Who Said This?

[The] whole doctrine [of laissez-faire] was founded on the complete impossibility of directing, by invariant rules and by continuous inspection, a multitude of transactions which by their immensity alone could not be fully known, and which, moreover, are continually dependent on a multitude of ever-changing circumstances which cannot be managed or even foreseen ….

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2 Responses to Who Said This?

  1. David Friedman January 14, 2018 at 1:05 pm #

    The same person who, as a French minister, wrote the king a letter arguing for the nationalization of all the French schools. That’s by memory of some reading a few years ago, but I think correct.

    • Roderick January 15, 2018 at 8:31 pm #

      Yes, Turgot was certainly a mixed bag. But then, so was Hayek.

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