Pieter De La Court
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Pieter De La Court
Pieter de la Court (1618 – May 28, 1685) was a Dutch economist and businessman, he is the origin of the successful De la Court family. He pioneered modern thinking about the economic importance of free competition and was an uncompromising advocate of the republican form of government. Biography Pieter de la Court was born in Leiden, the son of Pieter de la Court the Elder and Jeanne des Planques. His parents were Protestant immigrants from Flanders, who settled in Leiden around 1613 in order to be able to practise their faith and to profit from the rapid expansion of Leiden as the world centre of cloth manufacturing. Pieter de la Court the Elder was a successful cloth merchant before he arrived in Leiden. His wife also came from a family of wealthy cloth manufacturers. They had established themselves as members of the local economic elite by the time Pieter was born. The couple had three other children; Jacob (born 1617), Johanna (born 1620) and Johan (1622–1660). Johan ...
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Pieter De La Court (Abraham Van Den Tempel, 1667)
Pieter de la Court (1618 – May 28, 1685) was a Dutch economist and businessman, he is the origin of the De la Court family. He thought about the economic importance of free competition and was an advocate of the republican form of government. Biography Pieter de la Court was born in Leiden, the son of Pieter de la Court the Elder and Jeanne des Planques. His parents were Protestant immigrants from Flanders, who settled in Leiden around 1613 in order to be able to practise their faith and to profit from the rapid expansion of Leiden as the world centre of cloth manufacturing. Pieter de la Court the Elder was a successful cloth merchant before he arrived in Leiden. His wife also came from a family of wealthy cloth manufacturers. They had established themselves as members of the local economic elite by the time Pieter was born. The couple had three other children; Jacob (born 1617), Johanna (born 1620) and Johan (1622–1660). Johan is generally seen as the author of at least ...
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Dutch East India Company
The United East India Company ( nl, Verenigde Oostindische Compagnie, the VOC) was a chartered company established on the 20th March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. They are also known for their international slave trade. Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Eur ...
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Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ...
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Physiocrats
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who believed that the wealth of nations derived solely from the value of "land agriculture" or " land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in part ...
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Anne-Robert-Jacques Turgot, Baron De Laune
Anne Robert Jacques Turgot, Baron de l'Aulne ( ; ; 10 May 172718 March 1781), commonly known as Turgot, was a French economist and statesman. Originally considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to be the first economist to have recognized the law of diminishing marginal returns in agriculture. Education Born in Paris, Turgot was the youngest son of Michel-Étienne Turgot, " provost of the merchants" of Paris, and Madeleine Francoise Martineau de Brétignolles, and came from an old Norman family. As one of four children, he had a younger sister and two older brothers, one of whom, Étienne-François Turgot (1721–1789), was a naturalist, and served as administrator of Malta and governor of French Guiana. Anne Robert Jacques was educated for the Church, and at the Sorbonne, to which he was admitted in 1749 (being then styled ''abbé de Brucourt''). He delivered two remarkable Latin dissertations, ''On t ...
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James Madison
James Madison Jr. (March 16, 1751June 28, 1836) was an American statesman, diplomat, and Founding Father. He served as the fourth president of the United States from 1809 to 1817. Madison is hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the Constitution of the United States and the Bill of Rights. Madison was born into a prominent slave-owning planter family in Virginia. He served as a member of the Virginia House of Delegates and the Continental Congress during and after the American Revolutionary War. Unsatisfied with the weak national government established by the Articles of Confederation, he helped organize the Constitutional Convention, which produced a new constitution. Madison's Virginia Plan was the basis for the Convention's deliberations, and he was an influential voice at the convention. He became one of the leaders in the movement to ratify the Constitution, and joined Alexander Hamilton and John Jay in writing '' ...
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Jean-Baptiste Colbert
Jean-Baptiste Colbert (; 29 August 1619 – 6 September 1683) was a French statesman who served as First Minister of State from 1661 until his death in 1683 under the rule of King Louis XIV. His lasting impact on the organization of the country's politics and markets, known as Colbertism, a doctrine often characterized as a variant of mercantilism, earned him the nickname ''le Grand Colbert'' (; "the Great Colbert"). A native of Reims, he was appointed Intendant of Finances on 4 May 1661. Colbert took over as Controller-General of Finances, a newly elevated position, in the aftermath of the arrest of Nicolas Fouquet for embezzlement, an event that led to the abolishment of the office of Superintendent of Finances. He worked to develop the domestic economy by raising tariffs and encouraging major public works projects, as well as to ensure that the French East India Company had access to foreign markets, so that they could always obtain coffee, cotton, dyewoods, fur, pepper, ...
