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:
“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)
“There is not much that even the most socially responsible scientists can do as individuals, or even as a group, about the social consequences of their activities.”
—Eric J. Hobsbawm (b. 1917)
“The middle years are ones in which children increasingly face conflicts on their own,... One of the truths to be faced by parents during this period is that they cannot do the work of living and relating for their children. They can be sounding boards and they can probe with the children the consequences of alternative actions.”
—Dorothy H. Cohen (20th century)