- 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
Word Origin for physiocrat
C18: from French physiocrate; see physio-, -crat
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012