The discovery of the circular flow of economic life - Реферат

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A list of the main representatives of the Physiocrats, the inner meaning of their doctrine. Examining the nature of capital Quesnay. The technical origin of the circular flow of economic life. Arbitrary and violent diversions of the economic stream.


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The discovery of the circular flow of economic life physiocrats quesnay violent 1. We have seen that our science like all others originated in individual researches into striking facts which appeared as problems even to the layman. As long as men confined themselves to such research and as long as the central phenomenon of economics itself remained more or less in the darkness of instinctive and practical knowledge, scientific analysis could never fully set to work, it could not, as it were, make full use of its vital powers. It was impossible to build up a basic stock of knowledge of principles, nor could a staff of expert workers really form itself. It was necessary to derive an explanatory principle from each separate complex of facts-as it were in a gigantic struggle with them-and it was at best possible merely to sense the great general contexts, an understanding of which is essential-even from a practical point of view-for the explanation of the more subtle effects and counter-effects of economic phenom
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