Physiocracy

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Across
  1. 5. French economists who believed that agriculture is the main source of wealth.
  2. 8. Smith Later classical economist influenced by the Physiocrats.
  3. 9. Product Quesnay’s idea that only agriculture creates new value.
  4. 12. Economist who supported free competition and free grain trade.
  5. 15. Class of farmers and peasants who create wealth.
  6. 16. Class of kings and nobles who take rent from land.
  7. 17. The word root of “Physiocrat”, meaning power of natural order.
  8. 18. trade Economic principle supported by Boisguillebert and the Physiocrats.
  9. 19. The policy that Boisguillebert criticized for heavy taxes and government control.
  10. 20. de Boisguillebert One of the first French classical economists who fought against Colbertism.
Down
  1. 1. Considered only a medium of exchange, not real wealth.
  2. 2. Class of artisans and merchants who only transform goods.
  3. 3. Turgot believed that markets should be based on this principle.
  4. 4. Quesnay The founder and leader of the Physiocratic school.
  5. 6. reform One of Boisguillebert’s main ideas for a fairer economy.
  6. 7. The only productive sector according to the Physiocrats.
  7. 10. Table The first model of economic circulation created by Quesnay.
  8. 11. The country where the Physiocratic school appeared.
  9. 13. Quesnay said this comes from land and farming.
  10. 14. Changes that Turgot made as Finance Minister, but later were canceled.