Anne Robert Jacques Turgot, Baron de l'Aulne (/tʊərˈɡoʊ/ toor-GOH; French: [an ʁɔbɛʁ ʒak tyʁɡo]; 10 May 1727 – 18 March 1781), commonly known as Turgot, was a French economist and statesman. Sometimes considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to have been the first political economist to have postulated something like the law of diminishing marginal returns in agriculture.
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- ⭐ Core Definition: Anne-Robert-Jacques Turgot
- Anne-Robert-Jacques Turgot in the context of Physiocrats
- Anne-Robert-Jacques Turgot in the context of Edict of Versailles
Anne-Robert-Jacques Turgot in the context of Physiocrats
Physiocracy (French: physiocratie; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists. They believed that the wealth of nations derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics.
François Quesnay (1694–1774), the Marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement, which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's The Wealth of Nations in 1776.
View the full Wikipedia page for PhysiocratsAnne-Robert-Jacques Turgot in the context of Edict of Versailles
The Edict of Versailles, also known as the Edict of Tolerance, was an official act that gave non-Catholics in France the access to civil rights formerly denied to them, which included the right to contract marriages without having to convert to the Catholic faith, but it denied them political rights and public worship. The edict was signed by King Louis XVI on 7 November 1787, and registered in the Parlement of Paris during the Ancien Régime on 29 January 1788. Its successful enactment was caused by persuasive arguments by prominent French philosophers and literary personalities of the day, including Anne-Robert-Jacques Turgot; Étienne François, duc de Choiseul, Americans such as Benjamin Franklin and especially the joint work of Guillaume-Chrétien de Lamoignon de Malesherbes, minister to Louis XVI, and Jean-Paul Rabaut Saint-Étienne, spokesman for the Protestant community in France.
King Henry IV had granted Huguenots significant amount of freedom to practice their faith when he announced the Edict of Nantes on 13 April 1598. Those rights were revoked by Louis XIV during the Edict of Fontainebleau (18 October 1685). Enforcement of the revocation relaxed under the reign of Louis XV, but the revocation remained law for a century.
View the full Wikipedia page for Edict of Versailles