Jean-Baptiste Say: Difference between revisions
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* [http://mises.org/about/3242 J.B. Say: The Forgotten Early Austrian] by Larry Sechrest. | * [http://mises.org/about/3242 J.B. Say: The Forgotten Early Austrian] by Larry Sechrest. | ||
* [[Wikipedia:Jean Baptiste Say|Say]] on Wikipedia | * [[Wikipedia:Jean Baptiste Say|Say]] on Wikipedia | ||
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Revision as of 12:46, 13 June 2009
Jean-Baptiste Say (5. January 1767 – 15. November 1832) was a French economist and businessman. He realized that economics is not about the amassing of data, but rather about the verbal elucidation of universal facts (for example, wants are unlimited, means are scarce) and their logical implications.
Say discovered the productivity theory of resource pricing, the role of capital in the division of labor, and "Say's Law": there can never be sustained "overproduction" or "underconsumption" on the free market if prices are allowed to adjust. He was a defender of laissez-faire and the industrial revolution.
See also
- J.B. Say: The Forgotten Early Austrian by Larry Sechrest.
- Say on Wikipedia