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It can be traced in the theories of public finance to the work of the 18th century French physiocrats .
The physiocrats ' use of the simple phrase classe propriétaire (land-owning class) is indicative, because it enabled them to avoid the question of social rank.
However, the French physiocrats and the British classical economists entirely destroyed the rest of the mercantilist scheme.
Like the French physiocrats , the enlighteners argued for a return to agriculture, based, however, more on their romanticization of the Bible than on solid economic theory.
Smith shared the objection of the French physiocrats to the mercantile system, but he did not share their view that land is the sole source of wealth.
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