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A THEORETICAL ANALYSIS OF SISMONDI'S TABLEAU ECONOMIQUE
Author(s) -
Dome Takuo
Publication year - 1989
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1989.tb00445.x
Subject(s) - economics , consumption (sociology) , argument (complex analysis) , reproduction , productivity , simple (philosophy) , production (economics) , table (database) , balance (ability) , neoclassical economics , technological change , economy , microeconomics , mathematical economics , macroeconomics , computer science , sociology , social science , medicine , ecology , biochemistry , chemistry , philosophy , epistemology , data mining , physical medicine and rehabilitation , biology
This paper submits Sismondi's calculation example presented in his paper of 1824 («On the Balance of Consumption and Production») in the form of an input‐output table. This paper also examines Sismondi's argument concerning technological progress and under‐consumption. The effect of an increase in labour productivity in one particular sector on the economy as a whole is analysed in the framework of a simple reproduction system. Subsequently the model is applied to a growth economy, and the difficulty of attaining balanced growth in Sismondi's system is discussed.