The Physiocrats' Concept of Economics

Abstract

Introduction, 532. — I. The nature and scope of physiocracy: a normative and mathematical science based on “natural law,” 534. — II. The theory of innate economic ideas, 538. — III. A mathematically exact science deduced from first principles, 540. — IV. Quesnay's own view of the new science, 544. — V. Quesnay's use of the inductive method and of mathematics, 549. — VI. The gulf between Quesnay and his disciples, 551.