| In the years following the demise of Physiocracy, Quesnay's Tableau has been relegated to relative obscurity. This is most unfortunate, as Quesnay's model is both realistic and rich in its applicability to economic problems. This is in marked contrast to the economic models which have succeeded the Tableau.;This work attempts to settle questions regarding the consistency of the Tableau and thus pave the way for a true understanding of this remarkable model. In particular, it attempts to explain how the model works, and then it goes on to show what can be done with the model.;It begins with an examination of the different presentations or versions of the Tableau, seeking to understand the changes that took place and the rationale for these changes.;Next the two major variants are described. The assumptions of the model are set forth clearly and rigorously, and the mechanisms by which each version operates are carefully laid out. For both the dynamic and static Tableaux it is shown that the reproduction process envisioned by Quesnay is logically consistent.;Recently this problem has been ameliorated to some extent. Ronald Meek's Economics of Physiocracy, Leontief's input-output analysis, and the employment of sophisticated mathematics to economic models have sparked a resurgent interest in the Tableau. Meek and other commentators have failed however to successfully defend the Tableau from continued charges that the model inherently lacks clarity and consistency. This is unfortunate for questions regarding the logical coherence of the model have obscured some of the brilliant insights of Quesnay. In addition, disputes about the mechanics have directed attention away from the applicability of the model to real world economic problems.;After laying out the mechanics of the model the applicability of the model is demonstrated. Quesnay's important applications of the Tableau--as a model to help understand tax and price policies--are examined. Likewise, the use of the Tableau to understand the effects of consumption and savings behavior, and to analyze business cycles, is explored.;Finally, in an attempt to spur a proper appreciation of this long neglected model, the Tableau is favorably compared and contrasted to its progeny. |
