Physiocrats Quotes & Sayings

Although Adam Smith is today often regarded as a "conservative" figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibrating system - the market economy - first developed by the Physiocrats and later made part of the tradition of classical economics by Adam Smith, represented a radically new departure, not only in analysis of social causation but also in seeing a reduced role for political, intellectual, or other elites as guides or controllers of the masses. — Thomas Sowell

Laissez Faire, laissez passer. Let it be, let it pass. The phrase is not readily translatable. It was widely used by the Physiocrats in urging freedom from government interference and was adopted by Adam Smith. — Francois Quesnay