Physiocracy

Economic Table (Quesnay)
One of Francois Quesnay's economic tables, in which he explains the flow of goods and services, at each step in the passage downward, modeled on William Harvey (heart pump) / Rene Descartes (machine) blood flow model of the body. [4]
In economics, physiocracy is an economics school of thought which argues that land is the source of economic value.

Overview
In the 1750s, French physician-economist Francois Quesnay, the avid admirer of Rene Descartes and Nicolas Malebranche, imported the full Cartesian conception of science into political economy, to create physiocracy. [1]

The practitioners of Quesnay's new school of economics came to called "physiocrats", supposedly, out of their affinity for the methods of physics.

Quesnay contributed two articles to Denis Diderot's encyclopedia: "Farmers" (1756) and "Rural Philosophy" (1763), which in some way are said to have initiated what came to be known as physiocracy. [5]

Quesnay's 1758 Tableau Economique (Economics Table), wherein the human body is treated as a machine, with the coronary system reduced to a pump with some valves, vital processes equated to the motion of the blood, is said to mark the start of physiocracy.

The “physiocrats” are frequently mentioned in prehistory sections in physical economics, ecological economics, and or economic thermodynamics treatises, such as summarized in American earth energy scientist Cutler Cleveland’s 1999 ecological economics article. [2]

In Charles Gide and Charles Rist’s 1909 book History of Economic Doctrines: from the Physiocrats to the Present the concept of a person as a molécule humaine (human molecule) is employed. [3]

References
1. Mirowski, Philip. (1989). More Heat than Light: Economics as Social Physics, Physics as Nature’s Economics (pg. 154). Cambridge University Press.
2. Cleveland, Cutler, J. (1999). "Biophysical Economics: From Physiocracy to Ecological Economics and Industrial Ecology." (PDF) In Bioeconomics and Sustainability: Essays in Honor of Nicholas Gerogescu-Roegen (pp. 125-154), J. Gowdy and K. Mayumi, Eds. (Edward Elgar Publishing, Cheltenham, England).
3. Gide, Charles and Rist, Charles. (1909). Histoire Des Doctrines Économiques: Depuis Les Physiocrates Jusqu'a Nos Jours (History of Economic Doctrines: from the Physiocrats to the Present). Publisher.
4. Tableau Economique (Francois Quesnay) – Marxist.org.
5. Burke, James. (1996). The Pinball Effect (pg. 191). Back Bay Books.
6. Siegfried, Tom. (2006). A Beautiful Math: John Nash, Game Theory, and the Modern Quest for a Code of Nature (pg. 16). National Academies Press.

External links
‚óŹ Physiocracy – Wikipedia.

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