How did the ideas of the physio crates change the way the government was run?

Answer 1

The physiocrats, an 18th-century economic school of thought, emphasized the importance of agriculture and Natural Resources as the primary sources of wealth. They advocated for minimal government intervention in the economy, promoting free trade and the idea that land was the source of all economic value. Their ideas influenced governmental policies by encouraging deregulation and a focus on agricultural production, which ultimately shaped early capitalist economies and contributed to the development of laissez-faire economic principles. This shift toward valuing economic freedom underscored the importance of rational governance based on natural laws rather than mercantilist practices.