Jean-Baptiste Say Quotes About Economy
-
To the labor of man alone Smith ascribes the power of producing values. This is an error. A more exact analysis demonstrates... that all the values are derived from the operation of labor, or rather from the industry of man, combined with the operation of those agents which nature and capital furnish him.
→ -
All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce.
→ -
Political economy has only become a science since it has been confined to the results of inductive investigation.
→ -
Wherefore it is impossible to succeed in comparing wealth of different eras or different nations. This, in political economy, like squaring the circle in mathematics, is impracticable, for want of a common mean or measure to go by.
→ -
To a proprietor of a mine, the silver money is a produce with which he buys what he has occasion for. To all those through whose hands this silver afterwards passes, it is only the price of the produce which they themselves have raised by means of their property in land, their capitals, or their industry. In selling them they in the first place exchange them for money, and afterwards they exchange the money for articles of consumption.
→ -
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.
→
Related Authors
-
Israel Kirzner Economist -
Anne-Robert-Jacques Turgot, Baron de Laune French statesman -
Alfred Marshall Economist -
Adam Smith Philosopher -
William Petty Economist -
Francois Quesnay Economist -
John Stuart Mill Philosopher -
Karl Marx Philosopher -
Friedrich August von Hayek Economist -
Carl Menger Economist -
John Maynard Keynes Economist -
David Ricardo Economist -
James Mill Economist -
Thomas Malthus Scholar -
Ludwig von Mises Philosopher -
Frederic Bastiat Economist -
Joseph A. Schumpeter Economist -
Arthur Cecil Pigou Economist