Physiocracy
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Physiocracy is an economic theory developed by a group of 18th-century Age of Enlightenment French economists. They believed that the wealth of nations derived solely from the value of "land agricultu
François Quesnay, a physician who is considered the founding father of physiocracy, published the "Tableau économique" (Economic Table) in 1758
Pierre Samuel du Pont de Nemours, a prominent physiocrat. In his book La Physiocratie, du Pont advocated low tariffs and free trade.
Adam Smith
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Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics", or
Physiocracy
…Turgot (1727–1781) dominated the movement, which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's The Wealth of Nations in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth…
Posthumous Muir portrait, c. 1800
François Quesnay, one of the leaders of the physiocratic school of thought
David Hume was a friend and contemporary of Smith's.
Portrait of Smith by John Kay, 1790