Jean-Baptiste Say (jan 1, 1767 – jan 1, 1832)
Description:
- French economist- Influenced by Adam Smith
- Came up with "Say's Law"
- Said that "supply creates its own demand"
- Rejected government intervention
- Economy tends towards full employment in the absence of government intervention
- Idea was questioned during the Great Depression in the 1930s
- Gave rise to the birth of macroeconomics
Added to timeline:
Date:
jan 1, 1767
jan 1, 1832
~ 65 years