“If one individual, or one class, can call in the aid of authority to ward off the effects of competition, it acquires a privilege and at the cost of the whole community; it can make sure of profits not altogether due to the productive services rendered, but composed in part of an actual tax upon consumers for its private profit' which tax it commonly shares with the authority that thus unjustly lent its support.”
Quote by Jean-Baptiste Say
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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