- one 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.
Origin of physiocrat
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- a follower of Quesnay's doctrines of government, believing that the inherent natural order governing society was based on land and its natural products as the only true form of wealth
C18: from French physiocrate; see physio-, -crat