Physiocrats

Word PHYSIOCRATS
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Definitions and meanings of "Physiocrats"

What do we mean by physiocrats?

Any of a group of economists in 18th century France who believed that the government should not seek to influence the operation of natural economic laws.

Synonyms and Antonyms for Physiocrats

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The word "physiocrats" in example sentences

In fact he praised the French physiocrats, with whom the term laissez-faire originated. ❋ Unknown (2010)

But it's not as if the entire discipline, with its roots in Adam Smith and the physiocrats and its tradition of rational inquiry, has been debunked; rather it was the predictive aspect of the field, with its all-seeing, all-knowing markets and its powerful grip on policymaking, that has taken the most knocks. ❋ Robert Teitelman (2010)

Industry and commerce, according to the physiocrats, were basically “sterile” and could not add to the wealth created by the land. ❋ Unknown (2009)

Quesnay and other physiocrats greatly influenced the views of Adam Smith and the fields of biophysical and ecological economics in the 20th century. ❋ Unknown (2009)

The physiocrats particularly highlighted the systematic relationships that exist between environment, land, food production, prices, rents, and other forms of economic development. ❋ Daniel Little (2009)

The physiocrats and the British political economists began to postulate causal connections between certain kinds of social facts—settlement, trade, extension of agriculture, and law—with certain kinds of outcomes—the creation of the wealth of nations. ❋ Daniel Little (2009)

The “physiocrats,” a group of French social philosophers writing in the mid 18th century, were the first school of economics. ❋ Unknown (2007)

But if the physiocrats and the representatives of classic economics believed they had built a solid framework by treating economic facts as if they were physical or chemical phenomena amenable to the determination of natural laws, the falsity of such a conception was revealed in the crying contradiction between the theoretic harmony of their conclusions and the terrible social misery which they allowed to exist in reality. ❋ Unknown (2007)

He especially disliked what he took to be the physiocrats 'leading principle: that everyone should have the right to do whatever they want as long as they do not interfere with anyone else. ❋ Beiser, Fred (2007)

The physiocrats never identified how the laws of physics applied to economic systems, but their insistence on treating individuals as sovereign entities, like atoms, in the tradition of key liberal social philosophers such as Hobbes and Locke who assumed that society is merely the sum of its individuals, has stayed with mainstream economics ever since. ❋ Unknown (2007)

According to the physiocrats, real economic activity consisted of working the land. ❋ Unknown (2007)

The belief that natural law determines social order has taken many forms since the physiocrats and inevitably generates controversy. ❋ Unknown (2007)

Adam Smith, the greatest of your economists, head and shoulders above the physiocrats in penetration, clear-headedness and good sense (which are the qualities an economist should have). ❋ Unknown (2003)

The physiocrats, who had proclaimed the doctrine of laissez faire, influenced Jean-Baptiste Say (1767–1832), who emphasized the role of the entrepreneur and freedom of production and exchange in his Traité d'économie politique (1803) and in his courses at the École des Arts et Métiers. ❋ Unknown (2001)

Cross Reference for Physiocrats

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What does physiocrats mean?

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