The net product in the Formule du Tableau Economique: lessons from a formalism

Rodolphe dos Santos Ferreira*, Ragip Ege

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

It is well known since Phillips (1955) that the Formule du Tableau Economique can be translated into an input–output table. Phillips's translation is however far from faithful. We propose a more accurate translation that attempts to take seriously all the features of Quesnay's formalism, by considering in particular its clear, although tacit, distinction between current and capital accounts. This formalism is first approached as an autonomous object of analysis, and then serves as the basis for discussing the imputation of the net product, by considering successively three candidates to that imputation (other than the productive class): the class of landowners, the sterile class and nature.
Original languageEnglish
JournalPortuguese Economic Journal
DOIs
Publication statusAccepted/In press - 24 May 2022

Keywords

  • Formalism
  • Input–output analysis
  • Net product
  • Quesnay
  • Tableau Economique

Fingerprint

Dive into the research topics of 'The net product in the Formule du Tableau Economique: lessons from a formalism'. Together they form a unique fingerprint.

Cite this