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Ông cũng dành thời gian sửa đổi cuốn sách của ông được xuất bản, sống một cuộc sống khiêm tốn mặc dù lương hưu, và qua nhiều năm đã đi hầu hết thu nhập của mình trong hành vi riêng của tổ chức từ thiện, mà ông đã chăm sóc để che giấu (1895 Rae, 437). | 42 THE BIG THREE IN ECONOMICS considered by contemporaries as one of the three greatest economics inventions of mankind after writing and money Smith 1965 1776 643 . Quesnay s zigzag diagram first published in 1758 has created considerable interest and controversy over the years. It has been hailed as a forerunner of many developments in modern economics econometrics Keynes s multiplier input-output analysis the circular flow diagram and a Walrasian general equilibrium model. It is certainly a macro view of the economy without any reference to prices but no one is sure of its real meaning. As the principal spokesman for the Physiocrats Quesnay endorsed the false belief in agriculture as the only productive expenditure and industry as sterile. As to Quesnay s influence The Wealth of Nations proclaimed Dr. Quesnay a very ingenious and profound author who promoted the popular slogan Laissez faire laissez passer a phrase Smith would endorse wholeheartedly although he himself never referred to his system as laissez-faire economics. He preferred natural liberty or perfect liberty. As a leading Physiocrat Quesnay opposed French mercantilism protectionism and state interventionist policies. However The Wealth of Nations denied the basic physiocratic premise that agriculture not manufacturing and commerce was the source of all wealth 1965 1776 637-52 . Richard Cantillon The other prominent influences on the Scottish economist were Richard Cantillon Jacques Turgot and Etienne Bonnot de Condillac. Richard Cantillon 1680-1734 is regarded by Murray Rothbard and other economic historians as the true father of modern economics. An Irish merchant banker and adventurer who emigrated to Paris Cantillon became involved in John Law s infamous Mississippi bubble in 1717-20 but shrewdly sold all of his shares before the financial storm hit. His independent status allowed him to write a short book on economics Essay on the Nature of Commerce in General published posthumously in 1755 . He
