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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Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others.

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About Jean-Baptiste Say

Jean-Baptiste Say (5 January 1767 – 15 November 1832) was a French economist and businessman. He was said to have held classically liberal views. He is most remembered today for Say's Law.

Also Known As

Alternative Names: Jean Baptiste Say
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Additional quotes by Jean-Baptiste Say

A man who applies his labour to the investing of objects with value by the creation of utility of some sort, can not expect such a value to be appreciated and paid for, unless where other men have the means of purchasing it. Now, of what do these means consist? Of other values of other products, likewise the fruits of industry, capital, and land. Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.

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