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Say's law

American  
[seyz] / seɪz /

noun

  1. the principle, propounded by Jean Baptiste Say, that the supply of goods is always matched by the demand for them.


Etymology

Origin of Say's law

First recorded in 1930–35

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The first of the implicit assumptions of orthodox theory that Keynes identified was Say's law, the doctrine that "supply creates its own demand".

From The Guardian • Jul. 21, 2010

Yet Say's law is alive and well among new classical macroeconomists such as John Cochrane and Eugene Fama.

From The Guardian • Jul. 21, 2010

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