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Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean-Baptiste Say, stating that there can be no demand without supply.

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  • Say's Law
  • Say's law
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  • Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean-Baptiste Say, stating that there can be no demand without supply.
  • Jean-Baptiste Say Treatise of Political Economy (1803) “The simplest version of the law associated with this economist is that labor will only offer itself for employment in order to obtain income which is then used to purchase the output produced.” (Snowdon 2005 pp. 45-6) “This law does not deny the possibility that a misallocation of resources can occur and that a glut of certain commodities can develop, but this problem would be temporary and no such excess supply could occur for goods as a whole.” (Snowdon 2005 p. 46)
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abstract
  • Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean-Baptiste Say, stating that there can be no demand without supply.
  • Jean-Baptiste Say Treatise of Political Economy (1803) “The simplest version of the law associated with this economist is that labor will only offer itself for employment in order to obtain income which is then used to purchase the output produced.” (Snowdon 2005 pp. 45-6) “This law does not deny the possibility that a misallocation of resources can occur and that a glut of certain commodities can develop, but this problem would be temporary and no such excess supply could occur for goods as a whole.” (Snowdon 2005 p. 46)
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