physiocrat (Meaning)
physiocrat (n.)
One of the followers of Quesnay of France, who, in the 18th century, founded a system of political economy based upon the supremacy of natural order.
Synonyms & Antonyms of physiocrat
No Synonyms and anytonyms found
physiocrat Sentence Examples
- Physiocrats believed that the natural laws of economics, like those governing the physical world, should guide economic policy.
- The physiocrats emphasized the importance of agriculture as the foundation of a thriving economy.
- The physiocrat François Quesnay developed an economic model called the Tableau Économique, which depicted the interconnectedness of economic sectors.
- According to the physiocrats, the free flow of goods and services across borders would increase overall economic prosperity.
- The physiocrat Anne Robert Jacques Turgot advocated for the abolition of trade barriers and the promotion of free trade.
- The physiocrats opposed government intervention in the economy, believing that it disrupted the natural harmony of economic forces.
- The physiocrat Marquis de Mirabeau criticized the concept of mercantilism, as it placed too much emphasis on the accumulation of wealth through trade.
- The physiocrat Pierre Samuel du Pont de Nemours developed the theory of physiocracy, which emphasized the importance of natural resources in economic development.
- The physiocrats' ideas influenced the development of classical economics and later economic thought.
- Despite its popularity during the 18th century, physiocracy gradually declined in influence as economists adopted more complex and comprehensive models of the economy.
FAQs About the word physiocrat
One of the followers of Quesnay of France, who, in the 18th century, founded a system of political economy based upon the supremacy of natural order.
No synonyms found.
No antonyms found.
Physiocrats believed that the natural laws of economics, like those governing the physical world, should guide economic policy.
The physiocrats emphasized the importance of agriculture as the foundation of a thriving economy.
The physiocrat François Quesnay developed an economic model called the Tableau Économique, which depicted the interconnectedness of economic sectors.
According to the physiocrats, the free flow of goods and services across borders would increase overall economic prosperity.
