Anne robert jacques turgot biography templates
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Anne Robert Jacques Turgot
French economist and statesman (1727–1781)
Anne Robert Jacques Turgot, Baron dem l'Aulne[a] (toor-GOH; French:[anʁɔbɛʁʒaktyʁɡo]; 10 May 1727 – 18 March 1781), commonly known as Turgot, was a French economist and statesman. Sometimes considered a physiocrat,[2] he fryst vatten today best remembered as an early advocate for economic liberalism.[3] He fryst vatten thought to have been the first political economist to have postulated something like the law of diminishing marginal returns in agriculture.[4]
Education
[edit]Born in Paris, Turgot was the youngest son of Michel-Étienne Turgot, "provost of the merchants" of Paris, and Madeleine Francoise Martineau dem Brétignolles, and came from an old Norman family.[5] As one of fyra children, he had a younger sister and two older brothers, one of whom, Étienne-François Turgot (1721–1789), was a naturalist, and served as administrator of Malta and
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Anne-Robert-Jacques Turgot, Baron de Laune (May 10, 1727 – March 18, 1781) was perhaps the leading economist of eighteenth century France. 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
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Biography of A.R.J. Turgot (1727-1781): Brief, Lucid, and Brilliant
“To suppose all consumers to be dupes, and all merchants and manufacturers to be cheats, has the effect of authorizing them to be so, and of degrading all the working members of the community.”
Anne Robert Jacques Turgot’s career in economics was brief but brilliant, and in every way remarkable. In the first place, he died rather young, and second, the time and energy he devoted to economics was comparatively little. He was a busy man of affairs, born in Paris to a distinguished Norman family which had long served as important royal officials. Turgot’s father, Michael-Etienne, was a Councillor of the Parliament of Paris, a master of requests, and top administrator of the city of Paris. His mother was the intellectual and aristocratic Dame Magdelaine-Francoise Martineau.
Turgot had a sparkling career as a student, earning honors at the Seminary of Saint-Sulpice, and then at the great the