Economic diagram

Two sector circular flow diagram, 2008

An economic diagram is a diagram representing macro-economical or business economical processes. In a broad sense economic diagrams also relate to economic charts and economic graphs, which are partly included here.

History macroeconomic diagrams

The different types of macroeconomic diagrams shown in historical order.

18th century

• 
  Tableau économique by Francois Quesnay, 1759
• 
  Products map of Europe by August Crome, 1782:
• 
  Time series graph of trade balances by William Playfair, 1786
• 
  Exports and Imports of Scotland 1780-81 by William Playfair, 1786

19th century

Economic charts, flow maps etc., 19th century

• 
  Pie charts from Playfair's "Statistical Breviary" by William Playfair, 1801
• 
  Chart of Universal Commercial History by William Playfair, 1805
• 
  Bar chart, Price of Wheat and Wages 1565-1821 by William Playfair, 1822
• 
  "Linear Chronology" by William Playfair, 1824
• 
  Choropleth map by Charles Dupin, 1834
• 
  Statistique de la Population Francaise by Adolphe d'Angeville, 1836
• 
  Population dot map, 1830
• 
  Minard's chart of commercial movements in the Canal du centre in 1844
• 
  Minard's map of cattle sent from all around France for consumption in Paris (1858).
• 
  Line chart of cotton and wool production and import, 1858-61 by Minard
• 
  Minard’s map of French wine exports for 1864

Economic graphs, 19th century

• 
  Ímages of Researches into the Mathematical Principles of the Theory of Wealth images by Antoine Augustin Cournot, 1838
• 
  Of the law of demand by Antoine Augustin Cournot, 1838
• 
  Of the competition of producers, 1838
• 
  Of the competition of producers, 1838
• 
  Of the competition of producers, 1838
• 
  Of the competition of producers, 1838
• 
  Of unlimited competition, 1838
• 
  Of the mutual relations of producers, 1838
• 
  Of the mutual relations of producers, 1838
• 
  Of the mutual relations of producers, 1838
• 
  Of the mutual relations of producers, 1838
• 
  Principe d’une théorie mathématique de l’échange by Léon Walras, 1874
• 
  Alfred Marshall's elasticity of demand, 1890
• 
  Alfred Marshall's supply and demand graph, 1895

Economic diagrams, 19th century

• 
  Formule du Tableau Economique, 1848
• 
  Second Tableau, 1848
• 
  Tableau de la Distribution, 1848
• 
  Troisieme Tableau, 1848
• 
  The capital circle by John Stuart Mill & James Laurence Laughlin, 1885
• 
  Wealth rectangles, 1885
• 
  Diagram of Wages-Fund Theory, 1885
• 
  Demand for Commodities is not Demand for Labor, 1885
• 
  Cost of production, 1885
• 
  Foreign exchange, 1885
• 
  Conception of the flow of the currency by Simon Newcomb, 1885
• 
  Society, Public Treasury and Bondholders, 1885
• 
  Society, Public Treasury and Bondholders spending money in building a railway, 1885
• 
  Flow of rent paid to landlord by tenants, 1885
• 
  Flow of the currency when merchant builds a new store, 1885
• 
  Flow of money from wearers of boots to its producers, 1885
• 
  Change of expenditure by change of occupation, 1885
• 
  Change of business and change in Agent's expenditure, 1885
• 
  Object of economics, a three-cornered relation, by James Mavor, 1889
• 
  Diagram of economic history and theory, 1889
• 
  Diagram of Social Dynamics, 1889

