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Colbert worked to develop the domestic economy by raising tariffs and by encouraging major public works projects, and to ensure that the French East India Company had access to foreign markets, so that they could always obtain coffee , cotton , dyewoods , fur , pepper and sugar. Colbert worked to create a favourable balance of trade and increase France's colonial holdings. Colbert's market reforms included the foundation of the Manufacture royale de glaces de miroirs in to supplant the importation of Venetian glass forbidden in , as soon as the French glass manufacturing industry was on sound footing and to encourage the technical expertise of Flemish cloth manufacturing in France. He also founded royal tapestry works at Gobelins and supported those at Beauvais. Colbert issued more than edicts to regulate the guilds.

He is known above all for his Fables , which provided a model for subsequent fabulists across Europe and numerous alternative versions in France, and in French regional languages. After a long period of royal suspicion, he was admitted to the French Academy and his reputation in France has never faded since. Evidence of this is found in the many pictures and statues of the writer, as well as later depictions on medals, coins and postage stamps. Both sides of his family were of the highest provincial middle class; though they were not noble, his father was fairly wealthy. He was, however, settled in life, or at least might have been so, somewhat early.

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