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

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
Acquiesced
Valuation
Assurance
Arbitrary
Vague
Generally
Others

More quotes by Jean-Baptiste Say

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A science only advances with certainty, when the plan of inquiry and the object of our researches have been clearly defined otherwise a small number of truths are loosely laid hold of, without their connexion being perceived, and numerous errors, without being enabled to detect their fallacy.
Jean-Baptiste Say
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A nation or an individual, will do wisely to direct consumption chiefly to those articles, that are longest time in wearing out, and the most frequently in use.
Jean-Baptiste Say
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The manner in which things exist and take place, constitutes what is called the nature of things and a careful observation of the nature of things is the sole foundation of all truth.
Jean-Baptiste Say
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The ancients, by their system of colonization, made themselves friends all over the known world the moderns have sought to make subjects, and therefore have made enemies.
Jean-Baptiste Say
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The day will come, sooner or later, when people will wonder at the necessity of taking all this trouble to expose the folly of a system, so childish and absurd, and yet so often enforced at the point of a bayonet.
Jean-Baptiste Say
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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.
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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The best scheme of finance is, to spend as little as possible and the best tax is always the lightest.
Jean-Baptiste Say
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Wherefore it is impossible to succeed in comparing wealth of different eras or different nations. This, in political economy, like squaring the circle in mathematics, is impracticable, for want of a common mean or measure to go by.
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
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The wealthy are generally impressed with an idea, that they shall never stand in need of public charitable relief but a little less confidence would become them better.
Jean-Baptiste Say
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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.
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 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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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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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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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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Dominion by land or sea will appear equally destitute of attraction, when it comes to be generally understood, that all its advantages rest with the rulers, and that the subjects at large derive no benefit whatever.
Jean-Baptiste Say
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Law has been unjustly charged with the whole blame of the calamities resulting from the scheme that bears his name.
Jean-Baptiste Say
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The luxury of ostentation affords a much less substantial and solid gratification, than the luxury of comfort, if I may be allowed the expression.
Jean-Baptiste Say