The Physiocratic Theory of Economic Policy

Warren Samuels

Chapter 2 in Essays in the History of Mainstream Political Economy, 1992, pp 28-46 from Palgrave Macmillan

Abstract: Abstract The conventionally accepted interpretation of the Physiocratic theory of economic policy1 is that of laissez-faire. While partial dissents have been registered, the laissez-faire view has persisted substantially unchallenged. The purpose of this article is to restate the theory of economic policy to which Physiocratic doctrine can be meaningfully and operationally reduced, including a delineation of the role of laissez-faire.

Keywords: Economic Policy; Political Economy; Social Control; Agricultural System; Agricultural Commodity (search for similar items in EconPapers)
Date: 1992
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Journal Article: The Physiocratic Theory of Economic Policy (1962)
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DOI: 10.1007/978-1-349-12266-0_3

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