Julia Kuzmina and Elsa Jelkeby 4 ESO 2
 1727- 1781
 Paris
 French economist, politician,
writer.
 Physiocracy
 main ideas economic liberalism
 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
 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
 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
 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
 Guilds control the different markets
Bakers = baker guild
 Started to control guilds, because they inhibit
entrepreneurship in the industrial sector
 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
 “Reflections on the formation and distribution of
riches” 1770
 Interactions between capital, labor , land
 Basics of classical economy
 Five articles in the encyclopedia
 1774 appointed finance minister for Louis 16
 French Economy was greatly suffering
 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
 Conclusion Physiocratic Liberal Thinker
 Attempted to implement Change in The French
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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 .
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Works Cited 1968, "Turgot, Anne Robert Jacques”

International Encyclopedia of the Social Sciences., "Anne Robert Jacques Turgot."
Encyclopedia of World Biography. 2004, and
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"Turgot, Anne Robert Jacques." The Columbia Encyclopedia, 6th Ed.. 2013.

"Turgot, Anne Robert Jacques.“
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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.
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<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.
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<http://www.fee.org/the_freeman/detail/anne-robert-jacques-turgot-who-first-put-laissez-faireprinciples-into-action>. "Arcades Awakening." Arcades Awakening. N.p., n.d. Web. 16 Nov.
2013.
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<http://arcadesawakening.wordpress.com/category/n-on-the-theory-of-knowledge-theory-ofprogress/>. "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.
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<http://enlightenment-revolution.org/index.php/Turgot,_Anne_Robert_Jacques>.