0
The physiocrats were an 18th-century group of French economists who believed in the importance of agriculture as the primary source of wealth in society. Their main pro was their focus on the natural order of the economy and the idea that wealth came from the land. However, their main con was their limited view of economic activity, as they often overlooked the role of manufacturing and trade in creating wealth. Additionally, their ideas were not always practical or easily implemented in complex modern economies.
Still curious? Ask our experts.
Chat with our AI personalities
Beau
Maxine
FranOh, dude, the physiocrats were all about that "natural order" in economics, like, focusing on agriculture and land as the source of wealth. The pros? They were like the OGs of economic thought, paving the way for future economists. The cons? Well, some people might find their ideas a bit outdated now, but hey, they were doing their best back in the day.
Ah, the physiocrats, those 18th-century French thinkers who believed in the primacy of agriculture. Pros? Well, they emphasized the importance of agriculture in the economy. Cons? They kinda ignored other sectors like industry and commerce. So, if you're a farmer, they're your jam. If you're anyone else, they might not be your cup of tea.
Add your answer:
Earn +20 pts
