Journal of the History of Economic Thought Preprints - Beyond Say’s Law: The Significance of J.-B. Say’s Monetary Views

Guy Numa and Alain Beraud

No wstb4, OSF Preprints from Center for Open Science

Abstract: Say’s notion of débouchés has not been correctly understood, for lack of proper context within the framework of his broader political economy. We revisit Say’s writings on this topic, retrace the concept’s evolution, and lay out a framework that better illustrates the essence of Say’s thinking. We argue that Say’s theories on money and economic crises are much richer and more sophisticated than the traditional interpretation of Say’s law would suggest. Say himself acknowledged that his monetary theory contradicted his initial articulations of the law, a point often missed by contemporary observers. This essay paints a more complete picture of Say’s work, showing how monetary changes could, under his framework, affect real variables. In so doing, it cuts against the many simplistic interpretations that pervade the existing literature on the subject.

Date: 2017-10-21
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/59eba66f9ad5a10263591508/

Related works:
Working Paper: Journal of the History of Economic Thought Preprints - Beyond Say’s Law: The Significance of J.-B. Say’s Monetary Views (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:wstb4

DOI: 10.31219/osf.io/wstb4

Access Statistics for this paper

More papers in OSF Preprints from Center for Open Science
Bibliographic data for series maintained by OSF ().