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A.R.J. Turgot

The Turgot Collection

Publication

Author: A.R.J. Turgot

Online Publish Date: March 17, 2011

Anne-Robert-Jacques Turgot (1727-1781) was one of the foremost classical liberals of the 18th century. In the opinion of Murray Rothbard, he was one of the greatest economists of all time, and he served with distinction under Louis XVI as Minister of the Navy and Comptroller-General. In these positions, he attempted to put into practice his free

The Fundamental Difference between Fairs and Markets

Mises Daily

Author: A.R.J. Turgot

Online Publish Date: June 7, 2011

[Excerpted from chapter 4 in part 1 of the The Turgot Collection (2011). Originally written in 1757.] The word fair , which is derived from forum , a public square, was originally synonymous with that of market , and is still so in certain respects. Both signify a gathering of sellers and buyers at a set time and place, but the word fair seems

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