Sowell, Thomas, 1930-

Say's law : an historical analysis / Thomas Sowell. - Princeton, New Jersey : Princeton University Press, 1972 - 247 pages : graphs ; 23 cm

Includes bibliographical references (pages 235-239) and index.

1. The early development of Say's Law -- 2. Sismondi and equilibrium income -- 3. The British dissenters -- 4. The general glut controversy -- 5. The counterrevolution of John Stuart Mill -- 6. The Marxian challenge -- 7. The neoclassical period -- 8. The Keynesian revolution -- 9. General implications.

"Say's Law - the idea that 'supply creates it's own demand' - has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the 'general glut controversy,' which reached a peak in the 1820s, and the Keynesian Revolution of the 1930s. These controversies not only involved almost every noted economist of the time but had repercussions on basic economic theory, methodology, and sociopolitical theory." -- From the dust jacket.

0691041660

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Say, Jean Baptiste, 1767-1832.


Business cycles.
Overproduction.
Say's law.
Markets

HB 105.S25 / S68 1972

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