Note 88 — Chapter I · : THE PHYSIOCRATS

Some writers—for example, Pantaleoni in his introduction to Arthur Labriola’s book, Le Dottrine economiche di Quesnay—seem to think that the Physiocratic criticism proved fatal to feudal society, just as the socialistic criticism of the present time is undermining the bourgeois society. Politically this is true enough, for the Physiocrats advocated the establishment of a single supreme monarch with undivided authority. Economically it is incorrect, for their conception even of sovereignty and taxation is impregnated with feudal ideas.