The influence of Adam Smith's direct/indirect distinction was probably greater than that of the physiocrats
and the World of the Enlightenment.
It is Marxist, Maritainian, or inspired by some recognized group of thinkers (the Physiocrats
, the Cambridge Platonists).
By the end of the 18th century, first in Germany and then in Russia, cameralism gradually began to give way to more liberal ideas of autonomy and self-determination (Adam Smith, the French physiocrats
That capital could enhance the productivity of labour was a 'Marxian' idea that had been adopted earlier by the physiocrats
and, of course, by Adam Smith.
As he argues at the end of the book with reference to the Physiocrats
and Adam Smith, "political economy is constituted .
251) "The Age of Revolutions had begun," observed historian Durand Echeverria, "and the literary symbol of America fashioned by the Physiocrats
and Philosophes was transformed almost overnight into a popular enthusiasm which fired all of France.
Against the French physiocrats
who privileged agriculture, Hamilton found Smith's argument for the efficacy of the division of labor quite useful, even employing the very words of The Wealth of Nations (Bourne 1894, pp.
Some scholars perceive a contradiction between The Theory of Moral Sentiments, his first published work, and The Wealth of Nations that he completes after his visit to France in the period 1764-66 and his contact with Francois Quesnay who with his Tableau economique formulated in 1758 provided the analytical foundations for the Physiocrats
believed that an economy's power derived from its agricultural sector.
The Greeks held that "agriculture is morally better than trade and industry," a prejudice that would persist well into the late 18th century among French physiocrats
and Jeffersonian democrats.
It was the French physiocrats
who considered land the principal input, while the mercantilists often stressed the importance of a favorable trade balance for the process of wealth accumulation.