Say's theorem

The theorem formulated by Jean Baptiste Say in his theory of sales channels, adopted by David Ricardo and used today in a very similar way by John Kenneth Galbraith for the affluent society, according to which overproduction is not possible in an economy because every level of production corresponds to its corresponding need. and create the level of demand so that the function of money is essentially to cover up the fact that products can always be bought with products.

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Synonym für / Anderes Wort für

  • saysches theorem

Further explanations for the first letter S.