An interview with me on Say’s Law by the French journalist Grégoire Canlorbe has just been published in Man and the Economy, the journal of The Coase Society. It is the most comprehensive summary statement I have put together of Say’s Law – it runs to 31 pages – and I could not be more grateful to Grégoire who spent more than a year in discussing the relevant issues with me before we actually got down to the interview. You can download a copy of the article here .
Say’s Law remains the single most important principle in all of economics. Policy decisions that go against the grain of Say’s Law are guaranteed to fail, for which the evidence remains overwhelming. The obvious failure of every one of the stimulus packages that were attempted after the GFC, along with the failures that have been associated with attempts to stimulate investment…
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