Anne robert jacques turgot enlightenment
Anne robert jacques turgot writings.
Anne-Robert-Jacques Turgot, Baron de Laune (May 10, 1727 – March 18, 1781) was perhaps the leading economist of eighteenth century France.
Turgot economic ideas
Although often put together with Francois Quesnay and the Physiocrats, his contributions were quite distinct and advanced considerably upon Physiocratic theories. More importantly, Turgot exercised a deep influence upon Adam Smith, who was living in France in the 1760s and was on intimate terms with Turgot.
Many of the concepts and ideas in Smith's Wealth of Nations are drawn directly from Turgot.
Although Turgot's theoretical work was largely ignored at the time, due mostly to his removal from public office and the abandonment of his reforms, many of his ideas have proved to be worthy of study, revived in the twentieth century.
His contributions include theories of price formation, marginal productivity in anticipation of the work of the Austrian School, and understandings of topics such as savings, investment, capital, and entre