Home > Term: Say's law
Say's law
Supply creates its own demand. So argued a French economist, Jean-Baptiste Say (1767–1832), and many classical and neo-classical economists since. Keynes argued against Say, making the case for the use of fiscal policy to boost demand if there is not enough of it to produce full employment.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
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- summer.l
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