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Jean-Baptiste Say
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Economist
    (January 5, 1767-November 15, 1832)
    Born in Lyon, France
    Businessman and economist
    Wrote 'A Treatise on Political Economy' (1803)
    Best known for Say's Law (Generally summarized as 'Supply creates its own demand')
    He owned a cotton-spinning factory where most of the workers were women and children.
    Despite the name, he did not originate Say's Law.
    John Kenneth Galbraith called Say's Law 'the most distinguished example of the stability of economic ideas, including when they are wrong.'
    He was named to the French Tribunate during the Revolution, but was forced to leave the post after he refused to rewrite sections of 'A Treatise on Political Economy' that Napoleon disagreed with.
    He popularized the laissez-faire theories of Adam Smith in Europe.
    He wrote, 'Excessive taxation is a kind of suicide.'

Credit: C. Fishel


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