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Republiek Der Zeven Verenigde Nederlanden
The United Provinces of the Netherlands, also known as the (Seven) United Provinces, officially as the Republic of the Seven United Netherlands (Dutch: ''Republiek der Zeven Verenigde Nederlanden''), and commonly referred to in historiography as the Dutch Republic, was a federal republic that existed from 1579, during the Dutch Revolt, to 1795 (the Batavian Revolution). It was a predecessor state of the Netherlands and the first fully independent Dutch nation state. The republic was established after seven Dutch provinces in the Spanish Netherlands revolted against rule by Spain. The provinces formed a mutual alliance against Spain in 1579 (the Union of Utrecht) and declared their independence in 1581 (the Act of Abjuration). It comprised Groningen, Frisia, Overijssel, Guelders, Utrecht, Holland and Zeeland. Although the state was small and contained only around 1.5 million inhabitants, it controlled a worldwide network of seafaring trade routes. Through its tradi ...
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Guilds
A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen belonging to a professional association. They sometimes depended on grants of letters patent from a monarch or other ruler to enforce the flow of trade to their self-employed members, and to retain ownership of tools and the supply of materials, but were mostly regulated by the city government. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places. Guild members found guilty of cheating the public would be fined or banned from the guild. Typically the key "privilege" was that only guild members were allowed to sell their goods or practice their skill within the city. There might be controls on minimum or maximum prices, hours of trading, numbers of apprentices, and many other things. These rules reduced free competition, but sometimes maintained ...
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Orangism (Netherlands)
In the history of the Dutch Republic, Orangism or ''prinsgezindheid'' ("pro-prince stance") was a political force opposing the ''Staatsgezinde'' (pro-Republic) party. Orangists supported the Princes of Orange as Stadtholders (a position held by members of the House of Orange) and military commanders of the Republic, as a check on the power of the ''regenten''. The Orangist party drew its adherents largely from traditionalists – mostly farmers, soldiers, noblemen and orthodox Protestant preachers, though its support fluctuated heavily over the course of the Republic's history and there were never clear-cut socioeconomic divisions. History The coup of stadtholder Maurice against Oldenbarnevelt Orangism can be seen as a continuation of the political opposition between the remonstrants and counter-remonstrants during the Twelve Years' Truce (1609-1621). The Remonstrants were tolerant and republican, with a liberal view on biblical interpretation, no belief in predestination a ...
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First Stadtholderless Period
The First Stadtholderless Period or Era (1650–72; nl, Eerste Stadhouderloze Tijdperk) is the period in the history of the Dutch Republic in which the office of Stadtholder was vacant in five of the seven Dutch provinces (the provinces of Friesland and Groningen, however, retained their customary stadtholder from the cadet branch of the House of Orange). It coincided with the zenith of the Golden Age of the Republic. The term has acquired a negative connotation in 19th-century Orangist Dutch historiography, but whether such a negative view is justified is debatable. Republicans argue that the Dutch state functioned very well under the regime of Grand Pensionary Johan de Witt, despite the fact that it was forced to fight two major wars with England, and several minor wars with other European powers. Thanks to friendly relations with France, a cessation of hostilities with Spain, and the relative weakness of other European great powers, the Republic for a while was able to play ...
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Stadholder
In the Low Countries, ''stadtholder'' ( nl, stadhouder ) was an office of steward, designated a medieval official and then a national leader. The ''stadtholder'' was the replacement of the duke or count of a province during the Burgundian and Habsburg period (1384 – 1581/1795). The title was used for the official tasked with maintaining peace and provincial order in the early Dutch Republic and, at times, became ''de facto'' head of state of the Dutch Republic during the 16th to 18th centuries, which was an effectively hereditary role. For the last half century of its existence, it became an officially hereditary role under Prince William IV of Orange. His son, Prince William V, was the last ''stadtholder'' of the republic, whose own son, William I of the Netherlands, became the first sovereign king of the United Kingdom of the Netherlands. The title ''stadtholder'' is roughly comparable to the historical titles of Lord Protector in England, Statthalter in the Holy Roman Empi ...
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