Jean-Baptiste Say is read about 178 times a day, in 48 languages.
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Something wrong?The French economist who gave free markets their most enduring slogan: supply creates its own demand. Say's law still frames debates on whether economies can ever suffer from too little spending, or whether production itself guarantees buyers.
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In their own words 10
With respect to the present time, there are few persons who unite the qualifications of good observers with a situation favourable for accurate observation.
Nothing can be more idle than the opposition of theory to practice!
Political economy has only become a science since it has been confined to the results of inductive investigation.
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Jean-Baptiste Say was born 5 January 1767 in France and built his career arguing for competition, free trade, and unshackled business at a time when mercantilism still gripped much of Europe. He popularized what became Say's law - the law of markets - though scholars dispute whether he originated it. Beyond that doctrine, Say broke ground by studying entrepreneurship itself, framing entrepreneurs as organizers and leaders who drive economies forward. He helped develop the École spéciale de commerce et d'industrie, the first business school ever established. He died 15 November 1832, leaving a liberalism that treated markets as self-correcting machines.
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