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THE LEVEL AND DISTRIBUTION OF INCOME IN MID-EIGHTEENTH-CENTURY FRANCE, ACCORDING TO FRANÇOIS QUESNAY

2015; Cambridge University Press; Volume: 37; Issue: 1 Linguagem: Inglês

10.1017/s1053837214000728

1469-9656

Branko Milanović,

Economic Theory and Policy

The paper uses the data from François Quesnay's writings to derive a social table for pre-revolutionary France and estimate the level and distribution of income. It formalizes Quesnay’s thinking about the process of production and situates it within the modern national accounting framework. Quesnay’s estimates are compared with some contemporary and recent estimates of eighteenth-century French incomes and inequality.