Physiocracy was an 18th century movement originating in France. Physiocrats were economists who believed the wealth of a nation is derived exclusively from land agriculture. Their most important contribution to economic theory was the emphasis on productive work.
pros and cons about mercantilist and physiocrats
pros and cons of physiocrats
physiocrats focused on econimic reforms where as mecantilists focused on expoting more than importing
francois quesnay
the physiocrats
They hated the mercantilism
physiocrats
Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.
the government policy they support was natural laws.
For me, it is the physiocrats which is effective, because it deals the importance and value of land agriculture and land development which is totally the main sort of living esp. In philippines.w/ out the agricultural products, we cannot live longer.
A physiocrat is a member of a school of political economists founded in 18th century France and characterized chiefly by a belief that government policy should not interfere with the operation of natural economic laws and that land is the source of all wealth.
what did physiocrats like necker and calonne propose