See also

• Cost accounting, 19th century

20th century

Economic diagrams, first part of 20th century

• 
  Economic production and distribution by Seager, 1904
• 
  Economic value, price and distribution by Seager, 1904
• 
  The Rockefeller-Morgan Family Tree, 1904
• 
  Greater New York Public Utility Family Tree, 1904
• 
  Greater Steam Railroad Groups, 1904
• 
  Systems of advertising, 1906
• 
  Classification of the Industrial Population by Hagerty, 1905
• 
  Chart of holding company, 1909
• 
  Economic Life triange by Nearing, 1909
• 
  Reverses in the Economic Life triange, 1909
• 
  Capitalistic production in a self-contained industrial society, 1911.
• 
  JP Morgan Banking Influence in Large Corporations, 1914
• 
  Channels of distribution for various lines of goods by Nystrom, 1915.
• 
  Channels of distribution, Drugs and Shoes by Nystrom, 1915.
• 
  Channels of distribution, Co-Operative Fruit Marketing by Nystrom, 1915
• 
  Wheeled chart of National Bureau of Standards activities, 1915
• 
  Class battle fronts diagram, 1917
• 
  Method of payment for American purchase of foreign goods, 1919
• 
  Organization of Capital with Holding Corporation, 1919
• 
  Diagram of gratifying wants, 1921
• 
  Manufacture of Wooden Cloth under Domestic System by L.C. Marshall, 1921
• 
  Differentiation of productive enterprises by L.C. Marshall, 1921
• 
  Cooperating specialized business units in Egg Production by L.C. Marshall, 1921
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  Cooperating Specialized Business Units in Wheat Flour Production by L.C. Marshall, 1921
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  Cooperating Specialized Business Units by L.C. Marshall (after Nystrom), 1921
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  Business Unites Cooperate in Producing Services by L.C. Marshall, 1921
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  Business Unites in producing the Service of Money by L.C. Marshall, 1921
• 
  Circuit flow of money by W.T. Foster, 1922
• 
  The Round Flow of Money Income and Expenditure, 1922
• 
  Scheme of Quesnay's Tableau Economique by Lewiński, 1922
• 
  Plan of Organization for National Livestock Producers Association by Randall (1), 1928
• 
  Plan of Organization for National Livestock Producers Association by Randall (2), 1928
• 
  Organisation of Dutch industry, 1942

Economic diagrams, second part of 20th century

• 
  Phillips and MONIAC LSE, 1958-1967
• 
  The competitive price system adapted from Samuelson, 1961
• 
  U.S. sulfur flow diagram adapted from Ober, 1992
• 
  U.S aluminum flow diagram adapted from Wilburn and Wagner, 1993
• 
  Circular flow model by Hrubovcak, 1995

21st century

Economic diagrams, 21st century

• 
  Five sector circular flow diagram, 2006
• 
  Electricity Market Complex Adaptive System, 2007
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  Electricity Market Complex Adaptive System, 2007
• 
  Circulation in macroeconomics, 2007
• 
  System of Agribusiness, 2007
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  Agribusiness Chain, 2007
• 
  Agri ecosystem, 2007
• 
  Systems thinking about the society, 1986-2007
• 
  Two sector circular flow diagram, 2008
• 
  With surroundings, 2008
• 
  Four sector circular flow diagram, 2009
• 
  Local, regional and global markets, 2010
• 
  Diagram of a Functional Macroeconomics System, 2011
• 
  Three sector circular flow diagram, 2011
• 
  Supply and demand network, 2011

Types of macroeconomic diagrams

Economic graphs

Conceptual models of economic processes

See also: Category:Economic models

• 
  AD–AS model, aggregate supply and demand
• 
  Cobweb model, prices in fluctuating markets
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  Edgeworth box, various distributions of resources
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  Heckscher–Ohlin model, general equilibrium in international trade
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  Indifference curve, quantities of two goods for which a consumer is indifferent.
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  IS–LM model, interest rates and output in goods-, services- and money market
• 
  J curve tendency for early negative returns and later investment gains
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  Laffer curve, rates of taxation and levels of government revenue.
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  Lorenz curve, distribution of income or of wealth.
• 
  Phillips curve, rates of unemployment and inflation
• 
  supply and demand model

Graphical representation of real economic processes

See also: Category:Economic curves

• 
  Beveridge curve about unemployment and job vacancy rate
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  Cost curve, costs of production and quantity produced
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  Duck curve of power production over the day
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  Great Gatsby curve, inequality and intergenerational social immobility
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  Income–consumption curve
• 
  Real gross domestic product, an example

Functional diagrams

Economic production and distribution, and similar models

• 
  Economic production and distribution, 1904
• 
  Economic value, price and distribution, 1904
• 
  Economic Life triange, 1909
• 
  Reverses in the Economic Life triange, 1909
• 
  Capitalistic production in a self-contained industrial society, 1911.
• 
  The Round Flow of Money Income and Expenditure, 1922
• 
  Circuit flow of money by W.T. Foster, 1922
• 
  Model of an operation research study, 1959
• 
  The competitive price system adapted from Samuelson, 1961
• 
  Ball cube, 1970s
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  Viable system model, 1972
• 
  Circular flow model by Hrubovcak, 1995
• 
  Time space behavior, 1995
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  Transformation model, 1995
• 
  Five sector circular flow diagram, 2006
• 
  System of Agribusiness, 2007
• 
  Agribusiness Chain, 2007
• 
  Agri ecosystem, 2007
• 
  Systems thinking about the society, 1986-2007
• 
  Two sector circular flow diagram, 2008
• 
  With surroundings, 2008
• 
  Four sector circular flow diagram, 2009
• 
  Diagram of a Functional Macroeconomics System, 2011
• 
  Three sector circular flow diagram, 2011

