Description
Book SynopsisSay's Law--the idea that "supply creates its own demand"--has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the "general glut controversy" that reached a peak in the 182
Trade Review"Say's Law--the idea that supply creates its own demand--has produced two major controversies in the history of economics... This contribution by Thomas Sowell [is] surprisingly the first comprehensive and analytical coverage on the subject."--Economic History Reviews
Table of Contents*Frontmatter, pg. i*CONTENTS, pg. v*Acknowledgments, pg. vii*1. The Early Development of Say's Law, pg. 1*2. Sismondi and Equilibrium Income, pg. 39*3. The British Dissenters, pg. 79*4. The General Glut Controversy, pg. 115*5. The Counterrevolution of John Stuart Mill, pg. 142*6. The Marxian Challenge, pg. 168*7. The Neoclassical Period, pg. 191*8. The Keynesian Revolution, pg. 201*9. General Implications, pg. 219*ANNOTATED BIBLIOGRAPHY, pg. 235*INDEX, pg. 241
