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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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Jean-Baptiste Say
Age: 65 †
Born: 1767
Born: January 5
Died: 1832
Died: November 14
Economist
Industrialist
Journalist
Translator
Lyons
Jean Baptiste Say
Opposites
Momentum
Price
Supply
Demand
Depend
Depends
Scales
Cheapness
Point
Extremes
Whence
Opposite
Beam
Cease
Equilibrium
Begins
Ceases
More quotes by Jean-Baptiste Say
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.
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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 United States will have the honour of proving experimentally, that true policy goes hand in hand with moderation and humanity.
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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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The best scheme of finance is, to spend as little as possible and the best tax is always the lightest.
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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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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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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 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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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.
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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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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.
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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.
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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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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.
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Political economy has only become a science since it has been confined to the results of inductive investigation.
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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.
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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.
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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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The sea and wind can at the same time convey my neighbour's vessel and my own.
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