Jean Baptiste Say

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Jean Baptiste Say

Economic Doctrines

Agenda 1. Introduction 2.1. J.B.Say in the french Classical Liberalism school of thought 2.2. Mainstream of the Classical Liberalism school of economics 2.3. Specifics of J.B.Say 2.4. Differences regarding the opposition of Classical Liberalism 2. Description of J.B.Say 3. New approach brought by J.B.Say 4. Opinion 5. Summary

1. Introduction 1.1. J.B.Say in the french Classical Liberalism school of thought
Jean Baptiste Say was a French economist and businessman. He had classical liberal views and argued in favor of competition, free trade and lifting restraints on business. He is best known due to Say's Law , which is named after him and at times credited to him, but while he discussed and popularized it, he did not originate it. 1.2. Mainstream of the Classical Liberalism school of economics
Classical liberalism is a political philosophy and ideology belonging to liberalism in which primary emphasis is placed on securing the freedom of the individual by limiting the power of the government. The philosophy emerged as a response to the Industrial Revolution and urbanization in the 19th century in Europe and the United States. It advocates civil liberties with a limited government under the rule of law, private property and belief in the laissez-faire economic policy. Classical liberalism is built on ideas that had already arisen by the end of the 18th century, such as selected ideas of Adam Smith, John Locke, Jean Baptiste Say, Thomas Malthus and David Ricardo. It drew on a psychological understanding of individual liberty, the contradictory theories of natural law and utilitarism, and a belief in progress.
Core beliefs of classical liberals included new ideas - which departed from both the older…...

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