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(economics, now historical) Any of a group of economists in 18th-century France who believed that the government should not seek to influence the operation of natural economic laws.

Physiocrats believed in the natural order of the economy.

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physiocrats

noun

plural of physiocrat

The physiocrats believed in the importance of natural economic laws.

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physiocratic

adj

Of or relating to the physiocrats.

He was a prominent figure in the physiocratic movement.

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physiocratism

noun

The ideology of the physiocrats

Physiocratism was a prominent economic ideology in the 18th century.

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