François Quesnay’s Tableau Economique

Walter Eltis
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Walter Eltis: Exeter College

Chapter 1 in The Classical Theory of Economic Growth, 2000, pp 1-38 from Palgrave Macmillan

Abstract: Abstract François Quesnay’s achievement is one of the most remarkable in the history of economics. He published his first article on an economic problem in 1756 when he was 62 years old, and in the following twelve years he produced a series of influential articles and successive versions of his famous Tableau Economique. He also became the centre of the first school of economists, the Physiocrats or Economistes of pre-revolutionary France. The Tableau has two multipliers, one of them almost Keynesian, and Leontief has said that he was following Quesnay when he constructed his input-output table of the United States economy in 1941.1 Marx, who according to Schumpeter derived his fundamental conception of the economic process as a whole from Quesnay,2 called it ‘an extremely brilliant conception, incontestably the most brilliant for which political economy had up to then been responsible’,3 and in 1935 Schumpeter himself described Quesnay as one of the four greatest economists of all time.4

Date: 2000
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DOI: 10.1007/978-0-230-59820-1_1

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