The definition of a physiocrat is someone who believes in a French 18th century economic theory that land development is the only logical source of revenue.
An example of a physiocrat was the French economist François Quesnay.
a believer in the 18th-cent. French economic theory that land and its products are the only true sources of wealth and hence the only logical basis of revenue, and that freedom of opportunity and trade and security of person and property are essential to prosperity
Origin of physiocratFrench physiocrate: see physio- and -crat
From French physiocrate, corresponding to physio- +"Ž -crat.