This group of approved of the 1770 edict by the crown to dissolve the country's East India company, and they proposed that a "legal despotism" be established.
This group of approved of the 1770 edict by the crown to dissolve the country's East India company, and they proposed that a "legal despotism" be established. The organ of this group was shut down by Abbe Terray in 1772, the Ephemerides of the Citizen. The Natural and Essential Order of Political Societies written by a former governor of Martinique, Pierre Paul Riviere provides the clearest account of this group's principles. This group enjoyed a brief resurgence when one of its sympathizers, a former Intendant of Limoges named (*) Turgot was appointed controller general by Louis XVI. Rejecting the "balance of trade" theories associated with mercantilism and privileging agricultural production and "rule by nature," for 10 points, name this school of economics whose theories were laid initially in the Tableau Economique written by its chief formulator Francois Quesnay.
This group of approved of the 1770 edict by the crown to dissolve the country's East India company, and they proposed that a "legal despotism" be established.
{Physiocrats}