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Jacques Claude Marie Vincent De Gournay
Jacques Claude Marie Vincent de Gournay (; 28 May 1712, Saint-Malo – 27 June 1759, Cádiz), a French economist, became an intendant of commerce. Some historians of economics believe that he coined the phrase '' laissez faire, laissez passer''. Evidence was to be found when the French State parted the West Indies Company privilege - monopoly - on the slave trade. He is also credited with coining the term "bureaucracy". Together with François Quesnay, whose disciple he was, he was a leader of the Physiocratic School. Gournay's father was Claude Vincent, a merchant in Saint-Malo as well as a secretary to the king. Gournay didn't write much, but had a great influence on French economic thought through his conversations with many important theorists. He became instrumental in popularizing the work of Richard Cantillon in France. Gournay was appointed an ''intendant du commerce'' in 1751. One of the main themes of his term in office was his opposition to government regulation ...
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Saint-Malo
Saint-Malo (, , ; Gallo: ; ) is a historic French port in Ille-et-Vilaine, Brittany, on the English Channel coast. The walled city had a long history of piracy, earning much wealth from local extortion and overseas adventures. In 1944, the Allies heavily bombarded Saint-Malo, which was garrisoned by German troops. The city changed into a popular tourist centre, with a ferry terminal serving the Channel Islands of Jersey and Guernsey, as well as the Southern English settlements of Portsmouth, Hampshire and Poole, Dorset. The famous transatlantic single-handed yacht race Route du Rhum, which takes place every four years in November, is between Saint Malo and Pointe-à-Pitre in Guadeloupe. Population The population in 2017 was 46,097 – though this can increase to up to 300,000 in the summer tourist season. With the suburbs included, the metropolitan area's population is approximately 133,000 (2017). The population of the commune more than doubled in 1967 with the merging o ...
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Cádiz
Cádiz (, , ) is a city and port in southwestern Spain. It is the capital of the Province of Cádiz, one of eight that make up the autonomous community of Andalusia. Cádiz, one of the oldest continuously inhabited cities in Western Europe, was founded by the Phoenicians.Strabo, ''Geographica'' 3.5.5 In the 18th century, the Port in the Bay of Cádiz consolidated as the main harbor of mainland Spain, enjoying the virtual monopoly of trade with the Americas until 1778. It is also the site of the University of Cádiz. Situated on a narrow slice of land surrounded by the sea‚ Cádiz is, in most respects, a typically Andalusian city with well-preserved historical landmarks. The older part of Cádiz, within the remnants of the city walls, is commonly referred to as the Old Town (Spanish: ''Casco Antiguo''). It is characterized by the antiquity of its various quarters (''barrios''), among them ''El Pópulo'', ''La Viña'', and ''Santa María'', which present a marked contras ...
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France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin. Its eighteen integral regions (five of which are overseas) span a combined area of and contain clos ...
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Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational a ...
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Intendant
An intendant (; pt, intendente ; es, intendente ) was, and sometimes still is, a public official, especially in France, Spain, Portugal, and Latin America. The intendancy system was a centralizing administrative system developed in France. In the War of the Spanish Succession of 1701 to 1714 the French royal House of Bourbon secured its hold on the throne of Spain; it extended a French-style intendancy system to Spain and Portugal - and subsequently worldwide through the Spanish Empire and Portuguese Empire. Regions were divided into districts, each administered by an intendant. The title continues in use in Spain and in parts of Spanish America for particular government officials. Development of the system in France Intendants were royal civil servants in France under the Old Regime. A product of the centralization policies of the French crown, intendants were appointed "commissions," and not purchasable hereditary "offices," which thus prevented the abuse of sales of royal ...
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Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ...
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Bureaucracy
The term bureaucracy () refers to a body of non-elected governing officials as well as to an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected officials. Today, bureaucracy is the administrative system governing any large institution, whether publicly owned or privately owned. The public administration in many jurisdictions and sub-jurisdictions exemplifies bureaucracy, but so does any centralized hierarchical structure of an institution, e.g. hospitals, academic entities, business firms, professional societies, social clubs, etc. There are two key dilemmas in bureaucracy. The first dilemma revolves around whether bureaucrats should be autonomous or directly accountable to their political masters. The second dilemma revolves around bureaucrats' behavior strictly following the law or whether they have leeway to determine appropriate solutions for varied circumstances. Various comment ...
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Physiocrat
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who believed that the wealth of nations derived solely from the value of "land agriculture" or " land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in pa ...
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Richard Cantillon
Richard Cantillon (; 1680s – ) was an Irish-French economist and author of '' Essai Sur La Nature Du Commerce En Général'' (''Essay on the Nature of Trade in General''), a book considered by William Stanley Jevons to be the "cradle of political economy". Although little information exists on Cantillon's life, it is known that he became a successful banker and merchant at an early age. His success was largely derived from the political and business connections he made through his family and through an early employer, James Brydges. During the late 1710s and early 1720s, Cantillon speculated in, and later helped fund, John Law's Mississippi Company, from which he acquired great wealth. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, and even murder plots until his death in 1734. ''Essai'' remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, bu ...
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Anne-Robert-Jacques Turgot, Baron De Laune
Anne Robert Jacques Turgot, Baron de l'Aulne ( ; ; 10 May 172718 March 1781), commonly known as Turgot, was a French economist and statesman. Originally considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to be the first economist to have recognized the law of diminishing marginal returns in agriculture. Education Born in Paris, Turgot was the youngest son of Michel-Étienne Turgot, " provost of the merchants" of Paris, and Madeleine Francoise Martineau de Brétignolles, and came from an old Norman family. As one of four children, he had a younger sister and two older brothers, one of whom, Étienne-François Turgot (1721–1789), was a naturalist, and served as administrator of Malta and governor of French Guiana. Anne Robert Jacques was educated for the Church, and at the Sorbonne, to which he was admitted in 1749 (being then styled ''abbé de Brucourt''). He delivered two remarkable Latin dissertations, ''O ...
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Jean-François Marmontel
Jean-François Marmontel (11 July 1723 – 31 December 1799) was a French historian, writer and a member of the Encyclopédistes movement. Biography He was born of poor parents at Bort, Limousin (today in Corrèze). After studying with the Jesuits at Mauriac, Cantal, he taught in their colleges at Clermont-Ferrand and Toulouse; and in 1745, acting on the advice of Voltaire, he set out for Paris to try for literary success. From 1748 to 1753 he wrote a succession of tragedies: ''Denys le Tyran'' (1748); ''Aristomene'' (1749); ''Cleopâtre'' (1750); ''Heraclides'' (1752); ''Egyptus'' (1753). These literary works, though only moderately successful on the stage, secured Marmontel's introduction into literary and fashionable circles. He wrote a series of articles for the '' Encyclopédie'' evincing considerable critical power and insight, which in their collected form, under the title ''Eléments de Littérature'', still rank among the French classics. He also wrote sever ...
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