Jean-Baptiste Say Quotes


Every individual, from the common mechanic, that works in wood or clay, to the prime minister that regulates with the dash of his pen the agriculture, the breeding of cattle, the mining, or the commerce of a nation, will perform his business the better, the better he understands the nature of things,and the more his understanding is enlightened.


Citations

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

Related Quotes

1st Marquees of Halifax. This is a very important quotation because it still has much validity today. The “Prince” is the Monarch, King or Official Heading the State. Savile points out that if the Price does not take the time or make the effort to understand an issue and its complexity, he then must trust his advisors and their opinions rather than have any intelligent and knowledgeable views of his own. In modern times the advice applies to elected officials, executive and legislative. If they do not take time and make the effort to understand a complex issue, they cannot use their own judgment but must accept the judgment of staff, friends, colleagues, party leaders, lobbyists or members of committees who they hope are not also ignorant. In modern legislatures, there are so many different issues in so many areas, that it is very difficult to have the time to make the effort to study all the issues. This problem is compounded with politicians as they tend to spend large amounts of their time fundraising for their next election and simply do not have enough time to study issues. In the Congress for example, most members vote on bills that they have not even read and they end up trusting someone else’s judgment.


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.