Anne Robert Jacques Turgot

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Definition

Proper noun: A French economist and statesman who served as Controller-General of Finances under King Louis XVI from 1774 to 1776. He is historically significant for his early advocacy of economic liberalism, administrative reform, and his attempts to abolish feudal privileges, which led to his dismissal.

Usage Examples
  • As a subject of study:
    • Anne Robert Jacques Turgot is considered a key physiocrat and a forerunner of classical economics.
    • The reforms proposed by Anne Robert Jacques Turgot were opposed by the privileged classes.
  • In historical context:
    • Before the French Revolution, Anne Robert Jacques Turgot warned the king of impending fiscal crisis.
    • The economic writings of Anne Robert Jacques Turgot influenced later thinkers like Adam Smith.
Advanced Usage
  • "Turgot's reforms": This phrase specifically refers to his 1776 edicts (the Six Edicts) aimed at abolishing guilds and the (forced labor on roads), and establishing free trade in grain.
    • The failure of Turgot's reforms demonstrated the power of the ancien régime's entrenched interests.
Variants and Related Words
  • Turgotian (adj): Pertaining to the economic theories or policies of Turgot.
    • He advocated a Turgotian approach to deregulation.
Synonyms
  • French physiocrat
  • Economic reformer
  • Controller-General of Finances (specific to his official title)
Related Phrases
  • "Laissez-faire, laissez-passer": A principle of free-market economics strongly associated with the physiocratic school to which Turgot belonged. While not coined by him, his policies embodied this idea.
    • Turgot's policies were an attempt to put laissez-faire, laissez-passer into practice.
Noun
  1. French economist who in 1774 was put in control of finances by Louis XVI; his proposals for reforms that involved abolishing feudal privileges made him unpopular with the aristocracy and in 1776 he was dismissed (1727-1781)

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