Subin C

Development Economics _ Physiocrats Subin C

The reason for writing the book is very simple. When I was studying for a Masters in Economics it was difficult to get good notes from the textbook were difficult. So, to have a base research note, I'm writing this book for Students who want to do research in Economics. Economics started from Hindu Civilization in Harappa and Mohenjodaro, then it spread to Islamic countries as they were trading with Ancient India. From Islamic thinkers, it has reached the Greeks and ended up with the Roman empire. Mercantilist took the concept of trade, Colonisation, Gold & Silver from Roman writings. This was prominent in England and France at that time of Queen Elizabeth. Then with the writing of Francois Quesnay in France, Physiocracy started to get prominence. Some of these theories are prominent in today's world. Like the United States started to have the favorable balance of trade, by imposing a tariff on China, India, Brazil, etc. France importance to agriculture is the best example of Physiocracy. Amassing Gold and precious metal is done by countries like Russia, China, India, etc. My dear Students, to study the subjects Economics, we have to know the history of economic thought, circumstances led to the development of this theory, etc to pave way for new theories. More and more theories are required in every country to bring it back to the development stage. Then only, we can reduce poverty from the earth's surface. Next book, I'm going to bring in all the Classical theories of Economics, which will be easy for you to study in depth. Thanking you. May God Shower All Praise On You.