Say's Law Archives - Econlife

traffic congestion

The Connection Between Traffic Jams and Jobs

As the downside of low unemployment, traffic congestion can have an invisible cost that relates to time, gas, and aggravation.

Experience of a babysitting co-op with scrip provides a monetary policy lesson and a debate

The Monetary Policy Mistakes of a Babysitting Co-op

There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers are also consumers. The money you receive for producing a good or a service…