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FRANCOIS QUESNAY:

Refer also to the paper on  Physiocracy

 THE PHYSIOCRATS

þ FRANCOIS QUESNAY --> ALL WEALTH FROM AGRICULTURE
  --> FARMERS PAY RENT, WAGES, PURCHASES -->
  SUPPORTS ALL SOCIAL CLASSES.

þ REG OF INDUSTRY & TRADE IMPEDED ECONOMIC
  DEVELOPMENT BY HINDERING FLOW OF COMMODITIES &
  INCOME.

þ ALL TAXES SHOULD BE PAID BY LANDOWNERS, NOT
  FARMERS. WHY? LANDOWNERS NOT PRODUCTIVE. THEIR
  LUXURIOUS WAYS DISTORTED FLOW OF INCOME.

þ PHYSIOCRATS --> INFLUENCED JEFFERSON & LINCOLN IN
  THE U.S.

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