Generalising the 'Tableau economique'; Isnard's 'Systeme des richesses'

Article Abstract:

This article examines Achylle-Nicolas Isnard's critique of Francois Quesnay's 'Tableau Economique,' in order to illustrate the novelty and greatness of Quesnay's work. Isnard's employment of Quesnay's views of circularity and his emphasis on productivity in all sectors of the economy are discussed and the author provides a mathematical presentation to show that Isnard's work is relevant to the interpretation of circular-flow type models, including input-output models.

France, Models, Criticism and interpretation, Input-output analysis, Isnar, Achylle-Nicolas, Quesnay, Francois

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A 'general' non-substitutional theorem along Samuelsonian lines

Article Abstract:

This article examines Paul Samuelson's work on the generalization of non-substitution theorem. The author asserts that given the rate of interest and just one non-produced input in the system the prices of goods are determined by conditions of production, illustrating that demand does not play a role in determining prices under commonly assumed conditions.

Prices, Supply and demand

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The role of Samuelson's 'Economics' in the production of a Keynesian economist

Article Abstract:

This article examines the influential role of Paul Samuelson's textbook 'Economics' on the presentation of John Maynard Keynes's theoretical model. The author discusses the influence of this textbook on his own intellectual development and understanding of Keynesian economics and the paradox of thrift.

Influence, Study and teaching, Keynes, John Maynard, Keynesian economics

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