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Physiocracy
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists. They believed that the wealth of nations derived solely from the value of "land agriculture" or " land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of China (pre-1911)
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Rent
In economics, economic rent is any payment to the owner of a factor of production in excess of the costs needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, assuming the market is natural, and does not come about by state and social contrivance, economic rent includes income gained by labor or state beneficiaries or other "contrived" exclusivity, such as labor guilds and unofficial corruption. Overview In the moral economy of the economics tradition broadly, economic rent is distinct from producer surplus, or normal profit, both of which are theorized to involve productive human action. Economic rent is also independent of opportunity cost, unlike economic profit, where opportunity c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anne-Robert-Jacques Turgot
Anne Robert Jacques Turgot, Baron de l'Aulne ( ; ; 10 May 172718 March 1781), commonly known as Turgot, was a French economist and statesman. Sometimes considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to have been the first political economist to have postulated something like the law of diminishing marginal returns in agriculture. Education Born in Paris, Turgot was the youngest son of Michel-Étienne Turgot, "Provost (civil), provost of the merchants" of Paris, and Madeleine Francoise Martineau de Brétignolles, and came from an old Normandy, Norman family. As one of four children, he had a younger sister and two older brothers, one of whom, Étienne-François Turgot (1721–1789), was a naturalist, and served as administrator of Malta and governor of French Guiana. Anne Robert Jacques was educated for the Church, and at the Collège de Sorbonne, Sorbonne, to which he was admitted in 1749 (being then styled ''ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agrarianism
Agrarianism is a social philosophy, social and political philosophy that advocates for rural development, a Rural area, rural agricultural lifestyle, family farming, widespread property ownership, and political decentralization. Those who adhere to agrarianism tend to value traditional forms of local community over urban modernity. Agrarian political parties sometimes aim to support the rights and sustainability of small farmers and poor peasants against the wealthy, powerful and famous in society. Philosophy Some scholars suggest that agrarianism espouses the superiority of rural society to urban society and the independent farmer as superior to the paid worker, and sees farming as a way of life that can shape the ideal social values. It stresses the superiority of a simpler rural life in comparison to the complexity of urban life. For example, M. Thomas Inge defines agrarianism by the following basic tenets: * Farming is the sole occupation that offers total independence and S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercantilism
Mercantilism is a economic nationalism, nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for unilateralism, one-sided trade. The concept aims to reduce a possible current account (balance of payments), current account deficit or reach a current account surplus, and it includes measures aimed at accumulating foreign-exchange reserves, monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies may have contributed to war and motivated colonialism, colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting and bolstering state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre Samuel Du Pont De Nemours
Pierre Samuel du Pont de Nemours ( , ; 14 December 1739 – 7 August 1817) was a French-American writer, economist, publisher and government official. During the French Revolution, he, his two sons and their families migrated to the United States. His son Éleuthère Irénée du Pont was the founder of E. I. du Pont de Nemours and Company. He was the patriarch and progenitor of one of the United States's most successful and wealthiest business dynasties of the 19th and 20th centuries. Early life and family Pierre du Pont was born on 14 December 1739, the son of Samuel du Pont and Anne Alexandrine de Montchanin. His father was a watchmaker and French Protestant, or Huguenot. His mother was a descendant of an impoverished minor noble family from Burgundy. Du Pont married Nicole-Charlotte Marie-Louise le Dée de Rencourt in 1766, also of a minor noble family. They had three sons: Victor Marie (1767–1827), a manufacturer and politician; Paul François (December 1769� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scholar-bureaucrats
The scholar-officials, also known as literati, scholar-gentlemen or scholar-bureaucrats (), were government officials and prestigious scholars in Chinese society, forming a distinct social class. Scholar-officials were politicians and government officials appointed by the emperor of China to perform day-to-day political duties from the Han dynasty to the end of the Qing dynasty in 1912, China's last imperial dynasty. After the Sui dynasty these officials mostly came from the Landed gentry in China, scholar-gentry (紳士 ''shēnshì'') who had earned academic degrees (such as ''xiucai'', ''juren'', or ''Jinshi (imperial examination), jinshi'') by passing the imperial examinations. Scholar-officials were the elite class of imperial China. They were highly educated, especially in literature and the arts, including calligraphy and Confucianism, Confucian texts. They dominated the government administration and local life of China until the early 20th century. Origins and formations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gentry (China)
