physiocracy
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a word derived from
physiocrat.
physiocratnounone of a school of political economists who followed Quesnay in holding that an inherent natural order properly governed society, regarding land as the basis of wealth and taxation, and advocating a laissez-faire economy.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Free trade no less than agrarianism characterized physiocracy.
From Benjamin Franklin Representative selections, with introduction, bibliograpy, and notes by Jorgenson, Chester E.
This point alone should suffice to differentiate Jefferson's system from physiocracy, since the Physiocrats had adopted as their motto the famous laissez faire laissez passer and were certainly in favor of free trade.
From Thomas Jefferson The Apostle of Americanism by Chinard, Gilbert
Here, it must be admitted, Franklin did not sanction free trade with a priori appeals to the "natural order," the key in the arch of physiocracy.
From Benjamin Franklin Representative selections, with introduction, bibliograpy, and notes by Jorgenson, Chester E.
So wrote the supposed agrarian to the founder of physiocracy, and this is a prima facie evidence that Jefferson was not a Physiocrat of the first water.
From Thomas Jefferson The Apostle of Americanism by Chinard, Gilbert