hernando Matallana Laverde ()

No 5000, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: 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.

Keywords: accounting dynamics; circulation process; effective demand; input-output analysis; monetary production economy; physiocracy (search for similar items in EconPapers)
JEL-codes: B11 B14 B22 E40 (search for similar items in EconPapers)
Pages: 28
Date: 2008-08-06
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:005000

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