Quesnay - Tableau Economique

economic table- built upon Cantillon's circular flow

as

beginning of growing season

Agriculture Land Lords Manufacturing
$2,000
net agri. 50.0% 50.0% net mfg. 24 assumptions inc. central assumptions:
($500) $1,000 $1,000 $1,000 ($500) all land fully and efficiency cultivated
introduction of large scale production
($250) $500 $500 $500 ($250) closed economy
zero savings or hoarding
($125) $250 $250 $250 ($125) free competition in all markets
agriculture yields returns 100% on initial capital investment
($63) $125 $125 $125 ($63)
working assumption
($31) $63 $63 $63 ($31) each class spends 50% on agri. and 50% on mfg. -
quantitative study by Quesnay
($16) $31 $31 $31 ($16)

($8) $16 $16 $16 ($8)

($4) $8 $8 $8 ($4)

($2) $4 $4 $4 ($2)

($1) $2 $2 $2 ($1)

($0) $1 $1 $1 ($0)

($0) $0 $0 $0 ($0)
$1,000 $1,000
$2,000 $2,000 $2,000
total GNP $5,999
 Extreme 1
The two extreme cases.
#REF! represents 1/3 of initial monetary flow

beginning of growing season

Agriculture Land Lords Manufacturing
$2,000
net agri. 100.0% 0.0%
$1,000 $2,000 $2,000 $0

$0 $0 $0 $1,000

$250 $500 $500 $0

$0 $0 $0 $250

$63 $125 $125 $0

$0 $0 $0 $63

$16 $31 $31 $0

$0 $0 $0 $16

$4 $8 $8 $0

$0 $0 $0 $4

$1 $2 $2 $0

$0 $0 $0 $1
$1,333
$2,666 $2,666 $1,333

total GNP $6,665

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 Extreme 1

3 of initial monetary flow

Manufacturing

net mfg.
$0

$500

$0

$125

$0

$31

$0

$8

$0

$2

$0

$0
$667

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 Extreme 2

beginning of growing season

Agriculture Land Lords Manufacturing
$2,000
net agri. 0.0% 100.0%
$0 $0 $0 $2,000

$500 $1,000 $1,000 $0

$0 $0 $0 $500

$125 $250 $250 $0

$0 $0 $0 $125

$31 $63 $63 $0

$0 $0 $0 $31

$8 $16 $16 $0

$0 $0 $0 $8

$2 $4 $4 $0

$0 $0 $0 $2

$0 $1 $1 $0
$667
$1,333 $1,333 $2,666

total GNP $5,332

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 Extreme 2

Manufacturing

net mfg.
$1,000

$0

$250

$0

$63

$0

$16

$0

$4

$0

$1

$0
$1,333

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