Julia Kuzmina and Elsa Jelkeby 4 ESO 2

Anne- Robert- Jacque Turgo

1727- 1781ParisFrench economist, politician, writer.Physiocracy main ideas economic liberalism

Introduction

Born into oldest families in NormandyAncestors long served the king ( Law officials,

publicAdministrators)He was educated in theology in Sorbonne Developed interest in economy from

friendship with Marquis de Gournay (french economist),

stepped away from the churchInterest in physiocracy

Biography

Main ideas

Defined the development of ideasHow ideas with time , will improve and

progressFor example sciences, mathematics and other

subjects will develop and improve over time

Idea of progress

French society had unequal taxesPeasent, Borgouis paid taxesPrivelidged did not pay taxesHe wanted to make equal taxesEveryone pays the same amount of tax

Liberal taxes

Made free trade of grains and flour in the country.

Free import and duty-free export of grain from the kingdom

Process developed independent economy for the citizens

Internal freedom of trade

Guilds control the different marketsBakers = baker guild

Started to control guilds, because they inhibit entrepreneurship in the industrial sector

Guild controls

The price of any good will varyThe Price depends on the demand from

consumersthere is no "true price" toward which the

market tends

Theory of price

“Reflections on the formation and distribution of riches” 1770

Interactions between capital, labor , landBasics of classical economyFive articles in the encyclopedia

Writings

1774 appointed finance minister for Louis 16French Economy was greatly suffering

Role in revolution

Reduce government expensesRemoved the corvee (forced peasants labor)Implement taxes to the privileged No tax increase for peasants1775, inferred free domestic trade of grain, resulted in grain riots “No bankrupsy, no increase in taxes, no borrowing “Forced to resign 1776

2 Years as Finance Minister

Conclusion Physiocratic Liberal Thinker Attempted to implement Change in The French

Economy and society Free trade, Equal taxes, cut expenses in

Monarchy, He abolished forced labor. Ideas influenced the New French republic

economic set up Ideas of the economic benefits of the land as

wholeIdeas became the base of classical economy,

influenced later economists such as Adam smith .

Conclusion

Thank you for listening!

Works Cited 1968, "Turgot, Anne Robert Jacques” International Encyclopedia of the Social Sciences., "Anne Robert Jacques Turgot."

Encyclopedia of World Biography. 2004, and "Turgot, Anne Robert Jacques." The Columbia Encyclopedia, 6th Ed.. 2013. "Turgot, Anne Robert Jacques.“ Encyclopedia.com. HighBeam Research, 01 Jan. 1968. Web. 16 Nov. 2013. <http://www.encyclopedia.com/topic/Anne_Robert_Jacques_Turgot.aspx>. "Anne Robert

Jacques Turgot." The Free Dictionary. Farlex, n.d. Web. 16 Nov. 2013. <http://www.thefreedictionary.com/Anne Robert Jacques Turgot>. "Anne Robert Jacques

Turgot, Who First Put Laissez-Faire Principles into Action." : The Freeman : Foundation for Economic Education. N.p., n.d. Web. 16 Nov. 2013.

<http://www.fee.org/the_freeman/detail/anne-robert-jacques-turgot-who-first-put-laissez-faire-principles-into-action>. "Arcades Awakening." Arcades Awakening. N.p., n.d. Web. 16 Nov. 2013.

<http://arcadesawakening.wordpress.com/category/n-on-the-theory-of-knowledge-theory-of-progress/>. "Guild | Easy to Understand Definition of Guild by Your Dictionary." Guild | Easy to Understand Definition of Guild by Your Dictionary. N.p., n.d. Web. 16 Nov. 2013.

<http://www.yourdictionary.com/guild>. "Turgot, Anne Robert Jacques." - Enlightenment Revolution. N.p., n.d. Web. 16 Nov. 2013.

<http://enlightenment-revolution.org/index.php/Turgot,_Anne_Robert_Jacques>.

Bibliography