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#OTD 10 May 1727 Anne Robert Jacques Turgot was born. He is thought to be the first economist to have recognized the law of diminishing marginal returns in agriculture. He became the First Minister of State & tried to reform the economy in the late Ancien Régime.
Hace 2 días · It was immediately preceded and influenced by Anne Robert Jacques Turgot's drafts of Reflections on the Formation and Distribution of Wealth (1766). Smith acknowledged indebtedness and possibly was the original English translator.
Hace 2 días · Anne Robert Jacques Turgot (1727–1781) François Quesnay (1694–1774) served as the court physician to King Louis XV of France . He believed that trade and industry were not sources of wealth, and instead in his book Tableau économique (1758, Economic Table) argued that agricultural surpluses, by flowing through the economy in ...
Hace 2 días · Meanwhile, Anne Robert Jacques Turgot first articulated the law of diminishing returns. In 1793 the Chinese bureaucrat Hong Liangji forecasted future population growth.
7 de may. de 2024 · Sometimes considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to have been the first political economist to have postulated something like the law of diminishing marginal returns in agriculture. Anne Robert Jacques Turgot was born on May 10, 1727, in Paris, Île-de-France ...
13 de may. de 2024 · The fall of finance minister Anne-Robert-Jacques Turgot in 1776 must be attributed to the hostility of chief royal adviser Jean-Frédéric Phélypeaux, comte de Maurepas, and to the differences that arose between Turgot and foreign minister Charles Gravier, comte de Vergennes, over French participation in the American Revolution rather than to ...
Hace 2 días · À la mort de Louis XV et à l'avènement de Louis XVI, son ami Anne Robert Jacques Turgot, intendant du Limousin et économiste de l'école physiocrate, est inclus dans le ministère de Maurepas, d'abord comme ministre de la Marine, puis comme contrôleur général des Finances.
