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 (François 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.]
By Thomas Davidson
