He [Turgot] now, in 1749, at the age of twenty two, wrote... a letter which has been an object of wonder among political thinkers ever since. Its sub… - Andrew Dickson White

His [Sarpi's] career soon revealed another cause of his return; he evidently felt the same impulse which stirred his contemporaries, Lord Bacon and Galileo, for he began devoting himself to the whole range of scientific and philosophical studies, especially to mathematics, physics, astronomy, anatomy, and physiology. In these he became known as an authority, and before long was recognized as such throughout Europe. It is claimed, and it is not improbable, that he anticipated Harvey in discovering the circulation of the blood, and that he was the forerunner of noted discoverers in magnetism. Unfortunately the loss of the great mass of his papers by the fire which destroyed his convent in 1769 forbids any full estimate of his work; but it is certain that among those who sought his opinion and advice were such great discoverers as Acquapendente, Galileo, Torricelli, and Gilbert of Colchester, and that every one of these referred to him as an equal, and indeed as a master.

Turgot's attempt... showed how the results that had followed Law's issues of paper money must follow all such issues. As regards currency inflation, Turgot saw that the issue of paper money beyond the point where it is convertible into coin is the beginning of disaster—that a standard of value must have value, just as a standard of length must have length, or a standard of capacity, capacity, or a standard of weight, weight. He showed that if a larger amount of the circulating medium is issued than is called for by the business of the country, it will begin to be discredited, and that paper, if its issue be not controlled by its relation to some real standard of value, inevitably depreciates no matter what stamp it bears. Turgot developed his argument [on currency inflation] with a depth, strength, clearness, and breadth, which have amazed every dispassionate reader from that day to this. It still remains one of the best presentations of this subject ever made; and what adds to our wonder is that it was not the result of a study of authorities, but was worked out wholly from his own observation and thought. Up to this time there were no authorities and no received doctrine on the subject; there were simply records of financial practice more or less vicious; it was reserved for this young student, in a letter not intended for publication, to lay down for the first time the great law in which the modern world, after all its puzzling and costly experiences, has found safety.

My purpose in writing these essays has been to acquaint men who are interested in the bearings of modern history on public life with sundry statesmen whose time was devoted not to seeking office or to winning a brief popular fame by chicanery or pettifoggery, but to serving the great interests of modern states and, indeed, of universal humanity. I would present these statesmen and their work as especially worthy to be studied by those who aspire to serve their country in any way.