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SAY'S LAW VERSUS KEYNESIAN ECONOMICS

Richard M. Salsman

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American Institute for Economic Research, February 9, 2020, 11 pgs.,

 
 

Reviewer comment
This is an excellent discussion of the important and valid concept published by the French economist, Jean-Baptiste Say (known as Say's Law) and the mistaken effort to deny its validity by John Maynard Keynes in the 1930's. Unfortunately the political support for near everything Keynes wrote caused the economic establishment to accept that Say's Law is not valid and should be ignored. The result is one of the major causes of mistaken economic - monetary - fiscal government policy until after the 1980's.

 
 

Introduction

 

 
 

 
 

 
 

 

 

 

 

 

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