Anne Robert Jacques Turgot
French economist who promoted free trade and opposed monopolies.
Most quoted
"Professional observation: 'The physiocratic system reveals that net product comes solely from agriculture.'"
— from Reflections on the Formation and Distribution of Wealth, 1766
"Witty remark: 'The king's finances are like a leaky ship; we must plug the holes before it sinks.'"
— from Speech, 1774
"The only way to increase the wealth of a nation is to increase the productivity of its labor."
— from Reflections on the Formation and Distribution of Wealth, 1770
All quotes by Anne Robert Jacques Turgot (102)
The true wealth of a nation is its land and its people.
The only way to increase the wealth of a nation is to increase the productivity of its labor.
The price of a commodity is determined by the cost of its production and the demand for it.
The interest of the individual is always in harmony with the general interest of society.
The government should not interfere with the natural order of the economy.
Laissez-faire, laissez-passer.
The freedom of commerce is a natural right.
The only true and lasting wealth is that which is produced by labor.
The land is the only source of wealth.
The farmer is the first mover in the economy.
The capitalist is a necessary agent in the production of wealth.
The division of labor increases productivity and wealth.
The accumulation of capital is essential for economic growth.
The rate of interest is determined by the supply and demand for capital.
The government should not regulate prices or wages.
The only legitimate role of government is to protect property rights and enforce contracts.
The freedom of industry is essential for economic prosperity.
The natural order of society is one of liberty and property.
The pursuit of self-interest, when unhindered, leads to the common good.
The progress of society depends on the progress of knowledge.
Contemporaries of Anne Robert Jacques Turgot
Other Economicss born within 50 years of Anne Robert Jacques Turgot (1727–1781).