Economic distribution

• 
  Channels of distribution for various lines of goods, 1915.
• 
  Channels of distribution, Drugs and Shoes, 1915.
• 
  Channels of distribution, Co-Operative Fruit Marketing, 1915
• 
  U.S. sulfur flow diagram adapted from Ober, 1992
• 
  U.S aluminum flow diagram adapted from Wilburn and Wagner, 1993
• 
  Agribusiness Chain, 2007
• 
  Agribusiness Chain, 2007
• 
  Supply and demand network, 2011

Other economic organization: Organization of Capital

• 
  The Rockefeller-Morgan Family Tree, 1904
• 
  Greater New York Public Utility Family Tree, 1904
• 
  Greater Steam Railroad Groups, 1904
• 
  Holding company, 1909
• 
  Banking Influence in Large Corporations, 1914
• 
  Method of payment for American purchase of foreign goods, 1919
• 
  Organization of Capital with Holding Corporation, 1919

Other economic organization: Systems of advertising and merchandising

• 
  Systems of advertising, 1906
• 
  Plan of Organization for National Livestock Producers Association by Randall (1), 1928
• 
  Plan of Organization for National Livestock Producers Association by Randall (2), 1928

Circular flow diagrams

Main gallery: Circular flow diagram.

• 
  The competitive price system adapted from Samuelson, 1961
• 
  Circular flow model by Hrubovcak, 1995
• 
  Two sector circular flow diagram, 2008
• 
  Three sector circular flow diagram, 2011
• 
  Four sector circular flow diagram, 2009
• 
  Four sectors, three market places, 2007
• 
  Five sector circular flow diagram, 2006
• 
  With surroundings, 2008

Classification charts

• 
  Classification of the Industrial Population, 1905
• 
  Class battle fronts diagram, 1917
• 
  Differentiation of productive enterprises, 19
• 
  Michael Porter's Value Chain, 1985
• 
  Business Process Framework (eTOM), 2001
• 
  Supply-chain operations reference, 2000s
• 
  Stakeholders, 2008
• 
  Business Model Canvas, 2010

Corporation finance

• 
  The Rockefeller-Morgan Family Tree, 1904
• 
  Greater New York Public Utility Family Tree, 1904
• 
  Greater Steam Railroad Groups, 1904
• 
  Corporation finance circular flows, 1909
• 
  Corporation finance pyramid, 1909
• 
  Holding company, 1909
• 
  Banking Influence in Large Corporations, 1914

Classification of total costs

• 
  Costs of Operating and Maintaining a Railroad, 1857
• 
  Symbolic Tree of Costs in Arsenal, 1885
• 
  Cost value of operations in machine shop, 1903
• 
  System concerning costs and leaks, US Steel Co, 1903.
• 
  Chart of Total Construction Costs, 1909
• 
  Dependence of total cost of supplying steam, 1914
• 
  Diagram Showing Relations of Cost Elements to Selling Price, 1919

Cost accounting systems

Main gallery: Cost accounting.

• 
  Factory accounts, Books and Forms used in connection with Wages, 1889
• 
  Diagram of Manufacturing Accounts, 1896
• 
  Prime expenditure divisions of a factory, 1903
• 
  Principles of Organization by Production Factors, 1910
• 
  System of controlling Accounts, 1910
• 
  Analysis of General Ledger, 1913/19
• 
  Relation of Cost Books to Commercial Books, 1913/19
• 
  Relation of Stores Records to Commercial Records, 1913/19

Cost accounting data flow diagrams

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  Factory accounts, Books and Forms used in connection with Wages, 1889
• 
  Factory accounts, Books and Forms used in connection with Prime Cost
• 
  Prime Organization Elements of an Industrial Body, 1904
• 
  Operations of a Factory System, 1913/19
• 
  Relation between Time Cards, and Work Tickets, 1919

Further reading

• Giraud, Yann. "The Supply and Demand of Graphic Representation: Visual Culture and Economics Textbooks (1948-1969) archive copy at the Wayback Machine," 2008.
• Charles, Loïc, and Yann Giraud. "Economics for the Masses: The Visual Display of Economic Knowledge in the United States (1910-45)." History of Political Economy 45.4 (2013): 567-612.

See also

• Cost accounting
• Cultural diagram
• Geographic diagram
• Management diagram
• Organizational chart
• Public administration diagram