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Jean-Baptiste Say

Definition

Jean-Baptiste Say was a French economist and businessman. He had classically liberal views and argued in favor of competition, free trade, and lifting restraints on business. He is best known for Say's Law, also known as the law of markets, which he popularized. Scholars disagree on the surprisingly subtle question of whether it was Say who first stated what we now call Say's Law.

What is 'Jean-Baptiste Say'

A French classical, liberal economist and scholar. Jean-Baptiste Say is known for his contribution to Say's Law of Markets and for his work on "A Treatise On Political Economy". Say was born in 1767, taught political economy in France at Conservatoire National des Arts et Metiers, and later at the College de France.

Explaining 'Jean-Baptiste Say'

Say's Law roughly says that the economy is self-regulating so production is the source of demand but has been interpreted in many ways and is frequently misunderstood to mean "supply creates its own demand". Another famous economist, John Maynard Keynes, criticized his law. Say was heavily influenced by Adam Smith and promoted the laissez-faire philosophy. His contemporaries include Thomas Malthus and David Ricardo.



Further Reading


Jean-Baptiste Say, The Father of Austrian Public Finance: Views on Taxation
link.springer.com [PDF]
… fear of goods from Hesiod to Adam Smith Cosimo Perrotta Jean-Baptiste Say and the … 131 132 Thomas Tooke and the Monetary Thought of Classical Economics Matthew Smith … The contributions of Frédéric Bastiat Robert Leroux Stalin's Economist The economic contributions of …

Jean-Baptiste Say: the project" For a monetary reform in David Ricardo's style"Jean-Baptiste Say: the project" For a monetary reform in David Ricardo's style"
www.jstor.org [PDF]
… fear of goods from Hesiod to Adam Smith Cosimo Perrotta Jean-Baptiste Say and the … 131 132 Thomas Tooke and the Monetary Thought of Classical Economics Matthew Smith … The contributions of Frédéric Bastiat Robert Leroux Stalin's Economist The economic contributions of …

Jean-Baptiste Say: Écrits sur la monnaie, la banque et la financeJean-Baptiste Say: Écrits sur la monnaie, la banque et la finance
www.theses.fr [PDF]
… fear of goods from Hesiod to Adam Smith Cosimo Perrotta Jean-Baptiste Say and the … 131 132 Thomas Tooke and the Monetary Thought of Classical Economics Matthew Smith … The contributions of Frédéric Bastiat Robert Leroux Stalin's Economist The economic contributions of …

Why does Jean-Baptiste Say think economics is worth studying?Why does Jean-Baptiste Say think economics is worth studying?
www.tandfonline.com [PDF]
… fear of goods from Hesiod to Adam Smith Cosimo Perrotta Jean-Baptiste Say and the … 131 132 Thomas Tooke and the Monetary Thought of Classical Economics Matthew Smith … The contributions of Frédéric Bastiat Robert Leroux Stalin's Economist The economic contributions of …

Why is money important in Jean-Baptiste Say's analysis?Why is money important in Jean-Baptiste Say's analysis?
www.tandfonline.com [PDF]
… fear of goods from Hesiod to Adam Smith Cosimo Perrotta Jean-Baptiste Say and the … 131 132 Thomas Tooke and the Monetary Thought of Classical Economics Matthew Smith … The contributions of Frédéric Bastiat Robert Leroux Stalin's Economist The economic contributions of …



Q&A About Jean-Baptiste Say


Who influenced Say?

Adam Smith and David Ricardo were two of his influences.

What is Jean-Baptiste Say known for?

He is known for his contribution to Say's Law of Markets and his work on "A Treatise On Political Economy".

What did he promote?

Laissez-faire philosophy. His contemporaries include Thomas Malthus and David Ricardo.

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