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Webster 1913 Edition

(fĭz′ĭ-ō̍-krăt)

Noun.

[Gr.

φύσισ

nature +

κρατεῖν

to rule.]

One of the followers of Quesnay of France, who, in the 18th century, founded a system of political economy based upon the supremacy of natural order.

F. A. Walker.

–

Physˊi-o-crat′ic

(#)

Adj.

physiocrat ‎(plural physiocrats)

(economics, 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.
- 2002, Colin Jones, The Greta Nation, Penguin 2003, p. 219:
  The Physiocrats espoused a professional service ethic and, in the interests of societal welfare, sought to establish laws of political economy and social relations.

economist