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| phys·i·o·crat [ fízzee ə kràt ] (plural phys·i·o·crats) |
noun |
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18C French economist: a member of a school of French 18th-century economists who first broadly applied the scientific method to economics. They opposed the prevailing theory of mercantilism and held that laissez-faire economics would produce the most prosperous and virtuous society.
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| [Late 18th century. < French physiocrate< physio- "physio-" + -crate "-crat"] |
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