“Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.”

— Jean-Baptiste Say

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XV, p. 133 (See also: Say's Law)
Context: A man who applies his labour to the investing of objects with value by the creation of utility of some sort, can not expect such a value to be appreciated and paid for, unless where other men have the means of purchasing it. Now, of what do these means consist? Of other values of other products, likewise the fruits of industry, capital, and land. Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand…" by Jean-Baptiste Say?

Jean-Baptiste Say 72

French economist and businessman 1767–1832

Stanley Fish (1938) American academic

Source: How To Write A Sentence And How To Read One (2011), Chapter 3, It's Not The Thought That Counts, p. 26

“[C]apitalist savings 'lead' profits. This result may appear paradoxical. 'Common sense' would suggest the opposite sequence—namely, that savings are determined by profits. This, how ever is not the case.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 4, Profits and Investments, p. 55

“Why… are there any market transactions at all? Why not all production carried on by one big firm?… First, as a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organizing additional transactions within the firm may rise… Second, it may be that as the transactions which are organized increase, the entrepreneur fails to place the factors of production in the uses where their value is greatest, that is, fails to make the best use of the factors of production… Finally, the supply price of one or more of the factors of production may rise, because the "other advantages" of a small firm are greater than those of a large firm.”

Ronald H. Coase (1910–2013) British economist and author

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 394-5

“Product and service quality can be defined as the total composite product and service characteristics of marketing, engineering, manufacturing, and maintenance through which the product and service in use will meet the expectations of the customer.”

Armand V. Feigenbaum (1922–2014) American businessman

Variant: Product quality can then be defined as: The composite product characteristics of engineering and manufacturing that determine the degree to which the product, in use, will meet the expectations of the customer.
Source: Total Quality Control, 1983, p. 7

“Happinessis not a goal, it is a by-product. Paradoxically, the one sure way not to be happy is deliberately to map out a way of life in which one would please oneself completely and exclusively.”

Eleanor Roosevelt (1884–1962) American politician, diplomat, and activist, and First Lady of the United States

Source: You Learn by Living (1960), p. 95

“The philosophers likewise assume that in Nature there is nothing in vain, so that everything that is not the product of human industry serves a certain purpose, which may be known or unknown to us.”

Maimónides book The Guide for the Perplexed

Source: Guide for the Perplexed (c. 1190), Part III, Ch.25

“It has been maintained, that Agriculture is, not only, the most productive, but the only productive species of industry. The reality of this suggestion in either aspect, has, however, not been verified by any accurate detail of facts and calculations; and the general arguments, which are adduced to prove it, are rather subtil and paradoxical, than solid or convincing.”

Alexander Hamilton Report on Manufactures

Report on Manufactures (1791)

“If the roused and insurgent consumers secure the means of production of the salt industry, in all probability they will confiscate this industry for their own profit, and their first thought will be, not to relegate it to free competition, but rather to exploit it, in common, for their own account. They will then name a director or a directive committee to operate the saltworks, to whom they will allocate the funds necessary to defray the costs of salt production. Then, since the experience of the past will have made them suspicious and distrustful, since they will be afraid that the director named by them will seize production for his own benefit, and simply reconstitute by open or hidden means the old monopoly for his own profit, they will elect delegates, representatives entrusted with appropriating the funds necessary for production, with watching over their use, and with making sure that the salt produced is equally distributed to those entitled to it. The production of salt will be organized in this manner.This form of the organization of production has been named communism.When this organization is applied to a single commodity, the communism is said to be partial.When it is applied to all commodities, the communism is said to be complete.But whether communism is partial or complete, political economy is no more tolerant of it than it is of monopoly, of which it is merely an extension.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 31

“If I am correct, the use of a product based on modelessness and monoty would soon become so habitual as to be nearly addictive, leading to a user population devoted to and loyal to the product.”

Jef Raskin book The Humane Interface

The Humane Interface (2001)

“The liberty which you demand from us in the name of your principles, we deny you in the name of ours.”

Louis Veuillot (1813–1883) French journalist

Misattributed
Original: (fr) Quand je suis le plus faible, je vous demande la liberté parce que tel est votre principe ; mais quand je suis le plus fort, je vous l’ôte, parce que tel est le mien

(fr) Also appears in the form "Quand les libéraux sont au pouvoir, nous leur demandons la liberté, parce que c’est leur principe, et, quand nous sommes au pouvoir, nous la leur refusons, parce que c’est le nôtre"

Misattributed to Veuillot in Dune (1965) by Frank Herbert: "When I am weaker than you, I ask you for freedom because that is according to your principles; when I am stronger than you, I take away your freedom because that is according to my principles."

According to Pierre Pierrard, this was attributed to Veuillot by Montalambert, and Veuillot protested he did not say it.

“Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.”

Help us to complete the source, original and additional information

Jean-Baptiste Say 72

Related quotes

Related topics