“… 14 That β depends on level of development is also clear from Quesnay’s statement in the third edition of the Tableau économique that in France, at some point, advances return only 20% or 25% in terms of net product, while, under better administration, they would yield 100% (see Kuczynski and Meek 1972, notes to the “Third Edition,” p. 16n75). Actually, the improvement that a Physiocratic management of the economy would bring forth is measured by how much the return on working capital advance would increase.…”