Chevalier, Michel mēshĕl´ shəvälyā´ [key], 1806–79, French economist. An ardent Saint-Simonian as a youth, he later favored a form of welfare capitalism. He advocated industrial development as the key to social progress. Also a proponent of free trade, he negotiated with Richard Cobden the Anglo-French trade treaty of 1860. His Lettres sur l'Amérique du Nord (1836) extols the United States.
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