Routledge Dictionary of Economics, Second Edition
Turgot, Anne-Robert Jacques, 1727–81 (B3)
French PHYSIOCRAT.
Educated at a Paris seminary and the Sorbonne, he abandoned careers in the church and the law to become a tax administrator as intendant of Limoges, from 1761 to 1774, and Controleur General of France, from 1774 to 1776. His celebrated Reflexions sur la Formation et la Distribution des Richesses (1776) anticipated many of the central themes of SMITH’S Wealth of Nations in that it discussed FREE TRADE, a LAISSEZ-FAIRE approach to industry, the effects of the DIVISION OF LABOUR, VALUE and price theory, a STAGES THEORY and the determinants of factor prices.
References
Groenewegen, P.D. (1977) The Economics of A.R.J.Turgot, Dordrecht and Lancaster: Martinus Nijhoff.
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