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Political economy has only become a science since it has been confined to the results of inductive investigation.

Jean-Baptiste Say

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Jean-Baptiste Say
Age: 65 †
Born: 1767
Born: January 5
Died: 1832
Died: November 14
Economist
Industrialist
Journalist
Translator
Lyons
Jean Baptiste Say
Since
Science
Political
Become
Inductive
Confined
Investigation
Results
Economy

More quotes by Jean-Baptiste Say

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If the community wish to have the benefit of more knowledge and intelligence in the labouring classes, it must dispense it at the public charge.
Jean-Baptiste Say
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regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication.
Jean-Baptiste Say
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The wants of mankind are supplied and satisfied out of the gross values produced and created, and not out of the net values only.
Jean-Baptiste Say
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The government has, in all countries, a vast influence, in determining the character of the national consumption not only because it absolutely directs the consumption of the state itself, but because a great proportion of the consumption of individuals is gained by its will and example.
Jean-Baptiste Say
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No human being has the faculty of originally creating matter, which is more than nature itself can do. But any one may avail himself of the agents offered him by nature, to invest matter with utility.
Jean-Baptiste Say
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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.
Jean-Baptiste Say
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The occupation of the stock-jobber yields no new or useful product consequently having no product of his own to give in exchange, he has no revenue to subsist upon, but what he contrives to make out of the unskilfulness or ill-fortune of gamesters like himself.
Jean-Baptiste Say
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With respect to the present time, there are few persons who unite the qualifications of good observers with a situation favourable for accurate observation.
Jean-Baptiste Say
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All travellers agree that protestant are both richer and more populous than catholic countriesand the reason is, because the habits of the former are more conducive to production.
Jean-Baptiste Say
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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.
Jean-Baptiste Say
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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.
Jean-Baptiste Say
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The sea and wind can at the same time convey my neighbour's vessel and my own.
Jean-Baptiste Say
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The United States will have the honour of proving experimentally, that true policy goes hand in hand with moderation and humanity.
Jean-Baptiste Say
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The property a man has in his own industry, is violated, whenever he is forbidden the free exercise of his faculties or talents, except insomuch as they would interfere with the rights of third parties.
Jean-Baptiste Say
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Taxation being a burthen, must needs weigh lightest on each individual, when it bears upon all alike.
Jean-Baptiste Say
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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.
Jean-Baptiste Say
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An uniformity of weights and measures, arranged upon mathematical principles, would be a benefit to the whole commercial world, if it were wise enough to adopt such an expedient.
Jean-Baptiste Say
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The command of a large sum is a dangerous temptation to a national administration. Though accumulated at their expense, the people rarely, if ever profit by it: yet in point of fact, all value, and consequently, all wealth, originates with the people.
Jean-Baptiste Say
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Supply creates its own demand.
Jean-Baptiste Say
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What would people think of a tradesman, that was to give a ball in his shop, hire performers, and hand refreshments about, with a view to benefit his business?
Jean-Baptiste Say