Don’t be misled by Keynes! This is the actual Say’s law: Supply of X leads to demand for Y. And this is 100 per cent true.
Say’s law is one of the most badly taught things in economics. I say this because I noticed that a senior person the other day (won’t mention name) misunderstood it comprehensively and rejected it because he had been taught the meaningless trope: “supply creates its own demand”. The problem with that formulation is that the common […]
Source: http://www.sabhlokcity.com/2016/05/dont-be-misled-by-keynes-this-is-the-actual-says-law-supply-of-x-leads-to-demand-for-y-and-this-is-100-per-cent-true/
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