The "gentry", or "landed gentry" in China was the elite who held privileged status through passing the Imperial exams, which made them eligible to hold office. These literati, or scholar-officials, (''shenshi'' 紳士 or ''jinshen'' 縉紳), also called 士紳 ''shishen'' "scholar gentry" or 鄉紳 ''xiangshen'' "local gentry", held a virtual monopoly on office holding, and overlapped with an unofficial elite of the wealthy. The Tang and Song dynasties expanded the civil service exam to replace the nine-rank system which favored hereditary and largely military aristocrats. As a social class they included retired mandarins or their families and descendants. Owning land was often their way of preserving wealth.Chang Chung-li hongli Zhang ''The Chinese Gentry: Studies on Their Role in Nineteenth-Century Chinese Society'' (Seattle: University of Washington Press, 1955). Confucian classes The Confucian ideal of the four occupations ranked the scholar-official above farmers, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David B
David Robert Jones (8 January 194710 January 2016), known as David Bowie ( ), was an English singer, songwriter and actor. Regarded as one of the most influential musicians of the 20th century, Bowie was acclaimed by critics and musicians, particularly for his innovative work during the 1970s. His career was marked by reinvention and visual presentation, and his music and stagecraft have had a great impact on popular music. Bowie studied art, music and design before embarking on a professional career as a musician in 1963. He released a string of unsuccessful singles with local bands and David Bowie (1967 album), a self-titled solo album (1967) before achieving his first top-five entry on the UK singles chart with "Space Oddity" (1969). After a period of experimentation, he re-emerged in 1972 during the glam rock era with the alter ego Ziggy Stardust (character), Ziggy Stardust. The success of the single "Starman (song), Starman" and its album ''The Rise and Fall of Ziggy Star ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confucianism
Confucianism, also known as Ruism or Ru classicism, is a system of thought and behavior originating in ancient China, and is variously described as a tradition, philosophy, Religious Confucianism, religion, theory of government, or way of life. Founded by Confucius in the Hundred Schools of Thought era (c. 500 BCE), Confucianism integrates philosophy, ethics, and social governance, with a core focus on virtue, Harmonious Society, social harmony, and Filial piety, familial responsibility. Confucianism emphasizes virtue through self-cultivation and communal effort. Key virtues include ''Ren (philosophy), ren'' (benevolence), ''Yi (philosophy), yi'' (righteousness), ''Li (Confucianism), li'' (propriety), ''Wisdom, zhi'' (wisdom), and ''Xin (virtue), xin'' (sincerity). These values, deeply tied to the notion of ''tian'' (heaven), present a worldview where human relationships and social order are manifestations of sacred moral principles.. While Confucianism does not emphasize an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latifundia
A ''latifundium'' (Latin: ''latus'', "spacious", and ''fundus'', "farm", "estate") was originally the term used by ancient Romans for great landed estates specialising in agriculture destined for sale: grain, olive oil, or wine. They were characteristic of Magna Graecia and Sicily, Egypt, Northwest Africa and Hispania Baetica. The ''latifundia'' were the closest approximation to industrialised agriculture in antiquity, and their economics depended upon slavery. In the modern colonial period, the word was borrowed in Portuguese ''latifúndios'' and Spanish ''latifundios'' or simply ''fundos'' for similar extensive land grants, known as '' fazendas'' (in Portuguese) or ''haciendas'' (in Spanish), in their empires. Ancient Rome The basis of the ''latifundia'' notably in Magna Graecia (the south of Italy including Sicilia) and Hispania, was the ''ager publicus'' (state-owned land) that was confiscated from conquered people beginning in the 3rd century BC. As much as a third of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculturalism
Agriculturalism, also known as the School of Agrarianism, the School of Agronomists, the School of Tillers, and in Chinese as the ''Nongjia'' (), was an early Agrarianism, agrarian Chinese philosophy that advocated peasant utopian communalism and egalitarianism. The Agriculturalists believed that Chinese society should be modeled around that of the early sage king Shennong, a folk hero who was portrayed in Chinese literature as "working in the fields, along with everyone else, and consulting with everyone else when any decision had to be reached." They encouraged farming and agriculture and taught farming and cultivation techniques, as they believed that agricultural development was the key to a stable and prosperous society. Agriculturalism was suppressed during the Qin dynasty and most original texts are now lost. However, concepts originally associated with Agriculturalism have influenced Confucianism and Legalism (Chinese philosophy), Legalism, as well as Chinese philosophy as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
