In classical economics, Say's law, or the law of markets, is the claim that the production of a product creates demand for another product by providing...

is best known for Say's law—also known as the law of markets—which he popularized, although scholars disagree as to whether it was Say who first articulated...

"Supply creates its own demand" is a formulation of Say's law. The rejection of this doctrine is a central component of The General Theory of Employment...

acknowledged that such measures could only delay and not solve overproduction. Say's law states that "The more goods [for which there is demand] that are produced...

economists argue that there are no general gluts, advocating a form of Say's law (conventionally but controversially phrased as "supply creates its own...

also be in equilibrium. The term "Walras's law" was coined by Oskar Lange to distinguish it from Say's law. Some economic theorists also use the term...

criticized Say's separate formulations as amounting to the same thing. Some advocates of Say's law who disagree with Keynes have claimed that Say's law can be...

David Ricardo embraced Say's Law, suggesting, in Keynes's formulation, that "supply creates its own demand". According to Say's Law, for every excess supply...

Wirth's law Wright's law Zimmerman's law Laws of supply and demand Gresham's law Say's law Law of diminishing marginal utility Ricardo's law Okun's law Aitken's...

of the law". Sowell received his Doctor of Philosophy in economics from the University of Chicago in 1968. His dissertation was titled "Say's Law and the...

condition of the underdeveloped country. Nurkse is of the opinion that Say's Law of markets operates in underdeveloped countries. Thus, if the money incomes...

In addition to Smith's legacy, Say's law, Thomas Robert Malthus' theories of population and David Ricardo's iron law of wages became central doctrines...

and Say's law in economics. Examples of observed phenomena often described as laws include the Titius-Bode law of planetary positions, Zipf's law of linguistics...

idea developed by Jean Baptiste Say that theorizes that supply generates its own demand, known as Say's Law. Say's Law emphasizes the idea that there is...

refute the viability of Say's law occurring within the economy. For Marx, his key to understanding the failures of Say's law stems from his conception...

insufficient to give an economy full employment in the long term, in contrast to Say's law which insists "supply creates its own demand" and doesn't allow the possibility...

Hants, England: Edward Elgar, 1994 "Say's Law, Growth Theory, and Supply Side Economics," Two Hundred Years of Say's Law, ed. Steven Kates. Hants, England:...

economics was the theory of underconsumption, a scathing criticism of Say's law and classical economics' emphasis on thrift. However, this discredited...

the first decisive swing at the idea of money as a "veil" as well as Say's law. Extending from Ricardo's investigation of income distribution, Wicksell...

theory on three principal grounds. The first criticism is that, following Say's law and the related circle of ideas, if demand slackens, prices will fall...

(1 ed.). London: John Murray. Cowen, Tyler (2000). "Say's Law and Keynesian Economics". Jean-Baptiste Say: Critical Assessments of Leading Economists. Vol...

nowhere especially high, the highest points being Meikle Says Law at 535 m (1,755 ft) and the Lammer Law at 528 m (1,732 ft); but steep gradients, exposure...

underconsumption had been used repeatedly as part of the criticism of Say's Law until underconsumption theory was largely replaced by Keynesian economics...

framework, and its successor, neoclassical economics, which, based on Say's law, argued that unless special conditions prevailed, the free market would...

Sarnoff's law: The value of a broadcast network is proportional to the number of viewers. Say's law, attributed to economist Jean-Baptiste Say by economist...

classical theory of comparative advantage in 1817. Jean-Baptiste Say, developed Say's law stating that a free economy could not know economic crises. Ronald...

of equilibrium prices by well-behaved supply and demand functions; and Say's law, are not necessary or essential elements of the classical theory of value...

Benford's law, also known as the Newcomb–Benford law, the law of anomalous numbers, or the first-digit law, is an observation that in many real-life sets...

theories of the Classical School are Say's Law, Quantity theory of money and the role of interest rates. Say's Law (supply creates its own demand) implies...

The Leahy Laws or Leahy amendments are U.S. human rights laws that prohibit the U.S. Department of State and Department of Defense from providing military...