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Under the influence of liberal economists, and especially the physiocrat Gournay, author of the phrase laissez-passer, laissez-faire, guild monopolies were increasingly bypassed so as to allow market forces to take their course.
It can be traced in the theories of public finance to the work of the 18th century French physiocrats .
The monarchy, operating partly upon physiocratic principles, threatened the guilds with abolition in 1776.
It will be evident from the book's title that our attention is to be directed at those enlightenment authors who were roughly a generation younger than Quesnay and his physiocratic contemporaries.
Government ministers, who found it impossible to reduce royal expenditures, were particularly seduced by the physiocratic idea of stimulating agriculture and then taxing the resulting wealth.
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