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Quote by Jean-Baptiste Say

“Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others.”

Quote by Jean-Baptiste Say

Book:A treatise on political economy: or, The production, distribution and consumption of wealth

Work

A treatise on political economy: or, The production, distribution and consumption of wealth

A comprehensive examination of the economic systems and theories surrounding the generation, distribution, and consumption of wealth, offering insights into the functioning of economies. more

Author

Jean-Baptiste Say

Jean-Baptiste Say, an economist, was born on January 5, 1767, and died on November 15, 1832. He was one of the representative figures of the classical school of economics and is known for his profound understanding of the market economy and his advocacy for free economy. more

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“Demand and supply are the opposite extremes of the beam, whence depend the scales of dearness and cheapness; the price is the point of equilibrium, where the momentum of the one ceases, and that of the other begins.”

Depends Demand Opposites Extremes Scales Cease Momentum Beam Equilibrium Cheapness

Book:A treatise on political economy

Source: A treatise on political economy

“One product is always ultimately bought with another, even when paid for in the first instance with money.”

Firsts Products Paid Instance

Book:A treatise on political economy: or, The production, distribution and consumption of wealth

Source: A treatise on political economy: or, The production, distribution and consumption of wealth

“A much larger value is consumed in lettuces than in pineapples,throughout Europe at large; and the superb shawls of Cachemere are, in France, a very poor object in trade, in comparison with the plain cotton goods of Rouen.”

Values Poor Objects Europe Trade France Comparison Goods Consumed Cotton Superb Lettuce Pineapples

Author:Jean-Baptiste Say

“Whence it is evident that the remedy must be adapted to the particular cause of the mischief; consequently, the cause must be ascertained, before the remedy is devised.”

Causes Particular Remedy Evident Mischief Adapted

Book:A Treatise on Political Economy; Or, The Production, Distribution, and Consumption of Wealth

Source: A Treatise on Political Economy; Or, The Production, Distribution, and Consumption of Wealth

“It is a melancholy but an undoubted fact, that, even in the most thriving countries, part of the population annually dies of mere want. Not that all who perish from want absolutely die of hunger; though this calamity is of more frequent occurrence than is generally supposed.”

Want Country Facts Dies Mere Hunger Population Melancholy Calamity

Book:A treatise on political economy: or, The production, distribution and consumption of wealth

Source: A treatise on political economy: or, The production, distribution and consumption of wealth

“All travellers agree that protestant are both richer and more populous than catholic countries;and the reason is, because the habits of the former are more conducive to production.”

Country Reason Habit Catholic Agree Productions Former Traveller Protestants

Book:A treatise on political economy; or, The production, distribution, and consumption of wealth. Tr. by C.R. Prinsep, with notes

Source: A treatise on political economy; or, The production, distribution, and consumption of wealth. Tr. by C.R. Prinsep, with notes

“Opulent, civilized, and industrious nations, are greater consumers than poor ones, because they are infinitely greater producers.”

Nations Poor Greater Producers Consumers Civilized Industrious

Book:History of Economic Theory: The Selected Writings of Adam Smith, Jean-Baptiste Say, and J.R. McCulloch

Source: History of Economic Theory: The Selected Writings of Adam Smith, Jean-Baptiste Say, and J.R. McCulloch

“In times of political confusion, and under an arbitrary government, many will prefer to keep their capital inactive, concealed, and unproductive, either of profit or gratification, rather than run the risk of its display. This latter evil is never felt under a good government.”

Government Running Political Evil Felt Risk Profit Confusion Latter Display Arbitrary Gratification Concealed Unproductive

Book:A Treatise on Political Economy; Or, The Production, Distribution, and Consumption of Wealth

Source: A Treatise on Political Economy; Or, The Production, Distribution, and Consumption of Wealth

“The luxury of ostentation affords a much less substantial and solid gratification, than the luxury of comfort, if I may be allowed the expression.”

Ifs May Expression Comfort Luxury Gratification Ostentation

Book:A treatise on political economy, or, the production, distribution, and consumption of wealth

Source: A treatise on political economy, or, the production, distribution, and consumption of wealth

“Every individual, from the common mechanic, that works in wood or clay, to the prime minister that regulates with the dash of his pen the agriculture, the breeding of cattle, the mining, or the commerce of a nation, will perform his business the better, the better he understands the nature of things,and the more his understanding is enlightened.”

Individual Nations Understanding Common Woods Ministers Enlightened Pens Prime Commerce Agriculture Prime Minister Mechanic Clay Breeding Cattle Mining E Commerce

Book:History of Economic Theory: The Selected Writings of Adam Smith, Jean-Baptiste Say, and J.R. McCulloch

Source: History of Economic Theory: The Selected Writings of Adam Smith, Jean-Baptiste Say, and J.R. McCulloch