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Jean-Baptiste Say was a liberal French economist and businessman who 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, although scholars disagree as to whether it was Say who first articulated the theory. Moreover, he was one of the first economists to study entrepreneurship and conc…
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culture · French economist and businessman (1767–1832) · economist · industrialist · journalist · translator · writer · political economist · also Jean-Baptiste Say, Jean Baptiste Say, Say
Born 5 January 1767 · Died 14 November 1832 · Q13513
14 published statements · 0 followers
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“regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication.”
“At Newfoundland, it is said, that dried cod performs the office of money,”
“capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.”
“Aggregate supply creates its own aggregate demand”
Investopedia: Jean-Baptiste Say: History of the Economist
Died 1832-11-14.
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Was made professor of political economy at the Collège de France
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Say was elected a foreign member of the Royal Swedish Academy of Sciences
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Became a member of the improvement council of the École spéciale de commerce et d'industrie, later renamed École Supérieure de Commerce de Paris, now ESCP Business School, one of the first business schools in the worl
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At the Conservatoire des Arts et Métiers
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Say availed himself (to use his own words) of the relative liberty arising from the entrance of the allied powers into France to bring out a second edition of the work dedicated to the emperor Alexander I of Russia, who
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Writing that "production of commodities creates, and is the one and universal cause which creates a market for the commodities produced"
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Published his principal work, the Traité d'économie politique ou simple exposition de la manière dont se forment, se distribuent et se composent les richesses
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Born 1767-01-05.
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