Tableau économique
Quick Summary
The Tableau Économique was a diagram created by François Quesnay in 1758. It illustrated the relationships between different economic classes and sectors of society, showing the flow of payments between them. Quesnay, a leader of the physiocrats, believed that land was the primary source of wealth and advocated for deregulation of trade and reduced taxes. His work introduced the concept of economic equilibrium and distinguished between fixed and circulating capital. The physiocrats opposed mercantilism, emphasizing agriculture as the core of national wealth and advocating for free trade.12
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