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Question: What is a government by land owning nobles!?
Best Answer - Chosen by Asker:
I would say either feudalism or an oligarchy!. take your pick:

feudalism- "A system of obligations that bound lords and their subjects in Europe during much of the Middle Ages!. In theory, the king owned all or most of the land and gave it to his leading nobles in return for their loyalty and military service!. The nobles in turn held land that peasants, including serfs, were allowed to farm in return for the peasants' labor and a portion of their produce!. Under feudalism, people were born with a permanent position in society!."

oligarchy- "A system of government in which power is held by a small group"Www@QuestionHome@Com

Or a plutocracy even!.Www@QuestionHome@Com