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Physiocrats


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political economy

Adam Smith (1723—1790) moral philosopher and political economist

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Group of eighteenth‐century French economists who believed that the land is the ultimate source of all wealth, and also in free trade in grain. The latter belief, but not the former, influenced Adam Smith's development of classical economics. See also Enlightenment, French; political economy.

Subjects: Social Sciences — Modern History (1700 to 1945).


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