Jean-Baptiste Colbert (29 August 1619 – 6 September 1683) was a French politician who served as the Minister of Finances of France from 1665 to 1683 under the rule of King Louis XIV. His relentless hard work and thrift made him an esteemed minister. He achieved a reputation for his work of improving the state of French manufacturing and bringing the economy back from the brink of bankruptcy.
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- The art of taxation consists in so plucking the goose as to procure the largest quantity of feathers with the least possible amount of hissing.
- It is simply, and solely, the abundance of money within a state [which] makes the difference in its grandeur and power.
- Arthur John Sargent (1899), The Economic Policy of Colbert. p. 65
Quotes about Jean-Baptiste ColbertEdit
- As a rigid logician, [Colbert] cannot object to the reduction of his principles to a logical absurdity, which may be stated thus. The growth of French industry and commerce requires that a high standard of quality in the products be maintained. This standard can only be secured by Government regulation: this regulation can only be forced on an unwilling people by search for and exposure of defective goods: this search injures the trade which it is desired to promote, and disheartens the merchants and others whose zealous cooperation is of the last importance for the success of French industry and commerce. Of course the fallacy lies in the first statement, the assumption that an absolute standard of excellence exists, and that the producer is a better judge of it than the consumer.