Turgot (Beranger)

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Turgot (Beranger)

A R J Baron Turgot (1727 - 1781) French economist and statesman

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Media ID 14283568

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Baron Beranger Economist Turgot

EDITORS COMMENTS
This evocative portrait captures the intellectual and political prowess of Baron Anne-Robert-Jacques Turgot (1727-1781), a French economist and statesman of the Enlightenment era. Turgot's groundbreaking ideas on free trade, economic liberalization, and the role of the state in the economy would influence the development of modern economic thought. Born into a noble family, Turgot was educated in law and theology before turning to economics. He began his career as a professor of economics at the College de France, where he taught alongside fellow luminaries such as Diderot and d'Alembert. In 1761, Turgot was appointed Controller-General of Finances, a position that gave him the power to implement his economic reforms. One of Turgot's most significant achievements was the abolition of internal tariffs, which he believed would promote free trade and stimulate economic growth. He also introduced a single tax on land, known as the "capitation land tax," which was intended to replace the complex and burdensome old tax system. These reforms were met with resistance from powerful interest groups and were eventually reversed after Turgot's dismissal in 1774. Despite the setbacks, Turgot's ideas continued to influence economic thought. He is often considered a precursor to Adam Smith and his famous book, "The Wealth of Nations." Turgot's vision of a free and prosperous economy, guided by the principles of reason and individual liberty, resonated with the broader Enlightenment project of transforming society through the application of rational principles. This portrait, taken from the Mary Evans Picture Library, captures the intensity and determination of a man who dared to challenge the economic and political status quo of his time. Turgot's legacy as a pioneering economist and statesman continues to inspire scholars and policymakers today.

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