Economic Table

Economic Table

 

(Tableau économique), the principal work by F. Quesnay, the founder of the Physiocrats; the first attempt to analyze social reproduction by establishing definite balanced proportions between the natural (material) and value elements of social production. Economic Table was written in 1758.

Economic Table sets forth the erroneous theory of the net product (produit net), which according to Quesnay is created only in agriculture, and divides society into three classes: the productive class (farmers and hired agricultural laborers), the proprietary class (landowners and the king), and the sterile class (industrialists, merchants, artisans, and hired industrial workers). Quesnay then describes the circulation of a year’s product, a process that begins after the farmers have paid the landowners rent, which is considered the only form of net product, in the amount of 2 billion livres.

The process of circulation comprises the following five acts: (1) The landowners purchase 1 billion livres’ worth of food from the farmers; as a result, 1 billion livres return to the farmers, and one-fifth of the year’s product goes out of circulation. (2) The landowners use the remaining 1 billion of their 2 billion livres received in rent to buy industrial articles from the sterile class. (3) With the 1 billion livres received for its industrial articles, the sterile class buys food products from the farmers. A second billion livres is thus returned to the farmers, and two-fifths of the year’s product goes out of circulation. (4) The farmers buy 1 billion livres’ worth of industrial articles from the sterile class, which go toward the replacement of tools and materials whose value was included in the value of the year’s product. (5) The sterile class uses its 1 billion livres to purchase raw materials from the farmers. The circulation of the year’s product thus ensures the replacement of the capital (avances) used in agriculture and industry, and production can begin again.

K. Marx criticized the flaws and contradictions in Economic Table. Since it was based on the erroneous theory of the net product and an incorrect class division of society, the work did not reflect the mechanism of capitalist reproduction and its contradictions. The practical recommendations that came out of Economic Table, however, were progressive and antifeudal.

REFERENCES

Marx, K. Kapital, vols. 1–2. In K. Marx and F. Engels, Soch., 2nd ed., vols. 23–24.
Marx, K. Teorii pribavochnoi stoimosti (vol. 4 of Kapital). Ibid., vol. 26, part 2.
Engels, F. Anti-Dühring. Ibid., vol. 20.
Anikin, A. V. lunost’ nauki. Moscow, 1970.
References in periodicals archive ?
What we need to do is to put everything together and march towards that goal with a conviction that we can achieve our righteous rank in the world's economic table.
Well, so be it, we will just have to try all the harder to move out of bottom position in the English regional economic table.
In serving CARS on the economic table, the Aquino (Part II) administration had to invent some rosy projections.
Babacan has quit politics after 13 years of impressive performance that nevertheless ended with a very bad economic table.
The seminar included six working papers: the first dealt with " Food Security in the Sultanate ", the second with " Food Industries in the Governorate of A'Dakhiliyah", the third with "Challenges and Opportunities Facing the Food Security of Oman and the Necessary Solutions", the fourth with " Agriculture in the Governorate of A'Dakhiliyah: Reality and Ambition", the fifth with " Fish Farming in Fresh water " and the last paper dealt with " Economic Table for Protected Cultivation"
So, in a round about way, Ohorongo's presence has brought more to the economic table than just salaries and royalties.
Wall Street called the shots under Bush and Clinton, and now Obama's economic table is owned by the same Wall St.
Cautioning against the expectation of quick results from the summit as well as against a reversion to protectionism, Singh - Governor of the Reserve Bank of India from 1982 to 1985, India's Finance Minister from 1991 to 1996, and, since 2004, the first Sikh to hold the post of Prime Minister - brings to the global economic table precisely what is needed during this dreadful world crisis: keen intellect and patient judgment.
Today's report by the government resourced, but still relatively unimpressive, Institute for Public Policy Research, placing Liverpool at the bottom of asocial and economic table of England's 56largest towns and cities, is two years beyond its sell-by date.
He added: "Labour is about intervening to ensure that those at the bottom of the heap are looked after, not giving them crumbs from the economic table .
When the economic table was finally turned, carriers quickly began the process of selecting "core customers" and deciding which of them would get their increasingly valuable equipment.