- Religion and Philosophy»
- The Role of Religion in History & Society
Major “Physiocrats” or “Economists” during the Age of the Enlightenment
Referring to themselves as the economists, Physiocrats considered themselves as having been the first to consider the problem and issues of economy on a national platform. During the enlightenment, the major physiocrats included François Quesnay and Anne-Robert-Jacques Turgot. According to the Physiocrats, the entire society would ultimately benefit of everyone was free to pursue their own economic self- interests. Moreover, they were of the opinion that the government should not impose regulations on the economy, and thus stay clear of free play and natural economy (laissez-faire economics). Moreover, they felt that the wealth of nations was solely founded on the value of their respective land development/agriculture. In addition, they agreed that products from these lands (agricultural products) should have a high price in order to improve the wealth of the nation.
For this group, the good people of people of value were the agricultural laborers since they tended the land and strived to grow crops, which would in turn benefit the nation. For this reason, other groups such as the merchants, artisans and those who lived in the city were labeled as the sterile category, and were not considered to create value.