Jean-Baptiste Say Quotes
It is a melancholy but an undoubted fact, that, even in the most thriving countries, part of the population annually dies of mere want.
Jean-Baptiste Say, 1767-1832, French economist and journalist, A Treatise On Political Economy: or the Production, Distribution, and Consumption of Wealth
Sourced by: Eigen's Political and Historical Quotations
As the son of a former president he fought in both WWI and WWII and was awarded the Congressional Medal of Honor. See {593105} for another quotation on the poverty of Puerto Rico.
The mal-distribution of resource problem is common in most societies.
Jean-Baptiste Say was a liberal French economist and businessman who argued in favor of competition, free trade and lifting restraints on business. He is best known for Say's law—also known as the law of markets—which he popularized. Scholars disagree on the surprisingly subtle question of whether it was Say who first stated what is now called Say's law. Moreover, he was one of the first economists to study entrepreneurship and conceptualized entrepreneurs as organizers and leaders of the economy.