Jean-Baptiste Say was a French classical economist and businessman, and among the first economists to treat entrepreneurship as a distinct productive function rather than folding it into labor or capital. His 1803 Traite d'economie politique set out the argument, later shortened by others to supply creates its own demand, that a good's production simultaneously creates the income to buy other goods, a proposition classical and later Austrian economists took as ruling out a general glut and that Keynesian economics explicitly rejects as a description of a modern monetary economy.
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Jean-Baptiste Say
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Source History of Economic Thought Website: Jean-Baptiste Say profile
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Additional Source Say's law (Wikipedia)Say's law, Origin section
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Additional Source WikipediaJean-Baptiste Say, career/periodical section
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Wikimedia FoundationLead section / Say's law
Say's law has been one of the principal doctrines used to support the laissez-faire belief that a capitalist economy will naturally tend toward full employment and prosperity without government intervention.
Influenced By: Adam Smith, Jean-Baptiste Say, career/periodical section
From 1794 to 1800, he edited a periodical, entitled La Decade philosophique, litteraire, et politique, in which he expounded the doctrines of Adam Smith.
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5 January 1767
Lead section, death date
15 November 1832)
In Group: Classical and Pre-Classical Political Economists, Lead
Jean-Baptiste Say (French: [ʒɑ̃batist sɛ]; 5 January 1767-15 November 1832) was a liberal French economist and businessman who argued in favor of competition, free trade, and lifting restraints on business.
View the SourceSay's law (Wikipedia)
History of Economic Thought Website: Jean-Baptiste Say profile
History of Economic Thought WebsiteAssociated With School: Classical Economics, Profile pageQuote, Associated With School: Classical Economics, Profile page
French Classical economist, often considered the father of the French Liberal School Jean-Baptiste Say was born in Lyons to a family of textile merchants of Huguenot extraction.
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