Say's Law

Knowledge Center

   

Description of Say's Law. Explanation.

Contents

  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print
 

Definition Say's Law. Description.


Say's Law is the theory by French economist, Jean-Baptiste Say (17671832) that supply creates its own demand. He believed that increasing supply would yield full employment and that economies are supply-driven.


The more goods (for which there is demand) that are produced, the more those goods (supply) can constitute a demand for other goods. Therefore prosperity should be increased by stimulating production, not consumption. In Say's view, creation of more money simply results in inflation; more money demanding the same quantity of goods does not represent an increase in real demand.


Keynesian economics places central importance on demand, believing that on the macroeconomic level, the amount supplied is primarily determined by effective demand or aggregate demand. Because some producer income is eroded by savings and taxes, Keynes argued that they are demand-driven.


Say Law Forum
  Quotes on Say's Law. Quotations
Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to Say's Law?
Please enter a reaction to share it for other people to enjoy! Please use this template:
Author Name Year of Birth - Year of Death, short char...
     
 

Say Law Special Interest Group


Special Interest Group

 

Best Practices - Say Law Premium

Expert Tips - Say Law Premium

Resources - Say Law Premium
 

News

Say Law
     
 

Videos

Say Law
     
 

Presentations

Say Law
     
 

More

Say Law
     

Special Interest Group Leader

You here


 

Return to Management Hub: Finance & Investing  |  Marketing


More on Management  |  Return to Management Dictionary  | 

 

This ends our Say's Law summary and forum.

About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2016 12manage - The Executive Fast Track. V14.1 - Last updated: 3-12-2016. All names tm by their owners.