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The Physiocrats: French Precursors to Classical Economics and Laissez Faire

Author

Listed:
  • Hobbs Bradley K.

    (Clinical Professor of Economics, Clemson University, Clemson, USA)

  • Wenzel Nikolai G.

    (Fayetteville State University, Fayetteville, USA)

Abstract

The eighteenth-century Physiocrats are widely considered to be precursors to classical economics, the French ninteenth-century Economistes, and contemporary free-market economics. They advocated free trade against mercantilism, and natural law against despotism. Although the Physiocrats also contributed to Walras and modern economic engineering, they fit squarely within the French (and world) liberal tradition.

Suggested Citation

  • Hobbs Bradley K. & Wenzel Nikolai G., 2022. "The Physiocrats: French Precursors to Classical Economics and Laissez Faire," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 28(1), pages 41-57, June.
  • Handle: RePEc:bpj:jeehcn:v:28:y:2022:i:1:p:41-57:n:6
    DOI: 10.1515/jeeh-2022-0019
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