Essay on Jean Baptiste Say
Agenda 1. Introduction 2.1. J.B.Say in the french Classical Liberalism school of thought 2.2. Mainstream of the Classical Liberalism school of economics 2.3. Specifics of J.B.Say 2.4. Differences regarding the opposition of Classical Liberalism 2. Description of J.B.Say 3. New approach brought by J.B.Say 4. Opinion 5. Summary
1. Introduction 1.1. J.B.Say in the french Classical Liberalism school of thought
Jean Baptiste Say was a French economist and businessman. He had classical liberal views and argued in favor of competition, free trade and lifting restraints on business. He is best …show more content…
Drawing on selected ideas of Adam Smith, classical liberals believed that all individuals are able to equally freely pursue their own economic self-interest, without government direction, serving the common good. They were critical of the welfare state as interfering in a free market. They criticized labor’s group rights being pursued at the expense of individual rights, while they accepted big corporations' rights as being pursued at the expense of inequality of bargaining power.