Jean-Baptiste Say
Jean-Baptiste Say was a 19th-century French economist known for Say's Law, which posits that supply creates its own demand. This idea suggests that production will generate enough demand to sell goods, emphasizing the importance of entrepreneurship and free markets. In the context of conservatism, Say's work aligns with the belief in limited government intervention in the economy and the value of individual initiative. Say advocated for policies that support business and trade, reflecting conservative principles of fiscal responsibility and the belief that a thriving private sector leads to overall economic prosperity and social stability.
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Jean Baptiste Say was a French economist in the early 19th century, best known for his ideas on supply and demand. He formulated "Say's Law," which states that production creates its own demand; in other words, when goods are made, they find a market because people need them. Say emphasized the importance of entrepreneurship and believed that free markets lead to economic growth. His work laid foundational concepts for classical economics, influencing later economists and shaping our understanding of how economies function.