Short must-read.
So much for invoking "Say's law" against fiscal stimulus to offset demand leakage and unemployment. He anticipated Keynes's criticism of changing propensity to save versus propensity to consume and recognized the potential for short-run supply gluts.
Like Adam Smith and David Ricardo, Jean-Baptiste Say was pressed into neoliberal service.
EconoSpeak
Jean-Baptiste Say Did Not Believe In Say's Law
Barkley Rosser
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