Real foundation and monetary analysis in François Quesnay

Problématique réelle et analyse monétaire chez François Quesnay

Edwin Le Héron ()
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Edwin Le Héron: CED - Centre Émile Durkheim - IEP Bordeaux - Sciences Po Bordeaux - Institut d'études politiques de Bordeaux - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article aims to highlight what constitutes François Quesnay's modernity. Situated between the early monetary theories of the mercantilists and the dominance, since Adam Smith, of analysis in real terms, his approach combines a real foundation with an analysis of production highlighting a circulation of monetary flows. While this theory of net product linked solely to agricultural productivity quickly fell into disuse, his monetary analysis of the circulation of global flows remains surprisingly modern.

Keywords: Natural order; Net product; Monetary circulation; Physiocracy; Produit net; Ordre naturel; Circulation monétaire; Physiocratie (search for similar items in EconPapers)
Date: 2025-11-19
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Published in Revue d'histoire de la pensée économique, 2025, 20, pp.43-67. ⟨10.48611/isbn.978-2-406-19167-4.p.0043⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05555866

DOI: 10.48611/isbn.978-2-406-19167-4.p.0043

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