MIRABEAU, Victor Riquetti, marquis de, & François Quesnay.

£22,500 · Offered by Peter Harrington · No longer available

Philosophie rurale, ou Économie générale et politique de l'agriculture, Rare first edition, presenting "perhaps the most complete and magisterial account of the views of the Physiocratic school" (Higgs)."Quesnay collaborated very substantially in preparing this last major work, contributing the final chapter with further explanations and manipulations of his Tableau Économique analysis" (The New Palgrave). Schumpeter calls the work "the first of the four textbooks of physiocrat orthodoxy" (p. 225). It contains, for the first time, Quesnay's masterful explanation of his Tableau Économique, "one of those works in the history of economics which have often been regarded as an anticipation of modern theories" (Schumpeter, p. 242). Originally printed as a pamphlet of 16 pages in 1758 in a minute number of copies, Quesnay's Tableau Économique was first revealed to the public as the final part of Mirabeau's L'Ami des Hommes, in 1760. In the Philosophie rurale, Quesnay for the first time gives a full explanation of his system. 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. An analogous table is used in the theory of money creation under fractional-reserve banking by relending of deposits, leading to the money multiplier. In a letter to Mirabeau written late in 1758 Quesnay remarks "J'ai taché de faire un tableau fondamental de l'ordre économique pour y représenter

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