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- Physiocracy abstract "Physiocracy (from the Greek for "Government of Nature") is an economic theory developed by a group of 18th century French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy is perhaps the first well-developed theory of economics.The movement was particularly dominated by François Quesnay (1694–1774) and Anne-Robert-Jacques Turgot (1727–1781). It immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's The Wealth of Nations in 1776.The most significant contribution of the Physiocrats was their emphasis on productive work as the source of national wealth. This is in contrast to earlier schools, in particular mercantilism, which often focused on the ruler's wealth, accumulation of gold, or the balance of trade. Whereas, the Mercantilist school of economics said that value in the products of society was created at the point of sale, by the seller exchanging his products for more money than the products had "previously" been worth, the Physiocratic school of economics was the first to see labor as the sole source of value. However, for the Physiocrats, only agricultural labor created this value in the products of society. All "industrial" and non-agricultural labor was "unproductive appendages" to agricultural labor.At the time the Physiocrats were formulating their ideas, economies were almost entirely agrarian. That is presumably why the theory considered only agricultural labor to be valuable. Physiocrats viewed the production of goods and services as consumption of the agricultural surplus, since the main source of power was from human or animal muscle and all energy was derived from the surplus from agricultural production. Profit in capitalist production was really only the "rent" obtained by the owner of the land on which the agricultural production is taking place.The perceptiveness of the Physiocrats' recognition of the key significance of land was reinforced in the following half-century, when fossil fuels had been harnessed through the use of steam power[citation needed]. Productivity increased manyfold. Railways, and steam-powered water supply and sanitation systems, made possible cities of several millions, with land values many times greater than agricultural land. Thus, whilst modern economists also recognize manufacturing and services as productive and wealth-creating, the underlying principles laid down by the Physiocrats remain valid[citation needed]. Physiocracy also has an important contemporary relevance in that all life remains dependent on the productivity of the raw soil and the ability of the natural environment to renew itself[citation needed].Historian David B. Danbom explains, "The Physiocrats damned cities for their artificiality and praised more natural styles of living. They celebrated farmers." They called themselves économistes, but are generally referred to as physiocrats to distinguish them from the many schools of economic thought that followed them.".
- Physiocracy thumbnail Pierre_Samuel_du_Pont_de_Nemours.jpg?width=300.
- Physiocracy wikiPageExternalLink tableausum.htm.
- Physiocracy wikiPageExternalLink youth.
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- Physiocracy wikiPageExternalLink sici?sici=1634-2941%28200211%2F12%2957%3A6%3C855%3ATPFOAE%3E2.0.CO%3B2-Q.
- Physiocracy wikiPageExternalLink summary.
- Physiocracy wikiPageExternalLink A_history_of_economic_doctrines_from_the_time_of_the_physiocrats_to_the_present_day.
- Physiocracy wikiPageID "45440".
- Physiocracy wikiPageRevisionID "605990691".
- Physiocracy hasPhotoCollection Physiocracy.
- Physiocracy subject Category:Agrarian_theorists.
- Physiocracy subject Category:Agrarianism.
- Physiocracy subject Category:Classical_liberalism.
- Physiocracy subject Category:History_of_economic_thought.
- Physiocracy subject Category:Land_value_taxation.
- Physiocracy subject Category:Physiocrats.
- Physiocracy subject Category:Preclassical_economics.
- Physiocracy type AgrarianTheorists.
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- Physiocracy comment "Physiocracy (from the Greek for "Government of Nature") is an economic theory developed by a group of 18th century French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century.".
- Physiocracy label "Fisiocracia".
- Physiocracy label "Fisiocracia".
- Physiocracy label "Fisiocrazia".
- Physiocracy label "Fizjokratyzm".
- Physiocracy label "Fysiocratisme".
- Physiocracy label "Physiocracy".
- Physiocracy label "Physiocratie".
- Physiocracy label "Physiokratie".
- Physiocracy label "Физиократия".
- Physiocracy label "فيزيوقراطية".
- Physiocracy label "重农主义".
- Physiocracy label "重農主義".
- Physiocracy sameAs Fyziokratismus.
- Physiocracy sameAs Physiokratie.
- Physiocracy sameAs Φυσιοκράτες.
- Physiocracy sameAs Fisiocracia.
- Physiocracy sameAs Eskola_fisiokratiko.
- Physiocracy sameAs Physiocratie.
- Physiocracy sameAs Psiokrat.
- Physiocracy sameAs Fisiocrazia.
- Physiocracy sameAs 重農主義.
- Physiocracy sameAs Fysiocratisme.
- Physiocracy sameAs Fizjokratyzm.
- Physiocracy sameAs Fisiocracia.
- Physiocracy sameAs m.0cbyw.
- Physiocracy sameAs Q183244.
- Physiocracy sameAs Q183244.
- Physiocracy sameAs Physiocracy.
- Physiocracy wasDerivedFrom Physiocracy?oldid=605990691.
- Physiocracy depiction Pierre_Samuel_du_Pont_de_Nemours.jpg.
- Physiocracy isPrimaryTopicOf Physiocracy.