Jean-Baptiste Say Quotes
capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.
Say, Jean-Baptiste. A Treatise on Political Economy. Translated by C. R. Prinsep, Grigg & Elliot, 1836.
This was a tragic prediction for some as it was used as a theoretical reason for little intervention in the Irish famine a few decades later. The then population density is exceeded by many countries today.
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.