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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic growth; Cantillon; Quesnay; Urban; Rural
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith); O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

References

Cantillon, Richard (1755), Essai sur la Nature du Commerce en General, English translation, Henry Higgs (ed), London: Royal Economics Society/Macmillan, 1931.

Braudel, Fernand (1973) [1974], Capitalism and Material Life 1400-1800, translated by Miriam Kochan, London: Fontana/Collins.

Quesnay, Francois (1759), Tableau Economique ('Third Edition'), as translated in M Kuczynski and R L Meek, Quesnay's Tableau Economique, with new material, translations and notes, New York: Augustus Kelly, for the American Economic Association, 1972.

Quesnay, Francois (1756), 'Fermiers', as translated in P D Groenewegen, Quesnay: Farmers 1756 and Turgot: Sur la Grande et la Petite Culture, Reprints of Economic Classics, Series 2, No 2, Sydney: University of Sydney.

Smith, Adam (1776) [1976], An Inquiry into the Nature and Causes of the Wealth of Nations, Vol 1, R H Campbell and A S Skinner (eds), Indianapolis: Liberty Fund.