Anne-Robert-Jacques Turgot was a French economist and statesman born on August 10, 1727. He is best known for his role as the Controller-General of Finances under King Louis XVI. Turgot advocated for economic reforms that aimed to reduce government intervention and promote free trade, which were revolutionary ideas for his time. Turgot's most notable contribution is the development of the concept of laissez-faire economics, emphasizing minimal government interference in the economy. He also implemented policies to improve agriculture and reduce taxes, but faced opposition and was dismissed in 1776. His ideas influenced later economists, including Adam Smith.