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词条„Say's law“在英语 » 德语中的译文 (跳至 德语 » 英语)

Say's law 名词 MKT-WB

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英语
The last chapter of the book was devoted to rebutting Say's law, and argued that the economy could stagnate with a lack of effectual demand.
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Nevertheless, for some neoclassical economists, Say's law implies that economy is always at its full employment level.
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Without Say's law keeping them in balance, financial markets were thus inherently unstable.
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Equilibrium analysis and its derivatives of optimization and efficiency in exchange live or die with Say's law.
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Consequently, any negative effects on demand that results from the holding of money are canceled out, and Say's law still applies.
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The second book which was a rebuttal of Say's law had little influence on contemporary economists.
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Ultimately, from Say's law they deduced vastly different conclusions regarding the functioning of capitalist production.
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Modern advocates of Say's law see market forces as working quickly, via price adjustments, to abolish both gluts and shortages.
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Say's law was generally accepted throughout the 19th century, though modified to incorporate the idea of a boom-and-bust cycle.
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Say himself never used many of the later, short definitions of Say's law, and thus the law actually developed through the work of many of his contemporaries and successors.
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