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Commerce and the State: Turgot, Condorcet and Smith

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  • Rothschild, Emma

Abstract

This paper considers eighteenth century arguments about commerce and the state. A. R. J. Turgot and M. J. A. N. Condorcet, like Adam Smith, were strongly opposed to government intervention in the corn trade, but they showed that famines arise because of failures in many different markets and they favored intervention in labor markets to alleviate scarcity. They described the role of government policies to ensure minimum subsistence in achieving sustainable equilibrium, especially in countries engaged in a long process of market reform. Turgot tried to implement such policies in France. Their arguments suggest criteria for evaluating government intervention in different markets that are of continuing practical and theoretical importance. Copyright 1992 by Royal Economic Society.

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  • Rothschild, Emma, 1992. "Commerce and the State: Turgot, Condorcet and Smith," Economic Journal, Royal Economic Society, vol. 102(414), pages 1197-1210, September.
    • Handle: RePEc:ecj:econjl:v:102:y:1992:i:414:p:1197-210
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    Cited by:

    1. Emma Rothschild, 1996. "The Debate on Economic and Social Security in the Late Eighteenth Century: Lessons ofa Road Not Taken," Development and Change, International Institute of Social Studies, vol. 27(2), pages 331-351, April.

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