Concept
Jean-Baptiste Say
Overview
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. 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 conceptualized entrepreneurs as organizers and leaders of the economy. He was also closely involved in the development of the École spéciale de commerce et d'industrie (ESCP), historically the first business school to be established.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
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Other nations leave the trade of their colonies free to all their subjects, who may carry it on from all the different ports of the mother country, and who have occasion for no other license than the common despatches of the custom-house. In this case the number and dispersed situation of the different traders renders it impossible for them to enter into any general combination, and their competition is sufficient…
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
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The parliament of Scotland, when he first proposed his project, did not think proper to adopt it. It was afterwards adopted, with some variations, by the Duke of Orleans, at that time regent of France. The idea of the possibility of multiplying paper money to almost any extent was the real foundation of what is called the Mississippi scheme, the most extravagant project, both of banking and stock-jobbing, that…
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
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7. The case which we have just examined, is an example in how remarkable a manner every cause which materially influences exports, operates upon the prices of imports. According to the ancient theory of the balance of trade, and to the associations of the generality of what are termed practical men to this day, the sole benefit derived from commerce consists in the exports, and imports are rather an evil than…
John Stuart Mill, Essays on some unsettled Questions of Political Economy
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Philosophers who discussed Jean-Baptiste Say
Related ideas
- French Revolution
- Geneva
- Industrial Revolution
- John Stuart Mill
- Joseph Schumpeter
- James Mill
- Adam Smith
- Paris
- Risk
- Protestantism
- Kingdom of France
- Collège de France
- Aggregate demand
- Say's law
- John Maynard Keynes
- Political economy
- Competition (economics)
- Free trade
- Uncertainty
- Napoleon
- Ecclesiastes
- Say's Political Economy
- Supply creates its own demand
- Aggregate supply
Place in the tradition
Part of Liberalism.