May 15, 14 •
456 Views •
Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Government, Households, Labor, Macroeconomic Measurement, Money and Monetary Policy, Regulation, Thinking Economically •
Elaine Schwartz •
There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers are also consumers. The money... [read more]
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