Meaning of physiocrat


Pronunciation: (fiz'ē-u-krat"), [key]
— n.
  1. one of a school of political economists who followed Quesnay in holding that an inherent natural order properly governed society, regarding land as the basis of wealth and taxation, and advocating a laissez-faire economy.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.