tableau économique

The doctrine has its roots in the Physiocrats' Tableau économique (Spiegel, pg.

The French Physiocrats' Tableau économique is one of the earliest examples of a value chain.

In 1758 he published the Tableau économique (Economic Table), which provided the foundations of the ideas of the Physiocrats.

During his acceptance speech Stone mentioned François Quesnay as well as the Tableau économique.

The Tableau économique, though on account of its dryness and abstract form it met with little general favor, may be considered the principal manifesto of the school.

The tableau économique is credited as the "first precise formulation" of interdependent systems in economics and the origin of the theory of the multiplier in economics.

Pressman's work has sought to explain the Physiocratic model of the macro-economy (see Physiocracy), and to argue that the Tableau Économique is a consistent economic model.

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.

In the tableau économique, one sees variables in one period (time t) feeding into variables in the next period (time t+1), and a constant rate of flow yields geometric series, which computes a multiplier.

An early table, featuring reinvestment from one period to the next and a geometric series, is found in the tableau économique of the Physiocrats, which is credited as the "first precise formulation" of such interdependent systems and the origin of multiplier theory.

He believed that trade and industry were not sources of wealth, and instead in his book, Tableau économique (1758, Economic Table) argued that agricultural surpluses, by flowing through the economy in the form of rent, wages and purchases were the real economic movers.

Earlier Francois Quesnay had developed a cruder version of this technique called Tableau économique, and Léon Walras's work Elements of Pure Economics on general equilibrium theory was both a forerunner and generalization of Leontief's seminal concept.