Mises Wire
Author:
Alasdair Macleod
Online Publish Date:
Keynes did not refute Say’s Law. He rejected it emotionally, but he did not advance a single tenable argument to invalidate its rationale. - Ludwig von Mises, Planning for Freedom Of the many obstacles to Keynes’s new economics , the most significant was what is commonly termed Say’s law. He overcame it by playing a blinder, recasting it into a