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The Physiocrats

In: Handbook of the History of Economic Thought

Author

Listed:
  • Lluis Argemí d’Abadal

    (University of Barcelona)

Abstract

The physiocrats, a group of economists whose period of greatest activity was between 1756 and 1774, the year of the death of François Quesnay, master of the group, had a short life as a school. The birth of the school can be traced to the meeting of the two founders, François Quesnay and the Marquis de Mirabeau, in July 1757. But 2 years before, in 1755, an event of the greatest importance had taken place: the publishing, some 25 years after its writing, of the masterwork of Richard Cantillon Essai sur la nature du commerce en général. Cantillon’s work has been defined as the first complete treatise on political economy, but it also contributed to the birth of physiocracy, the first school. So our history must begin with this contribution.

Suggested Citation

  • Lluis Argemí d’Abadal, 2012. "The Physiocrats," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), Handbook of the History of Economic Thought, chapter 0, pages 137-159, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4419-8336-7_5
    DOI: 10.1007/978-1-4419-8336-7_5
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