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Journal Article
Two Hundred Years of Say's Law: Essays on Economic Theory's Most Controversial Principle
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History of Political Economy (2005) 37 (2): 382–385.
Published: 01 June 2005
... are always starting clear at each moment, judging the
value of things with a view to future utility” (Jevons, as quoted by McCann, 82), the
collection’s value is more in question.
David Colander, Middlebury College
Two Hundred Years of Say’s Law: Essays...
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Journal Article
Fred Manville Taylor and the Origins of the Term “Say's Law”
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History of Political Economy (2022) 54 (2): 329–350.
Published: 01 April 2022
...Alain Béraud; Guy Numa Abstract The term “Say's Law” was introduced in the twentieth century by an American economist, Fred Manville Taylor. To this date, no research has thoroughly investigated how the term came to be and what it really meant in Taylor's writings. This paper aims to examine how...
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Journal Article
William Blake on the Effects of Government Fiscal Policy on Activity and Prices
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History of Political Economy (2014) 46 (3): 491–523.
Published: 01 September 2014
... of the subsequent retrenchment of government expenditure in explaining postwar economic stagnation. The essay shows that Blake was an ardent critic of Say’s law and argued that the postwar British economic depression characterized by a persistent general glut of commodities was the result of a lack of demand, which...
Journal Article
Money as a Store of Value: Jean-Baptiste Say on Hoarding and Idle Balances
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History of Political Economy (2020) 52 (5): 925–946.
Published: 01 October 2020
.... Hoarding was an integral part of Say’s economic system that did not invalidate his law of outlets. Correspondence may be addressed to Guy Numa, Economics Department, Colorado State University, Campus Delivery 1771, Fort Collins, CO 80523-1771; email: [email protected] . Copyright 2020 by Duke...
Journal Article
Say's Second Visit to Britain: A Career Turning Point
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History of Political Economy (2022) 54 (3): 393–414.
Published: 01 June 2022
... to be wrong. In addition to this new analysis, his trip allowed Say to observe the relevance of his ideas in another country. The subsequent edition of the Traité was enriched by his observations and encounters in Britain (on parliamentarism, the Corn Laws, and money). Moreover, his journey allowed Say...
FIGURES
Journal Article
The Road to Heterodoxy: F. S. Constâncio and the Critical Acceptance of Classical Political Economy
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History of Political Economy (1999) 31 (3): 473–492.
Published: 01 September 1999
...José Luís Cardoso CISEP-ISEG/UTL, Rua Miguel Lupi, 20, 1200 Lisbon, Portugal; e-mail: [email protected] . Copyright © 1999 by Duke University Press 1999 References Baumol , William J. . 1977 . Say's (at Least) Eight Laws; or, What Say and James Mill May Really Have Meant...
Journal Article
Money and General Gluts: The Analysis of Say, Malthus, and Ricardo
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History of Political Economy (2005) 37 (4): 661–688.
Published: 01 November 2005
...Walter Eltis Correspondence may be addressed to Walter Eltis, Danesway, Jarn Way, Boars Hill, Oxford 0X1 5JF, United Kingdom. Duke University Press 2005 Baumol, W. 1977 . Say's (at Least) Eight Laws, or What Say and James Mill May Really Have Meant. Economica 44.2 : 145 -61...
Journal Article
The Teaching of Business Cycles in 1905–1906: Insight Into the Development of Macroeconomic Theory
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History of Political Economy (1972) 4 (1): 140–162.
Published: 01 March 1972
... conceptualization, and also evidence the
considerable intellectual f erment-largely forgotten and thus neg-
lected by both macro theorists and historians of economic thought-
that accompanied the acknowledged doctrine of Say's law.
The notes were taken during his senior year at Harvard by a stu-
dent...
Journal Article
Malthus’ Model of General Gluts
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History of Political Economy (1977) 9 (3): 366–383.
Published: 01 September 1977
...Salim Rashid Copyright © 1977 by Duke University Press 1977 Malthus’ model of general gluts
Sa1 im Rash id
Keynes’ generous praise of Malthus’ attack on Say’s Law’ is now all
too well-known. The issues have been argued in several articles and
books, resulting in a moderate...
Journal Article
Sismondi: A Neglected Pioneer
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History of Political Economy (1972) 4 (1): 62–88.
Published: 01 March 1972
...-1842) originated more funda-
mental economic concepts and theories than many economists of
wider and more enduring fame. Yet when he is remembered at all,
it is usually as one among many opponents of Say’s Law, or for his
questionable theories of technological unemployment...
