Physiocracy | subsequent developments

Subsequent developments

The ideas of the Physiocrats had an influence on Adam Smith, David Ricardo, John Stuart Mill, and above all Henry George, who appears at first to have come to similar beliefs independently. George was the driving force behind what became known as the Single Tax movement (not to be confused with Flat Tax). The Single Tax is a proposal for the use of the annual rental value of land (land value taxation) as the principal or sole source of public revenue.