Pierre De Boisguilbert
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Pierre De Boisguilbert
Pierre le Pesant, sieur de Boisguilbert or Boisguillebert (; 17 February 164610 October 1714) was a French lawmaker and a Jansenist, one of the inventors of the notion of an economic Market (economics), market. Early life He was born at Rouen of an ancient noble family of Normandy, allied to that of Pierre Corneille, Corneille. He received his classical education in Rouen, and was also taught at the Petites écoles de Port-Royal, entered the magistracy and became judge at Montivilliers, near Le Havre. In 1690 he became president of the bailliage of Rouen, a post which he retained almost until his death, leaving it to his son. Taxation proposals In his two leadership positions he made a close study of local economic conditions, personally, supervising the cultivation of his lands, and entering into relations with the principal merchants of Rouen. He was thus led to consider the misery of the people under the burden of taxation. In 1695 he published his principal work, ''Le détail d ...
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Physiocrats
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 partic ...
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