Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • Quesnay, François 1694-1774. French physician and pioneer political economist who emphasized the primary economic importance of land and agriculture.

Etymologies

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Examples

  • The French physiocrat Quesnay depicted an economy as a flow analogous to human circulation -- an attempt to systematize economics and perhaps to compare it to the most experimentally "scientific" of fields available in Quesnay's day -- medicine.

    Teaching Un-Normal Economics, Arnold Kling | EconLog | Library of Economics and Liberty

  • These theorists included the Physiocrats such as Quesnay, who developed the first circular flow approach in 1758, and the Classical Economists of the late eighteenth and nineteenth centuries, including Adam Smith and David Ricardo.

    Macroeconomics and the environment

  • Quesnay and his followers believed that the Tableau summed up the natural law of economy.

    Quesnay, François

  • François Quesnay (1694 – 1774), a French economist who founded the Physiocratic School of economic thought.

    Quesnay, François

  • Quesnay and other physiocrats greatly influenced the views of Adam Smith and the fields of biophysical and ecological economics in the 20th century.

    Quesnay, François

  • "There's been a huge increase in applications pretty consistently over the last three or four years," said Heather Du Quesnay, the chief executive of the English Schools Foundation ESF, one of Asia's largest international school providers with around 16,000 students in 21 schools across Hong Kong.

    HK's schooling woes dim city's role as financial hub

  • Quesnay claimed that the natural laws that determine excess value, like the laws of Newtonian physics, are created by God and operate on atomized individuals to perpetuate and sustain the whole of human society in universal harmony.

    Classical economics

  • The order that results from the action of the natural laws is apparent, said Quesnay, in the continuous production and distribution of food and other goods essential to human survival.

    Classical economics

  • A similar view of natural laws appears in the work of Francois Quesnay (1694-1774), the founder of the French Physiocratic movement.

    Classical economics

  • It is also worth noting that Quesnay was among the first of a long line of economic theorists who did not understand the physics upon which his economic theory is based and that the mathematics used in the Tableau was limited to arithmetic and geometry.

    Classical economics

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