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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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Jean-Baptiste Say
Age: 65 †
Born: 1767
Born: January 5
Died: 1832
Died: November 14
Economist
Industrialist
Journalist
Translator
Lyons
Jean Baptiste Say
Alone
Operations
Derived
Politics
Capital
Smith
Values
Agents
Combined
Rather
Analysis
Operation
Nature
Errors
Exact
Power
Labor
Producing
Ascribes
Men
Industry
Liberalism
Demonstrates
Economy
Error
Furnish

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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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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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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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Law has been unjustly charged with the whole blame of the calamities resulting from the scheme that bears his name.
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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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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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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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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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Taxation being a burthen, must needs weigh lightest on each individual, when it bears upon all alike.
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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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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 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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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 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.
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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.
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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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Supply creates its own demand.
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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