French economist and statesman (1727–1781)
18th-century French economist who argued for free markets before Adam Smith made it cool. Turgot sketched out diminishing returns and tried reforming France's finances—with limited success.
Anne Robert Jacques Turgot, Baron de l'Aulne, commonly known as Turgot, was a French economist and statesman. 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.
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