physiocrat
Agricultural wealth advocate
A physiocrat is an adherent of physiocracy, an 18th-century French economic theory holding that land and agriculture are the sole sources of wealth and that government should not interfere with natural economic laws.
The physiocrats opposed mercantilism and influenced later free-market thinking: The physiocrats believed manufacturing merely transformed what agriculture produced.
Noninterference in commerce
- natural orderInnate arrangement of things
- free tradeUnrestricted international exchange
- enlightenmentProfound spiritual awakening
- classical economicsOriginal free-market doctrine
Property and grounds
- demesneLord's private estate
- tenureProtected employment status
- freeholdPermanent property title
- leaseholdRented property interest
enclosure · landed gentry · aristocracy · proprietor · rentier · ground rent · inheritance · primogeniture
Fostering growth through care
- tillageSoil preparation for planting
- harvestGathering mature crops
- husbandryFarm management practice
- agronomyCrop and soil science
crop rotation · sowing · plowing · farmstead · irrigation · fertilizer · viticulture · horticulture
Amount exceeding requirement
- capitalWealth used for investment
- prosperityGood fortune, success
- revenueBusiness income total
- taxationCompulsory government revenue collection
abundance · circulation · accumulation · riches · assets · resources · national wealth · economic output
laissez-faire
Noninterference in commerce
- natural orderInnate arrangement of things
- free tradeUnrestricted international exchange
- enlightenmentProfound spiritual awakening
estate
Property and grounds
leasehold · enclosure · landed gentry · aristocracy · proprietor · rentier · ground rent · inheritance · primogeniture · domain
cultivation
Fostering growth through care
agronomy · crop rotation · sowing · plowing · farmstead · irrigation · fertilizer · viticulture · horticulture · pastoralism
surplus
Amount exceeding requirement
- capitalWealth used for investment
- prosperityGood fortune, success
- revenueBusiness income total
taxation · abundance · circulation · accumulation · riches · assets · resources · national wealth · economic output
physiocratmercantilist
Pro-export, anti-import economist
protectionist · interventionist · socialist · Marxist · communist
physiocratindustrialist
Major manufacturing business owner
commercialist · manufacturer · mercantilist · free trader · capitalist
democrat, aristocrat, autocrat, theocracy, plutocrat, technocrat