French economist and statesman (1727–1781)
People connected to Anne Robert Jacques Turgot
He sketched the law of diminishing returns before most economists had the vocabulary for it — a French statesman who pushed for economic liberalism in a monarchy that wasn't ready to let go.
Born 10 May 1727, Turgot came up through the intellectual currents of Enlightenment France and carved out a place as both economist and government official. He aligned with physiocratic thinking but moved past it, becoming an early voice for freer markets in an age of royal monopolies and guild restrictions. Somewhere in his work on agriculture he outlined what would later be recognized as diminishing marginal returns, a concept that wouldn't get its full theoretical treatment for decades. He died 18 March 1781, before the revolution that might have vindicated or devoured him.
Sourced, dated quotes from Anne Robert Jacques Turgot
The fate of America is already decided — Behold her independent beyond recovery. — But will She be free and happy?
Every soil does not produce every material.
The productions of the earth require long and difficult preparations, before they are rendered fit to supply the wants of men.
All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.
All money is essentially merchandize.
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