Anne Robert Jacques Turgot (10 Mai 1727 Jahr – 18 März 1781 Jahr)

Beschreibung:

Physiocrat who had political power over the economy, controller general. Wanted to liberalize the french system which was full of bureaucratic blockages and regulations of sale and price.

Corvée was the practice of having unpaid work performed by peasants at times, the elite had grown used to this practice on their estates. Turgot thought this was not ecenomic and should be left to contractors. Because he tries to change this fast, there is a lot of resistance by aristocrats and the elite have him out of office in a few years.

Discovered the concept of diminishing return in agriculture, where the increases in an input produced incrementally less output.

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