Who were the Physiocrats?

0:00The interesting thing about physiocrats is that they were the first real sect of school of thought. And we know the date at which the school of thought was founded. It was one moment in July 1757 when Dr. Kenay, the founder, the guru of this thing, met Count Mirabeau, who in those days was a Catalonian. The Catalonic cycle immediately shifted to Kenay. And it became a two-man school of thought. I mean, to have a school of thought you have to have at least two people. and this was it. Now the thing is they're both very highly placed. King A was a physician, distinguished physician. He became the physician of the court, first of the king's top mistress. There was, by the way, a thing that the only way to influence the king and try to convert him, laissez-faire, was to convert the king's top mistress. This was done by Archbishop Fenning in the early 17th century, early 18th century, late 17th.

0:51And K.N.A. was a physician to Madame de Pompadour, who was the king's top mistress, and then became influential at court. And Mirabelle was influential, first of all, he had just written a massive book called A Friend of Man, which is a multi-part work which is incomprehensible, but the thing is it was very popular because it was written in a 17th century style. And here it is in the mid-18th century, the sky's running in a mid-17th century style, and so forth. It sort of charmed everybody. And it was a best-seller. So Mirabeau and Cantalon, Marquita Mirabeau, then organized a movement, I mean, Mirabeau actually being a K&A. And they set up their own school of thought, their own journals, their own doctrine, reviewed each other's books favorably, and so forth and so on.

1:37Also, it became sort of a cult of personality, the only guy thought the K&A was the top guy of all time. For example, his father's claim that K&A looked like Socrates, kind of difficult to The Confucius of Europe, the great sage of Europe, Europe by Wentzor Fawcett proclaimed that the three greatest inventions in the history of mankind are writing, money, and Kene's crazy diagram, the tabloid khanomik, the beginning of input-output analysis, the arrows. So, in any way, there were natural rights people and there were fair people. Unfortunately, the old deviationists were very much in favor of high agricultural prices. And one reason I think Keeney was a farmer and he owned farms, there were laissez-faire people according to their likes.

2:30And the strategic objective, the question is if you're a laissez-faire person, this came up in the late 17th century too, what do you do about it? Well obviously the thing is you have absolute monarchy by the time of France, the thing is you just convert the king, if you convert the king you establish laissez-faire from from the top, revolution from the top, so to speak, and that would be it. And so the strategic perspective of Ben-Elon and Turgot and Thucydides and Thucydides, convert the king, he will establish laissez-faire and that's it.