What is the definition of Physiocracy?

PHYSIOCRACY

\fˌɪzɪˈɒkɹəsi], \fˌɪzɪˈɒkɹəsi], \f_ˌɪ_z_ɪ__ˈɒ_k_ɹ_ə_s_i]\

Sort: Oldest first

fiz-i-ok'r[=a]-si, n. the economic doctrine of the physiocrats (FranÃ§ois Quesnay, 1694-1744, and his followers), that society should be governed by a natural order inherent in itself, land and its products the only true source of wealth, direct taxation of land the only proper source of revenue.--n. PHYS'IOCRAT, one who maintains these opinions.--adj. PHYSIOCRAT'IC.--n. PHYSIOC'RATISM. [Gr. physis, nature, kratein, to rule.]

1908 - Chambers's Twentieth Century Dictionary of the English Language
By Thomas Davidson

Tilings capable of being inherited, be it corporeal or incorporeal,real, personal, mixed, and including not only lands everything thereon, but alsolieir-looms, certain furniture which, by custom, may descend to the heir togetherwith (he land. Co. Litt. 5b; 2 Bl. Comm. 17; Nell is v. Munson, 108 N. Y. 453, 15 E.730; Owens Lewis, 40 Ind. 508, Am. Rep. 205; Whitlock Greacen. 4S J. Eq.350. 21 Atl. 944; Mitchell Warner, 5 Conn. 407; New York Mabie, 13 150, 04Am. Dec. 53S. Estates. Anything capable of being inherited, be it corporeal or incorporeal, real, personal, mixed and including not only lands everything thereon, but also heir looms, certain furniture which, by custom, may descend to the heir, together with land. Co. Litt. 5 b; 1 Tho. 219; 2 Bl. Com. 17. this term such things are denoted, as subject-matter inheritance, inheritance itself; cannot therefore, its own intrinsic force, enlarge an estate, prima facie a life into fee. B. & P. 251; 8 T. R. 503; 219, note Hereditaments are divided into corporeal and incorporeal. confined to lands. (q. v.) Vide Incorporeal hereditaments, Shep. To. 91; Cruise's Dig. tit. 1, s. 1; Wood's Inst.221; 3 Kent, Com. 321; Dane's Ab. Index, h.t.; 1 Chit. Pr. 203-229; 2 Bouv. Inst. n. 1595, et seq.