physiocracy

E166186

18th-century ideology economic doctrine school of economic thought

Physiocracy is an 18th-century economic doctrine that viewed land and agriculture as the primary sources of a nation’s wealth and advocated minimal government intervention in the economy.

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All labels observed (7)

Label	Occurrences
Physiocracy	3
Physiocratie	2
physiocracy canonical	2
physiocratic school	2
French Physiocrats	1
Physiocratic school	1
physiocrats	1

Statements (48)

Predicate	Object
instanceOf	18th-century ideology ⓘ economic doctrine ⓘ school of economic thought ⓘ
advocates	laissez-faire economic policy ⓘ minimal government intervention in the economy ⓘ
associatedWith	Anne-Robert-Jacques Turgot ⓘ surface form: Anne Robert Jacques Turgot François Quesnay ⓘ Pierre Samuel du Pont de Nemours ⓘ Victor Riqueti, marquis de Mirabeau ⓘ surface form: Victor de Riqueti, Marquis de Mirabeau
category	history of economic thought ⓘ
critiquedBy	Karl Marx ⓘ classical economists ⓘ
declinedInInfluence	late 18th century ⓘ
developedBy	François Quesnay ⓘ
emergedInCentury	18th century ⓘ
emphasizes	natural economic order ⓘ the rule of natural law in economic life ⓘ
etymology	from Greek physis and kratos meaning rule of nature ⓘ
foundedBy	François Quesnay ⓘ
hasCoreBelief	agriculture is the primary source of wealth ⓘ land is the primary source of wealth ⓘ manufacturing and trade are sterile sectors ⓘ only agricultural production creates a net surplus ⓘ
hasKeyWork	Tableau économique ⓘ
historicalContext	pre-Revolutionary France ⓘ
holdsThat	economic processes can be represented in circular flow models ⓘ wealth derives from the net product of land ⓘ
influenced	Adam Smith ⓘ classical economics ⓘ laissez-faire liberalism ⓘ
languageOfOrigin	French ⓘ
opposedTo	mercantilism ⓘ
originatedInCountry	France ⓘ
peakInfluencePeriod	1750s ⓘ 1760s ⓘ
supportsPolicy	abolition of many indirect taxes ⓘ free trade in grain ⓘ removal of internal trade barriers ⓘ single tax on land ⓘ
timePeriod	Ancien Régime ⓘ surface form: Ancien Régime France
usesConcept	circular flow of income ⓘ net product ⓘ
viewsGovernmentRoleAs	enforcer of natural economic laws ⓘ protector of property rights ⓘ
viewsSectorAsProductive	agriculture ⓘ primary extractive industries ⓘ
viewsSectorAsSterile	commerce ⓘ manufacturing ⓘ

Referenced by (12)

Full triples — surface form annotated when it differs from this entity's canonical label.

Anne-Robert-Jacques Turgot → movement → physiocracy ⓘ

François Quesnay → movement → physiocracy ⓘ

this entity surface form: Physiocracy

François Quesnay → notableWork → physiocracy ⓘ

this entity surface form: Physiocratie

François Quesnay → memberOf → physiocracy ⓘ

this entity surface form: Physiocratic school

Anne-Robert-Jacques → movement → physiocracy ⓘ

subject surface form: Anne-Robert-Jacques Turgot

this entity surface form: Physiocracy

Réflexions sur la formation et la distribution des richesses → influencedBy → physiocracy ⓘ

this entity surface form: physiocratic school

Lettre sur la liberté du commerce des grains → influencedBy → physiocracy ⓘ

this entity surface form: physiocrats

Victor Riqueti, marquis de Mirabeau → movement → physiocracy ⓘ

this entity surface form: Physiocracy

Victor Riqueti, marquis de Mirabeau → influenced → physiocracy ⓘ

this entity surface form: French Physiocrats

Pierre Samuel du Pont de Nemours → movement → physiocracy ⓘ

Pierre Samuel du Pont de Nemours → notableWork → physiocracy ⓘ

this entity surface form: Physiocratie

Pierre Samuel du Pont de Nemours → memberOf → physiocracy ⓘ

this entity surface form: physiocratic school