and the Emergence of Capitalist Landed Property
(18) The mere adoption of French physiocracy
apparently cast doubt on the intellectual originality of Spanish economists (Lluch and Argemi 45).
is the name of an economic current that parts from the conviction that only agriculture can be at the basis of the wealth of a country and finds its expression in the classical liberal exigence of a free market and a minor or reduced role for the state.
Abstract: Nicolas Baudeau is well known as the creator of the journal Ephemerides du citoyen', was earlier an opponent of Physiocracy
, but later came to find his place in the circle of 'Economistes'.
, the originator of today's neo-classical economics, represented the rebellion of the landowning class against the policies on this list in pre-Revolutionary France.
Like Mercantilist thought, Physiocracy
was affected significantly by economic specialties of the term it appeared.
Marx criticises physiocracy
's identification of value with nature's material use-value.
When he studied in Paris as a young man, Kosciuszko became obsessed with a new economic theory called physiocracy
developed by Francois Quesnay.
Gray's informative essay examines the economic school of physiocracy
, the immediate predecessor of the classical economics that began with Adam Smith.
, advising Hoover to balance the federal budget by increasing taxes, allowing banks to fail during the 1930s, etc.) so there is no reason to think that economists are not wrong now.
developed in France during the period of mercantilism but before Smith revolutionized economics with the publication of The Wealth of Nations.
Aristotle is exhibiting here a hardy physiocracy
that views only agriculture as 'productive' and only landowning as honourable.