A Precursor of Modern Economic Thought: Antoine Laurent de Lavoisier

Abstract

In the context of development of economic relations, national accounting is a necessity. Building a system of information on gross domestic product, size of national wealth, financial relations and cash flows determine studies on the economic forecast, the distribution and accumulation of national wealth. Efforts in this direction have been numerous and have their roots in the work of Antoine Laurent Lavoisier . He was he who first promulgated the concepts and specific national accounting methods. He was a precursor of modern economic thought.

Keywords

• economic thought
• national accounting
• the territorial yield in kind
• the territorial income in money
• net income