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Anne- Robert- Jacque Turgo

Anne- Robert- Jacque Turgo. Julia Kuzmina and Elsa Jelkeby 4 ESO 2. Introduction. 1727- 1781 Paris French economist, politician, writer . Physiocracy main ideas economic liberalism. B iography . Born into oldest families in Normandy

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Anne- Robert- Jacque Turgo

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  1. Anne- Robert- Jacque Turgo Julia Kuzmina and Elsa Jelkeby 4 ESO 2

  2. Introduction • 1727- 1781 • Paris • French economist, politician, writer. • Physiocracy • main ideas economic liberalism

  3. Biography • Born into oldest families in Normandy • Ancestors long served the king ( Law officials, public Administrators) • He was educated in theology in Sorbonne • Developed interest in economy from friendship with Marquis de Gournay (french economist), • stepped away from the church • Interest in physiocracy

  4. Main ideas

  5. Idea of progress • Defined the development of ideas • How ideas with time , will improve and progress • For example sciences, mathematics and other subjects will develop and improve over time

  6. Liberal taxes • French society had unequal taxes • Peasent, Borgouis paid taxes • Privelidged did not pay taxes • He wanted to make equal taxes • Everyone pays the same amount of tax

  7. Internal freedom of trade • 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

  8. Guild controls • Guilds control the different markets Bakers = baker guild • Started to control guilds, because they inhibit entrepreneurship in the industrial sector

  9. Theory of price • The price of any good will vary • The Price depends on the demand from consumers • there is no "true price" toward which the market tends

  10. Writings • “Reflections on the formation and distribution of riches” 1770 • Interactions between capital, labor , land • Basics of classical economy • Five articles in the encyclopedia

  11. Role in revolution • 1774 appointed finance minister for Louis 16 • French Economy was greatly suffering

  12. 2 Years as Finance Minister • Reduce government expenses • Removed the corvee (forced peasants labor) • Implement taxes to the privileged • No tax increase for peasants • 1775, inferred free domestic trade of grain, resulted in grain riots • “No bankrupsy, no increase in taxes, no borrowing “ • Forced to resign 1776

  13. Conclusion • 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 whole • Ideas became the base of classical economy, influenced later economists such as Adam smith .

  14. Thank you for listening!

  15. Bibliography • 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>.

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