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The Physiocrats: A Study in Economic Rationalization
Norman J. Ware
The American Economic Review
Vol. 21, No. 4 (Dec., 1931), pp. 607-619
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/492
Page Count: 13
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An attempt to show how the first "school" of economists created a complex system of socio-political thought to meet the agricultural problem of eighteenth century France and to serve the interests of a new class of commoner landowners.This new class emerged from the french bureaucracy, aping the nobility they superseded, but retaining their bourgeois ideas of profit-making. Their economic doctrines of free trade, the single tax and the sole productivity of agriculture are re-interpreted in the light of the above analysis. The argument is that their system of thought was not the product of "pure" or even "academic" reasoning but of class interest, which they conscientiously regarded as the interest of the nation as a whole.
The American Economic Review © 1931 American Economic Association