physiocracy

E166186

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.

All labels observed (7)

Label Occurrences
Physiocracy 3
Physiocratie 2
physiocracy canonical 2

How this entity was disambiguated

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
François Quesnay
Pierre Samuel du Pont de Nemours
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 France
linked to: Ancien Régime
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

How these facts were elicited

Referenced by (12)

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

François Quesnay movement Physiocracy
linked to: physiocracy
François Quesnay notableWork Physiocratie
linked to: physiocracy
François Quesnay memberOf Physiocratic school
linked to: physiocracy
Anne-Robert-Jacques Turgot movement Physiocracy
subject linked to: Anne-Robert-Jacques
linked to: physiocracy
Réflexions sur la formation et la distribution des richesses influencedBy physiocratic school
linked to: physiocracy
Lettre sur la liberté du commerce des grains influencedBy physiocrats
linked to: physiocracy
Victor Riqueti, marquis de Mirabeau movement Physiocracy
linked to: physiocracy
Victor Riqueti, marquis de Mirabeau influenced French Physiocrats
linked to: physiocracy
Pierre Samuel du Pont de Nemours notableWork Physiocratie
linked to: physiocracy
Pierre Samuel du Pont de Nemours memberOf physiocratic school
linked to: physiocracy