Questions what is the main features of the socialist economy?

Life of Francois Quesnay and his contributions to the science.

Key words: Writings, thoughts, economic table.

François Quesnay, (born June 4, 1694, near Paris, France—died December 16, 1774, Versailles), French economist and intellectual leader of the physiocrats, the first systematic school of political economy.

Quesnay served as the consulting physician to King Louis XV at Versailles. Late in life he developed an interest in economics, publishing his first book on the subject in his 60s. With the support of Madame de Pompadour, he and fellow physiocrat Jean de Gournay became influential in the Secte des Économistes, whose members looked to Quesnay as their leader.

Economic Table is an economic model first described by French economist François Quesnay in 1758, which laid the foundation of the Physiocratic school of economics.

Quesnay believed that trade and industry were not sources of wealth, and instead in his 1758 manuscript Tableau économique (Economic Table) argued that agricultural surpluses, by flowing through the economy in the form of rent, wages, and purchases were the real economic movers.

125.