Consequences
A number of laissez-faire consequences are drawn from interpretations of Say's law.
However, Say himself advocated public works to remedy unemployment, and criticized Ricardo for neglecting the possibility of hoarding if there was a lack of investment opportunities.
Read more about this topic: Say's Law
Famous quotes containing the word consequences:
“If you are prepared to accept the consequences of your dreams ... then you must still regard America today with the same naive enthusiasm as the generations that discovered the New World.”
—Jean Baudrillard (b. 1929)
“Without being forgiven, released from the consequences of what we have done, our capacity to act would ... be confined to one single deed from which we could never recover; we would remain the victims of its consequences forever, not unlike the sorcerer’s apprentice who lacked the magic formula to break the spell.”
—Hannah Arendt (1906–1975)
“Resistance is feasible even for those who are not heroes by nature, and it is an obligation, I believe, for those who fear the consequences and detest the reality of the attempt to impose American hegemony.”
—Noam Chomsky (b. 1928)