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Is Say's Law an Austrian School tenet?

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mnrchst posted on Wed, Sep 12 2012 3:53 PM

I'm a big wikipedia editor, and we've been doing a lot of work of the Austrian School definition lately.

Is Say's Law generally considered a tenet of Austrian economics? If so, what are your sources.

I've read conflicting information on this question in the past.

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Esuric replied on Wed, Sep 12 2012 5:11 PM

Say's law is a basic tenet of economics in general, regarded as 'basically correct' by practically every school of thought. Very few, if any, would doubt that it is true in the long-run.

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Except Keynes.

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Did Keynes dislike it in the long run?

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I'm not so sure that Keynes cared too much about the long run...

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Say lived before Austrian Economics, as a distinct school of thought, existed.

But all the Austrians accepted it.

Mises: http://mises.org/daily/1803

Rothbard: http://mises.org/daily/5985/Says-Law-of-Markets

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mnrchst replied on Wed, Sep 12 2012 11:22 PM

Does anyone have a reliable source that says Say's Law is a tenet of Austrian economics? Because that's what I'm lookin for!

 

Thanks.

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Pretty sure SmilingDave gave you two of them...two of the three most well known Austrian economists.

 

Or you could just read a significant amount of the literature on the subject and form your own fu..reaking opinion.

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Wheylous replied on Wed, Sep 12 2012 11:27 PM

You could at least try.

Typing "Rothbard on say's law" into Google gives this:

http://mises.org/journals/qjae/pdf/qjae12_2_4.pdf

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mnrchst replied on Wed, Sep 12 2012 11:29 PM

Just because it's something Mises, Hayek, and Rothbard agree on does not make it an Austrian School tenet.

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Just because it's something Mises, Hayek, and Rothbard agree on does not make it an Austrian School tenet.

Please drink some bleach, kid.  Please, assure me that the world isn't filled with people so god damn dumb so as to say something like that.

We are talking about "intellectual history" there isn't anything other than authorities than can be appealed to.  There is no Rosetta Stone of Austrian "tenets" (as you keep referring to it/them...)

It's like asking, "What is "the good" according to Aristotle? But please direct me somewhere other than Aristotle.  Just because he defines it and recognizes it and builds his philosophy around it doesn't mean that it "is" what I want it to be."

You should be able to make a connection between the emphasized words there and what you are asking...if not, then fill the bath and grab the toaster.

Fuck.

Fuck.

Fuck.

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mnrchst replied on Wed, Sep 12 2012 11:36 PM

Wow.

I'm trying to get a reliable source for wikipedia for definitions of the Austrian School's tenets. So, I'm sorry, but "Hey, man, the three most famous guys who are generally considered Austrian economists agree on this, so that's enough, because I just wrote it on a forum, so there" isn't good enough for what I'm trying to do (which I explained on the outset). I need a *reliable source* (by Wikipedia's standards) that it's an Austrian School tenet.

So who's the idiot now? Jesus.

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Are you kidding me?  What do you want? A reference from a book about the Austrian School saying that it's a tenet? How is that more accurate than Austrian economists themselves saying that Say's Law is accurate?

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There is nothing in your OP.

You can't cite three PhD's?  That's not enough?  What hypothetical example would satisfy this?

So who's the idiot now? Jesus.

Ballsy move calling Jesus an idiot....

Are you kidding me?  What do you want? A reference from a book about the Austrian School saying that it's a tenet? How is that more accurate than Austrian economists themselves saying that Say's Law is accurate?

This.  A thousand times.  This.  Res ipsa loquitur...............................................................................................

 

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mnrchst replied on Wed, Sep 12 2012 11:45 PM

 

"I'm a big wikipedia editor, and we've been doing a lot of work of the Austrian School definition lately."

..."what are your sources."

I could've been more explicit, but either way, unless *you* explain what your standard is for how we discern what the tenets of the Austrian School are, just asserting "Mises, Hayek, and Rothbard" doesn't cut it.

Is that a bad standard? I don't know. Maybe it's the best one. But someone else could just as easily assert no. Maybe it's 2/3. Maybe you also need Kirzner. Maybe you need the top 15.

"You can't cite three PhD's?  That's not enough?" Correct. That's not how the site works.

THIS is the type of thing I'm talking about http://www.econlib.org/library/Enc/AustrianSchoolofEconomics.html

I don't see Say's Law there (maybe it's implied, I'm not sure)

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