Munich Personal RePEc Archive

Conceptualising rural-urban dynamics

Thomas, Alex M (2011): Conceptualising rural-urban dynamics. Published in: The India Economy Review , Vol. VII, No. 4 (January 2011): pp. 46-49.

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Abstract

This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth processes in the rural as well as urban areas. The paper concludes by pointing out the significance of the works of Cantillon and Quesnay.

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