Jean-Baptiste Say Quotes


A much larger value is consumed in lettuces than in pineapples,throughout Europe at large; and the superb shawls of Cachemere are, in France, a very poor object in trade, in comparison with the plain cotton goods of Rouen.


Citations

Say, Jean-Baptiste. A Treatise on Political Economy. Translated by C. R. Prinsep, Grigg & Elliot, 1836.

Related Quotes

This was in response to English Emissaries who wanted to establish trading businesses in China. The Emperor would not even meet personally with Lord McCartney, the first British envoy because McCartney would not kow-tow to the Emperor. The “hongs” were special businesses set up by Chinese businessmen who had paid the Proper fee, for the purposes of being traders with foreigners. Canton, now Guangzhou, is 150 years later still the major international trading center in China although there are no longer restrictions. At the time, the British paid for their Chinese good with Opium that they had purchased in their Indian Colony. English cloth and other goods would be sent to India, traded for opium, which was brought to China and traded for tea, silks and porcelain which were returned to England and turned into cash than was worth much more than their original purchase and the cost of the voyage.


Jean-Baptiste Say
Jean-Baptiste Say
  • Born: January 5, 1767
  • Died: November 15, 1832
  • Nationality: French
  • Profession:

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. Scholars disagree on the surprisingly subtle question of whether it was Say who first stated what is now called Say's law. Moreover, he was one of the first economists to study entrepreneurship and conceptualized entrepreneurs as organizers and leaders of the economy.