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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

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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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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.
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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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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
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A shop-keeper in good business is quite as well off as a pedlar that travels the country with his wares on his back. Commercial jealousy is, after all, nothing but prejudice: it is a wild fruit, that will drop of itself when it has arrived at maturity.
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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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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.
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A treasure does not always contribute to the political security of its possessors. It rather invites attack, and very seldom is faithfully applied to the purpose for which it was destined.
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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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Supply creates its own demand.
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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 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 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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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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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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Law has been unjustly charged with the whole blame of the calamities resulting from the scheme that bears his name.
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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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A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.
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