Jacques Turgot Quotes
A collection of quotes by Jacques Turgot.
Jacques Turgot (1727-1781) was a prominent French economist, statesman, and philosopher. Born into a noble family, Turgot proved to be an exceptional intellectual from an early age. He studied law and became a lawyer before eventually turning his attention to economics and public administration.
Turgot's economic views were ahead of his time, and he is regarded as one of the precursors of modern economics. He believed in laissez-faire policies and advocated for free trade and deregulation. Turgot's most notable work, "Réflexions sur la formation et la distribution des richesses" (Reflections on the Formation and Distribution of Wealth), focused on economic development and income distribution.
In 1774, Turgot was appointed as the Controller-General of Finances by King Louis XVI, a position that allowed him to implement his economic ideas. However, his attempts at implementing reforms faced fierce opposition from the aristocracy and other vested interests. After just two years in office, he was dismissed by the king due to political pressure.
Despite his short tenure, Turgot's ideas and policies left a lasting impact. His commitment to liberty, rationality, and progress influenced subsequent generations of economists and policymakers. Turgot's contributions earned him a place among the key figures of the French Enlightenment and solidified his reputation as a pioneering advocate of economic liberalism.