| That capital could enhance the productivity of labour was a 'Marxian' idea that had been adopted earlier by the physiocrats and, of course, by Adam Smith. |
| Smith's view of taxes on land has been the general view among economists since then, and in fact one can trace Smith's argument to the French physiocrats who preceded him. |
| Physiocrats were opposed to mercantilism, the dominating economic theory of the time. |
| It can be traced in the theories of public finance to the work of the 18th century French physiocrats. |
| The physiocrats placed particular stress upon patterns that emerge from laissez-faire. |
| However, the French physiocrats and the British classical economists entirely destroyed the rest of the mercantilist scheme. |
