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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
Assurance
Arbitrary
Vague
Generally
Others
Acquiesced
Valuation

More quotes by 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.
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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.
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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.
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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.
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The love of domination never attains more than a factitious elevation, that is sure to make enemies of all its neighbours.
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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.
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Supply creates its own demand.
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A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.
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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.
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Taxation being a burthen, must needs weigh lightest on each individual, when it bears upon all alike.
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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?
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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.
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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.
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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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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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The best scheme of finance is, to spend as little as possible and the best tax is always the lightest.
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When war becomes a trade, it benefits, like all other trades, from the division of labour.
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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.
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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.
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In times of political confusion, and under an arbitrary government, many will prefer to keep their capital inactive, concealed, and unproductive, either of profit or gratification, rather than run the risk of its display. This latter evil is never felt under a good government.
Jean-Baptiste Say