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.

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Etymology

Origin of Say's law

First recorded in 1930–35

Example Sentences

It was a modern confirmation of Say’s law—economies grow when the number of people, not only of jobs, does.

From The Wall Street Journal

Postscript: Before you email me, I am aware of Say’s Law.

From MSNBC

According to Say’s law of markets, introduced in 1803 by the French economist Jean-Baptiste Say, production is the source of demand.

From Salon

Academics should begin using terms that reflect the interdependent productiveness of labor and capital, and to whom incomes should flow based on their relative contributions to production of marketable goods and services, as advocated under Say’s law of markets.

From Washington Post

Today he may be more popular for his scholarship on race and ethnicity, but he explains in his memoir that “the books that made the key differences in my career”—“Say’s Law” and “Knowledge and Decisions”—“were both books on non-racial themes.”

From The Wall Street Journal