The physiocratic system [marks still further progress] in that it considers a certain form of labor, viz.
How difficult and great was the transition, is evident from the way Adam Smith himself falls back from time to time into the physiocratic system.
But the Physiocratic conception of the Creator is essentially a deistic one: he stands apart from the course of nature which he has established, and keeps his hands off.
When this natural system of the Physiocratic speculation is looked at from the side of the psychology of the investigators, or from that of the logical premises employed, it is immediately recognised as essentially animistic.
The Physiocratic God can scarcely be said to be an economic fact, but it is otherwise with that Nature whose ways and means constitute the subject-matter of the Physiocratic inquiry.
Physiocratic economics is a theory of the working-out of the Law of Nature (loi naturelle) in its economic bearing, and this Law of Nature is a very simple matter.
There is already discernible a tone of dispassionate and colorless "tendency" about the Physiocratic animism, such as to suggest a wavering towards the side of normality.
The settled course of material facts tending beneficently to the highest welfare of the human race,--this is the final term in the Physiocratic speculations.
In leaving the Physiocratic discipline and the immediate sphere of Physiocratic influence for British ground, we are met by the figure of Hume.
Nature, then, is the final term in the Physiocratic speculations.
Account has been taken of the effect of natural-rights preconceptions upon the Physiocratic schemes of policy and economic reform as well as upon the details of their doctrines.
One phase of the error was the idea held by the physiocratic writers and by Adam Smith that in agriculture "nature labors along with man," while in manufacture "nature does nothing, man does all.
Lafayette accepted the first correction but not the second; he was too much under the influence of his physiocratic friends even to understand the much more advanced theory of Jefferson.
In keeping withphysiocratic views the laws tended to the release of realty from incumbrances and to the distribution of lands among many persons.
Legislation concerning property was characterized by the ideas of the physiocratic school of thinkers, who referred all social and economic problems to the land as the fundamental basis.
Sidenote: Influence of the physiocraticschool on legislation affecting property.
His error is doubtless a remnant of the Physiocratic doctrine, to which Smith still held.
A much more fundamental refutation of the Physiocratic Principle is to be found in Jacob, N.
How violent an innovation the Physiocratic theory was in its time may be inferred from what Zincke writes in the Leipzig Sammlungen, X, 551 ff.
Per contra, see Dohm on the Physiocratic system, in the Deutsch.
Footnote 1: In Mr. Coleridge's masterly analysis and confutation of the physiocratic system of the early French revolutionists, in the Friend, he has the following passage in the nature of a reductio ad absurdum.
At the commencement of the French Revolution, in the remotest villages every tongue was employed in echoing and enforcing the almost geometrical abstractions of the physiocratic politicians and economists.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "physiocratic" in a variety of sentences. We hope that you will now be able to make sentences using this word.
