noun
physiocracy
An 18th-century economic theory that regarded agriculture as the sole source of wealth. Used mainly in historical or economic contexts.
重農主義は18世紀のフランスで生まれた経済思想だ。
Physiocracy is an economic thought that emerged in 18th-century France.
Mercantilism, which emphasizes trade and accumulation of precious metals, in contrast to physiocracy's focus on agriculture.
From 重 (heavy, important) + 農 (agriculture) + 主義 (doctrine). A calque of French 'physiocratie', coined in the 18th century.