Physiocrats

The principles of the Physiocrats are the outgrowth of the philosophy of the time.

Schools of Political Economy Part One 2008

In France there grew up a school of economic writers later known as the Physiocrats, who protested against the balance of trade doctrine of the Mercantile School and summed up the duties of the government towards industry and commerce in the famous phrase "laissez faire et laissez passer".

The Catholic Encyclopedia, Volume 12: Philip II-Reuss 1840-1916 1913

The French Economists or "Physiocrats," as they were afterwards called, who formed a definite school before 1760 -- Quesnay the master, Mirabeau, Mercier de la Riviere, and the rest -- envisaged their special subject from a wide philosophical point of view; their general economic theory was equivalent to a theory of human society.

The Idea of Progress An inguiry into its origin and growth 1894

Defenders of seignorial rights tried to turn the tables on the Physiocrats by contending that these rights were "natural" properties acquired legitimately through contracts freely entered into by tenants.

Food That Tastes Good and is Good For You, Too 2007

The Physiocrats, too, advocated the gradual scaling back of seignorial dues, as well as the elimination of state-imposed restrictions on the use and disposition of property, which they portrayed as impediments to expanding output.

Food That Tastes Good and is Good For You, Too 2007

Although they did not deny the legality of seignorial property outright, the Physiocrats undercut its legitimacy by representing seignorial rights as the product of the lords 'historic violence and tyranny over the peasantry.

Food That Tastes Good and is Good For You, Too 2007

A similar attack on seignorialism was launched in France by a group of influential political economists called the Physiocrats.

Food That Tastes Good and is Good For You, Too 2007

What is not revealed in the standard textbook definition of the Ricardian theory of rents is the uses made of the assumption of the Physiocrats that only land yields surplus value and the view of the resources of nature that results.

Classical economics 2008

For the Physiocrats, only land can produce surplus value and capital investments do not increase this value.

Classical economics 2008

If, for example, 50 bushels of wheat yields a crop of 200 bushels, the Physiocrats would argue that the additional 150 bushels is a gift from nature with surplus value.

Classical economics 2008