Physiocracy and Free Trade in 18th-Century France

The first self-conscious school of economic thought developed in France shortly after the publication of Cantillon’s Essai. They called themselves “the economists” but later came to be called the “physiocrats,” after their prime politico-economical principle: physiocracy (the rule of nature), writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.