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AI overview
Physiocracy was an 18th-century economic theory developed by French Enlightenment thinkers who argued that a nation's wealth came entirely from agriculture and land development, and that agricultural products should command high prices. It matters because it was one of the first systematic attempts to explain how economies work, laying important groundwork for modern economic thought.
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Wikidata facts
- Instance of
- school of thought
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- described by source
- Encyclopædia Britannica 11th edition
- topic's main category
- Category:Physiocracy
- Commons category
- Physiocracy
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