Physiocracy

Definitions

  • Chambers's Twentieth Century Dictionary
    • n Physiocracy fiz-i-ok′rā-si the economic doctrine of the physiocrats (François Quesnay, 1694-1744, and his followers), that society should be governed by a natural order inherent in itself, land and its products the only true source of wealth, direct taxation of land the only proper source of revenue
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Etymology

Chambers's Twentieth Century Dictionary
Gr. physis, nature, kratein, to rule.

Usage

In literature:

This is what was meant by Physiocracy, the supremacy of the Natural Order.
"The Idea of Progress" by J. B. Bury
Free trade no less than agrarianism characterized physiocracy.
"Benjamin Franklin" by Frank Luther Mott
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