Jean-Baptiste Say

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Jean-Baptiste Say

Born: January 5, 1767

Died: November 15, 1832

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Biography: Jean-Baptiste Say was a French economist and businessman. He had classically liberal views and argued in favor of competition, free trade, and lifting restraints on business. He is best known due to Say's Law, which is named after him and at times credited to him, but while he discussed and popularized it, he did not originate it.

Jean-Baptiste Say

“Capital in the hands of a national government forms a part of the gross national capital.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter III, p. 73 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“Capital must work, as it were, in concert with industry; and this concurrence is what I call the productive agency of capital.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter III, p. 73 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“When a tree, a natural product, is felled, is society put into possession of no greater produce than that of the mere labour of the woodman?”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter IV, p. 76 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“The celebrated Adam Smith was the first to point out the immense increase of production, and the superior perfection of products referable to this division of labour.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter VIII, p. 91 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“To have never done anything but make the eighteenth part of a pin, is a sorry account for a human being to give of his existence.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter VIII, p. 98 (See also: Adam Smith) - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“A shop-keeper in good business is quite as well off as a pedlar that travels the country with his wares on his back. Commercial jealousy is, after all, nothing but prejudice: it is a wild fruit, that will drop of itself when it has arrived at maturity.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter IX, p. 101 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“The love of domination never attains more than a factitious elevation, that is sure to make enemies of all its neighbours.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter IX, p. 104 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“The United States will have the honour of proving experimentally, that true policy goes hand in hand with moderation and humanity.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XV, p. 138 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“I have made no distinction between the circulation of goods and of money, because there really is none.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVI, p. 142 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“The day will come, sooner or later, when people will wonder at the necessity of taking all this trouble to expose the folly of a system, so childish and absurd, and yet so often enforced at the point of a bayonet.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVII, Digression, p. 159 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVII, Section I, p. 168 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVII, Section II, p. 181 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVII, Section III, p. 188 - A Treatise On Political Economy (Fourth Edition)(1832)
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Jean-Baptiste Say

“Nothing is more dangerous in practice, than an obstinate, unbending adherence to a system, particularly in its application to the wants and errors of mankind.”

- Jean-Baptiste Say

Source/Notes: Book I, On Production, Chapter XVII, Section IV, P. 196 - A Treatise On Political Economy (Fourth Edition)(1832)
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