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It is quite ironic that the first time state financial accounts are used in a public debate is in 18th century France. The French monarchy

It is quite ironic that the first time state financial accounts are used in a public debate is in 18th century France. The French monarchy at this time claimed absolute, divine right. In this view, God alone gave the King power over the people of France and the King was accountable only to God. In addition, France was ruled by its nobility who constituted just 3% of the population but owned 90% of the country's wealth. Furthermore, under an ancient concept ofprivilege, the nobility paid little to no taxes. It is quite clear than in 18th century France the common folk had little power.

  • So it is very odd that in 1781, Jacques Necker published hisCompte Rendu au Roi.
  • What was privilege and what were the implications in 18th century France?
  • Who was Jacques Necker? What characteristics made him an unlikely hero to some and villain to others?
  • What was theCompte Rendu au Roiand what effect did its publication have on France?
  • The implication in this version of events was that an accountant played heavily into inciting the French public, ultimately leading to the French Revolution. Do you think this understanding is plausible? Do you think a similar situation could occur today in the United States? Why or why not?

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