The Economic Table

half to the class of productive expenses The "productive class" refers specifically to agricultural workers, whom the author believed were the only ones capable of creating a "net product" or new wealth from the land. for the purchase of produce for subsistence, for the raw materials of manufactured goods, and for foreign trade; and the other half is divided between maintenance and the return of advances term: "avances" refers to the capital invested upfront in a business or farm, which must be recovered before a profit is realized. to the class of sterile expenses itself term: "dépenses stériles" (sterile expenses) is a technical term in Physiocracy for manufacturing and commerce; they were called "sterile" not because they were useless, but because they were believed to merely transform existing materials rather than creating new wealth from nature.. This circulation and reciprocal distribution continue in the same order through subdivisions down to the very last penny original: "denier", a small historical French coin. of the sums that pass back and forth from one class of expenses to the other.

• The circulation carries 600 livres The livre was the currency of France until 1795. to the class of sterile expenses, from which 300 livres must be set aside for annual advances; 300 livres remain for wages. These wages are equal to the 300 livres that this class receives from the class of productive expenses, and the advances are equal to the 300 livres of revenue that pass to this same class of sterile expenses.

The productions of the other class The productive or agricultural class. amount to 1200 livres, after deducting taxes, the tithe term: "dixme" (tithe), a ten-percent tax on agricultural produce paid to the Church., and the interest on the Farmer’s advances, which will be considered separately to avoid over-complicating the order of expenses. Regarding the expenditure of these 1200 livres of produce: the Landowner of the revenue buys 300 livres worth 1) ^; 300 livres pass to the class of sterile expenses, of which half ^—amounting to 1) 150 livres ^—is consumed for subsistence within that class; 1) the other half ^—which is 150 livres—is taken for foreign 1); trade related to that same class. Finally, 300 livres worth are consumed within the class of productive expenses by the men who bring them into existence, and 300 livres are used for the feed and maintenance of livestock. Thus, of the 1200 livres of...