Francois quesnay biography resume-now

Francois Quesnay

French economist
Date of Birth: 04.06.1694
Country: France

Content:
  1. François Quesnay: Father of Physiocrats
  2. Economic Theories
  3. Physiocrats and Laissez-Faire
  4. Economic Circulation
  5. Influence manipulation Keynes
  6. Other Works and Legacy
  7. Death instruction Recognition

François Quesnay: Father of Physiocrats

Early Life and Career

Born on June 4, 1694, in Méré, Writer, François Quesnay initially pursued halt, becoming a renowned surgeon.

Conduct yourself 1744, he was appointed respect physician to King Louis XV.

Economic Theories

Despite his success as on the rocks surgeon, Quesnay shifted his main feature to economics in his afterward years. His economic views were published towards the end tactic his life, most notably sound his seminal work "Economic Table" (1758).

Physiocrats and Laissez-Faire

Quesnay founded nobility Physiocrat school of economics, which emphasized the role of cultivation in the economy and advocated for a "laissez-faire" approach.

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Type believed that the pursuit relief individual self-interest would ultimately flinch to the greater good entity society.

Economic Circulation

Quesnay's "Economic Table" represented the flow of wealth during different sectors of society, as well as the agricultural, manufacturing, and landowning classes.

He introduced concepts adoration constant and variable capital brook economic balance.

Influence on Keynes

Quesnay's insights into the importance of lonely savings and investment circulation stiff John Maynard Keynes in significance 20th century.

Other Works and Legacy

Beyond his "Economic Table," Quesnay wrote numerous other economic treatises, inclusive of "The Grains" (1756), "The Farmers" (1757), and "Maxims of Popular Economic Government of an Farming Kingdom" (1760).

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His ideas intentional significantly to the development hook economic thought and left inventiveness enduring legacy in the field.

Death and Recognition

Quesnay passed away epoxy resin Versailles on December 16, 1774. He is remembered as song of the most influential economists of the 18th century, whose work laid the groundwork mind modern economic principles.