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Physiocratic
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who 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 pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Quesnay
François Quesnay (; 4 June 1694 – 16 December 1774) was a French economist and physician of the Physiocratic school. He is known for publishing the "Tableau économique" (Economic Table) in 1758, which provided the foundations of the ideas of the Physiocrats. This was perhaps the first work attempting to describe the workings of the economy in an analytical way, and as such can be viewed as one of the first important contributions to economic thought. His ''Le Despotisme de la Chine'', written in 1767, describes Chinese politics and society, and his own political support for enlightened despotism. Life Quesnay was born at Méré near Versailles, the son of an advocate and small landed proprietor. Apprenticed at the age of sixteen to a surgeon, he soon went to Paris, studied medicine and surgery there, and, having qualified as a master-surgeon, settled down to practice at Mantes. In 1737 he was appointed perpetual secretary of the academy of surgery founded by François Gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services
Goods are items that are usually (but not always) tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include architects, suppliers, contractors, technologists, teachers, doctors, lawn care workers, dentists, barbers, waiters, online servers, a digital book, a digital video game or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services (see: Distribution: Channels and intermediaries). History Physiocratic economists categorized production into productive labour and unproductive labour. Adam Smith expanded this thought by arguing that any economic activities directly re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victor De Riqueti, Marquis De Mirabeau
Victor de Riqueti, Marquis de Mirabeau (5 October 1715, Pertuis13 July 1789, Argenteuil) was a French economist of the Physiocratic school. He was the father of Honoré, Comte de Mirabeau and André Boniface Louis Riqueti de Mirabeau. He was, in distinction, often referred to as the elder Mirabeau as he had a younger brother, Jean-Antoine Riqueti de Mirabeau (17171794). Biography Mirabeau was brought up very sternly by his father, and in 1728 joined the army. He took keenly to campaigning, but never rose above the rank of captain, owing to his being unable to get leave at court to buy a regiment. In 1737 he came into the family property on his father's death, and spent some pleasant years till 1743 in literary companionship with Luc de Clapiers, marquis de Vauvenargues and the poet Lefranc de Pompignan, which might have continued had he not determined to marry not for money, but for landed estates. The lady whose property he fancied was Marie-Geneviève, daughter of a M. de Va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agrarianism
Agrarianism is a political and social philosophy that has promoted subsistence agriculture, smallholdings, and egalitarianism, with agrarian political parties normally supporting the rights and sustainability of small farmers and poor peasants against the wealthy in society. In highly developed and industrial nations or regions, it can denote use of financial and social incentives for self-sustainability, more community involvement in food production (such as allotment gardens) and smart growth that avoids urban sprawl, and also what many of its advocates contend are risks of human overpopulation; when overpopulation occurs, the available resources become too limited for the entire population to survive comfortably or at all in the long term. Philosophy Some scholars suggest that agrarianism values rural society as superior 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 s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre Samuel Du Pont De Nemours
Pierre Samuel du Pont de Nemours ( or ; ; 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 immigrated 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 December 14, 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 17 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latifundia
A ''latifundium'' (Latin: ''latus'', "spacious" and ''fundus'', "farm, estate") is a very extensive parcel of privately owned land. The latifundia of Roman history were great landed estates specializing in agriculture destined for export: 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 industrialized agriculture in Antiquity, and their economics depended upon slavery. During the modern colonial period, the European monarchies often rewarded services with extensive land grants in their empires. The forced recruitment of local labourers allowed by colonial law made these land grants particularly lucrative for their owners. These grants, ''fazendas'' (in Portuguese) or ''haciendas'' (in Spanish), were also borrowed as loanwords, Portuguese ''latifúndios'' and Spanish ''latifundios'' or simply ''fundos''. Agrarian reforms aimed at ending the dominance o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Senate
The Roman Senate ( la, Senātus Rōmānus) was a governing and advisory assembly in ancient Rome. It was one of the most enduring institutions in Roman history, being established in the first days of the city of Rome (traditionally founded in 753 BC). It survived the overthrow of the Roman monarchy in 509 BC; the fall of the Roman Republic in the 1st century BC; the division of the Roman Empire in AD 395; and the fall of the Western Roman Empire in 476; Justinian's attempted reconquest of the west in the 6th century, and lasted well into the Eastern Roman Empire's history. During the days of the Roman Kingdom, most of the time the Senate was little more than an advisory council to the king, but it also elected new Roman kings. The last king of Rome, Lucius Tarquinius Superbus, was overthrown following a coup d'état led by Lucius Junius Brutus, who founded the Roman Republic. During the early Republic, the Senate was politically weak, while the various executive magistr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Republic
The Roman Republic ( la, Res publica Romana ) was a form of government of Rome and the era of the classical Roman civilization when it was run through public representation of the Roman people. Beginning with the overthrow of the Roman Kingdom (traditionally dated to 509 BC) and ending in 27 BC with the establishment of the Roman Empire, Rome's control rapidly expanded during this period—from the city's immediate surroundings to hegemony over the entire Mediterranean world. Roman society under the Republic was primarily a cultural mix of Latin and Etruscan societies, as well as of Sabine, Oscan, and Greek cultural elements, which is especially visible in the Roman Pantheon. Its political organization developed, at around the same time as direct democracy in Ancient Greece, with collective and annual magistracies, overseen by a senate. The top magistrates were the two consuls, who had an extensive range of executive, legislative, judicial, military, and religious powers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of China (pre-1911)
The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most advanced economies. Economic historians usually divide China's history into three periods: the pre-imperial era before the rise of the Qin; the early imperial era from the Qin to the rise of the Song (221 BCE to 960 CE); and the late imperial era, from the Song to the fall of the Qing. Neolithic agriculture had developed in China by roughly 8,000 BCE. Stratified Bronze Age cultures, such as Erlitou, emerged by the third millennium BCE. Under the Shang (16th–11th centuries BCE) and Western Zhou (11th–8th centuries BCE), a dependent labor force worked in large-scale foundries and workshops to produce bronzes and silk for the elite. The agricultural surpluses produced by the manorial economy supported these early handicraft industries as well as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Four Occupations
The four occupations () or "four categories of the people" ()Hansson, pp. 20-21Brook, 72. was an occupation classification used in ancient China by either Confucian or Legalist scholars as far back as the late Zhou dynasty and is considered a central part of the fengjian social structure (c. 1046–256 BC).Fairbank, 108. These were the ''shi'' (gentry scholars), the '' nong'' (peasant farmers), the ''gong'' (artisans and craftsmen), and the ''shang'' (merchants and traders). The four occupations were not always arranged in this order. The four categories were not socioeconomic classes; wealth and standing did not correspond to these categories, nor were they hereditary. The system did not factor in all social groups present in premodern Chinese society, and its broad categories were more an idealization than a practical reality. The commercialization of Chinese society in the Song and Ming periods further blurred the lines between these four occupations. The definition of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
