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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 something of value which can be exchanged for that other product. So, production is the source of demand.
Das saysche (oder Say’sche) Theorem (auch saysches ( Say’sches) Gesetz) geht auf Jean-Baptiste Say (1803) und James Mill zurück. Es formuliert einen Kausalzusammenhang zwischen den volkswirtschaftlichen Größen Angebot und Nachfrage. Das Theorem zählt zu den klassischen bzw. neoklassischen Theoremen und ist ein entscheidender ...
saysches Theorem. nach dem französischen Nationalökonomen Jean Baptiste Say (* 1767, † 1832) bezeichneter ökonomischer Lehrsatz, bei dem angenommen wird, dass sich jedes volkswirtschaftliche Angebot seine eigene Nachfrage selbst schafft, da mit der Herstellung von Gütern gleichzeitig das Geld verdient wird, um diese Güter zu kaufen.
Definition and explanation of Say's law - the production of goods creates its own demand. Quotes from Say, Keynes. Implications and criticisms of this economic theory.
Supply creates its own demand" is the formulation of Say's law. The rejection of this doctrine is a central component of The General Theory of Employment, Interest and Money (1936) and a central tenet of Keynesian economics. See Principle of effective demand, which is an affirmative form of the negation of Say's law.
28. Okt. 2016 · Say’s Law, the apparently simple proposition that supply creates its own demand, has had many different meanings, and many sets of reasoning underlying each meaning – not all of these by Jean-Baptiste Say. Historically, Say’s Law emerged in the wake...
As a matter of historical accuracy, just as Jean-Baptiste Say never wrote down anything as simpleminded as Say’s law, John Maynard Keynes never wrote down Keynes’ law, but the law is a useful simplification that conveys a certain point of view.
