Anne-Robert-Jacques Turgot, Baron de Laune

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Anne-Robert-Jacques Turgot, Baron de Laune bigraphy, stories - French economist

Anne-Robert-Jacques Turgot, Baron de Laune : biography

10 May 1727 – 18 March 1781

Anne-Robert-Jacques Turgot, Baron de Laune (10 May 1727 – 18 March 1781) was a French economist and statesman. A physiocrat, he is today best remembered as an early advocate for economic liberalism.

The fall of Turgot

In character Turgot was simple, honourable and upright, with a passion for justice and truth. He was an idealist, his enemies would say a doctrinaire, and certainly the terms "natural rights," "natural law," frequently occur in his writings. His friends speak of his charm and gaiety in intimate intercourse, but among strangers he was silent and awkward, and produced the impression of being reserved and disdainful. On one point both friends and enemies agree, and that is his brusquerie and his lack of tact in the management of men; August Oncken points out with some reason the schoolmasterish tone of his letters, even to the king. As a statesman he has been very variously estimated, but it is generally agreed that a large number of the reforms and ideas of the Revolution were due to him; the ideas did not as a rule originate with him, but it was he who first gave them prominence. As to his position as an economist, opinion is also divided. Oncken, to take the extreme of condemnation, looks upon him as a bad physiocrat and a confused thinker, while Leon Say considers that he was the founder of modern political economy, and that "though he failed in the 18th century he triumphed in the 19th."

Intendant of Limoges, 1761-74

In August 1761 Turgot was appointed intendant (tax collector) of the genéralité of Limoges, which included some of the poorest and most over-taxed parts of France; here he remained for thirteen years. He was already deeply imbued with the theories of Quesnay and Gournay, and set to work to apply them as far as possible in his province. His first plan was to continue the work, already initiated by his predecessor Tourny, of making a fresh survey of the land (cadastre), in order to arrive at a more just assessment of the taille; he also obtained a large reduction in the contribution of the province. He published his Avis sur l’assiette et la repartition de la taille (1762–1770), and as president of the Société d’agriculture de Limoges offered prizes for essays on the principles of taxation. Quesnay and Mirabeau had advocated a proportional tax (impôt de quotité),"The impôt de quotité is the result of the application of a tax where the result cannot be calculated in advance. but Turgot proposed a distributive tax (impôt de repartition). Another reform was the substitution for the corvée of a tax in money levied on the whole province, the construction of roads being handed over to contractors, by which means Turgot was able to leave his province with a good system of highways, while distributing more justly the expense of their construction.

In 1769 he wrote his Mémoire sur les prêts à intérêt, on the occasion of a scandalous financial crisis at Angoulême, the particular interest of which is that in it the question of lending money at interest was for the first time treated scientifically, and not merely from the ecclesiastical point of view. Turgot’s opinion was that a compromise had to be reached between both methods. Among other works written during Turgot’s intendancy were the Mémoire sur les mines et carrières, and the Mémoire sur la marque des fers, in which he protested against state regulation and interference and advocated free competition. At the same time he did much to encourage agriculture and local industries, among others establishing the manufacture of porcelain at Limoges. During the famine of 1770–1771 he enforced on landowners "the obligation of relieving the poor" and especially the métayers dependent upon them, and organized in every province ateliers and bureaux de charité for providing work for the able-bodied and relief for the infirm, while at the same time he condemned indiscriminate charity. It may be noted that Turgot always made the curés the agents of his charities and reforms when possible. It was in 1770 that he wrote his famous Lettres sur la liberté du commerce des grains, addressed to the controller-general, the abbé Terray. Three of these letters have disappeared, having been sent to Louis XVI by Turgot at a later date and never recovered, but those remaining demonstrate that free trade in grain is to the interest of landowner, farmer and consumer alike, and in forcible terms demand the removal of all restrictions..