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  1. Oct 2024
    1. Who were the Physiocrats?

      for - definition - physiocrats - Steve Keen - economy - history - economic flow as biomimicry of body's circulation system

      definition - physiocrat - During the 18th and 19th century, a group of mostly French "economists" led by Francois Quesnay, physician to the King of France at the time, performed some of the first autopsies of the time. - Autopsies were banned for the longest time for religious reasons - When Quesnay performed autopsies, he discovered networks of tubes in the circulation system and this led him to surmise a network of circulation in another field, economics - Quesnay advised the king, hence the name physiocrat - So modern economics has its roots in biology - it was a case of biomimicry!