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Philosophie rurale, ou Économie générale et politique de l'agriculture, réduite à l'ordre immuable des Loix physiques & morales, qui assurent la prospérité des Empires.
Amsterdam: Chez les Libraires Associés, 1763 - Quarto (255 x 195 mm). Contemporary French pale calf, blind rule border on covers, spine decorated gilt in compartments, morocco label, marbled endpapers, edges stained red. Housed in a black cloth folding case. A little worming to the joints and spine, contents unaffected, short split to the upper joint skilfully mended and corners restored. Private library ownership stamp to the title-page. A very good copy. Woodcut printer's device on title and vignette to the first leaf of text. 3 engraved plates of the Tableau Économique and tables in the text. Rare first edition of Mirabeau's "magisterial account of the views of the physiocratic school" (Higgs), containing 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). There have been no copies at auction in the last 35 years and only a handful of copies traded privately in this time. Originally printed as a pamphlet of ?? pages in 1759 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. "The Tableau has been considered a first rough presentation of Keynes's multiplier and as a sort of general equilibrium system of a Walrasian type (Schumpeter, 1954, p. 242). For others, the Tableau is an input-output table. Because of the Tableau, Quesnay has been regarded as an early econometrician. The Tableau has also been interpreted as the first classical system of price determination, thus anticipating Marx's reproduction schemes and Sraffa's price system" (The New Palgrave). "In 1763 appeared the Philosophie rurale which presents 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 Economique analysis" (The New Palgrave). Schumpeter calls the work "the first of the four text-books of physiocrat orthodoxy" (p. 225). Goldsmiths' 9836; Higgs 2881; INED 3204; Kress 6120. [Attributes: First Edition]
      [Bookseller: Peter Harrington. ABA member]
Last Found On: 2015-03-19           Check availability:      AbeBooks    

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