Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success
Publication type: Journal Article
Publication date: 2003-10-01
scimago Q1
wos Q2
SJR: 0.411
CiteScore: 1.4
Impact factor: 0.7
ISSN: 09672567, 14695936
General Arts and Humanities
Economics, Econometrics and Finance (miscellaneous)
History and Philosophy of Science
Abstract
The opposition between productive activity (agriculture) and unproductive ones (the others) underlies the Tableau economique. Smith borrows Quesnay's theory of production but deeply transforms it into a distinction between productive and unproductive labour. In any case, it seems quite natural to relate the increase of the wealth of a nation to the relative importance of productive activities vis-a-vis unproductive ones. Quesnay and Smith both share this view. However, if Smith is perfectly right in doing so, Quesnay has failed to prove a definite relation between the fraction of the revenue spent with respect to the productive sector, on the one hand, and the level or growth of the revenue, on the other. Differences in political philosophy may account for this unequal analytical performance.
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Cartelier J. Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success // European Journal of the History of Economic Thought. 2003. Vol. 10. No. 3. pp. 409-427.
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Cartelier J. Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success // European Journal of the History of Economic Thought. 2003. Vol. 10. No. 3. pp. 409-427.
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RIS
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TY - JOUR
DO - 10.1080/0967256032000106670
UR - https://doi.org/10.1080/0967256032000106670
TI - Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success
T2 - European Journal of the History of Economic Thought
AU - Cartelier, Jean
PY - 2003
DA - 2003/10/01
PB - Taylor & Francis
SP - 409-427
IS - 3
VL - 10
SN - 0967-2567
SN - 1469-5936
ER -
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BibTex (up to 50 authors)
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@article{2003_Cartelier,
author = {Jean Cartelier},
title = {Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success},
journal = {European Journal of the History of Economic Thought},
year = {2003},
volume = {10},
publisher = {Taylor & Francis},
month = {oct},
url = {https://doi.org/10.1080/0967256032000106670},
number = {3},
pages = {409--427},
doi = {10.1080/0967256032000106670}
}
Cite this
MLA
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Cartelier, Jean. “Productive activities and the wealth of nations: some reasons for Quesnay's failure and Smith's success.” European Journal of the History of Economic Thought, vol. 10, no. 3, Oct. 2003, pp. 409-427. https://doi.org/10.1080/0967256032000106670.