Journal Article
Marx and Keynes on Effective Demand and Unemployment
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History of Political Economy (1986) 18 (3): 419–441.
Published: 01 September 1986
... their criticisms of Say’s law and the theories of money
of their predecessors. These criticisms show important similarities; but,
though starting from a similar criticism of Say’s law, Marx and Keynes
arrived at different conclusions concerning the conditions under which
unemployment of labour along...
Journal Article
‘Uncertainty’ in Keynes’ General theory: a comment
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History of Political Economy (1983) 15 (1): 83–86.
Published: 01 March 1983
.... However, in a 1937 article, Keynes listed two major
areas where he differed from the traditional theory.2 The first is uncer-
tainty, and here Keynes discussed the marginal efficiency of capital and
the role of money. The second is the multiplier and an explicit repudiation
of Say’s law...
Journal Article
The Structure of Classical Economic Theory.
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History of Political Economy (1976) 8 (2): 303–305.
Published: 01 June 1976
... analysis and his critique of
Say’s Law is treated, as is cyclical theory in the classical context with special
emphasis on Marx’s analysis of the trade cycle. Finally, the close of the
system with Walras and the Austrians is considered.
Aside from the fact that not all readers’ tastes may...
Journal Article
On Some Classical Monetary Controversies
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History of Political Economy (1989) 21 (2): 201–229.
Published: 01 June 1989
....
In my 1985 article, I argued that numerous supposed inconsistencies or
errors in classical monetary theory-dichotomizing the determination of
relative prices and the price level,, ignoring the real-balance effect, and
belief in Say’s Law’ and the Law of Reflux-can be validly deduced from
a model...
Journal Article
Malthus' Principles and British economic thought, 1820–1835
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History of Political Economy (1981) 13 (1): 55–79.
Published: 01 March 1981
... Economy 1 (1969): 67-84; B. J. Gordon, “Say’s Law, Effective Demand, and
the Contemporary British Periodicals, 1820 -1850,” Econornica, 1965, pp. 438-46; idem,
“Criticism of Ricardian Views on Value and Distribution in the British Periodicals,
1820-1850,” History of Political Economy I (1969...
Journal Article
Walras’ Economics: A Pure Theory of Capital and Money.
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History of Political Economy (1980) 12 (1): 131–135.
Published: 01 March 1980
... of functions which gives rise to the likelihood that savings and invest-
ment will not be equal. Recognition of this state of affairs would have led LW
to a rejection of Say’s law and down the path to Keynesianism (pp. viii, 7,
104, 125-26, 132, 151). Following that path, MM constructs a “Walras...
Journal Article
Marxism: philosophy and economics
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History of Political Economy (1986) 18 (3): 541–543.
Published: 01 September 1986
... discussion of Marx’s theory of
economic crises, Sowell amply shows that Marx simultaneously rejected under-
consumption theories and Say’s law. He interprets Marx’s theory as providing for
general gluts, but on the basis of generalized disproportionality. While Say’s law
argues that a sectoral...
Journal Article
Is Food Self-Sufficiency Conducive to Long-Term Growth? An Assessment of Malthus (1803) on the International Corn Trade
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History of Political Economy (2017) 49 (1): 113–136.
Published: 01 March 2017
..., and of preventing the recurrence of such a calamity in future . London : John Cumming . Baumol William J. 1977 . “Say's (at Least) Eight Laws, or What Say and James Mill May Really Have Meant.” Economica , n.s., 44 ( 174 ): 145 – 61 . Chipman John S. 1965 . “A Survey of the Theory...
Journal Article
The Other Correspondence of T. R. Malthus: A Preliminary List and Selected Commentary
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History of Political Economy (2016) 48 (1): 65–110.
Published: 01 March 2016
..., Australia, and the staff of Dixson Library at the University of New England have provided financial and administrative support for this and other research projects over many years. Copyright 2016 by Duke University Press 2016 T. R. Malthus correspondence J.-B. Say N. W. Senior Corn Laws...
Journal Article
On the Effectiveness of Changes in Money Supply: The Puzzle of Mill's View
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History of Political Economy (1996) 28 (3): 459–473.
Published: 01 September 1996
... on the effectiveness of variations in the money
SUPPl Y *
The 1844 essay has often been considered to conflict with other works,
especially the Principles, because it dwells upon short-run analysis and
shows that, in a monetary economy, Say’s law can be ~iolated.~Yet,
when closely examined, its...
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