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Prices, and Production: Lecture III, Part III

Published Sun, Jun 28 2009 8:28 PM | laminustacitus

The initial changes in the relative prices between producers' goods, and consumers' goods, resulting from a change in their relative demands, cause a movement of goods to other stages of production – a definite price relationship will only...

Filed under: F.A. Hayek, Prices and Production, theory of capital, prices, Say's Law

Towards a Greater Understanding of Say’s Law

Published Wed, Mar 4 2009 5:36 AM | laminustacitus

The most renown theory of the French economist, Jean Baptiste Say (1767-1832), the eponymous Say’s Law has been one of the most important contributions of Classical economics even though it was but a minor facet of Say’s own economics. He...

Filed under: economics, Say's Law, markets, Jean Baptiste Say