"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Jean-Baptiste Say and the 'Law of Markets'
Submitted by Westernerd on Thu, 2017-06-22 03:00
Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century. Inspired by the eighteenth-century writings of the French Physiocrats and Scottish Moral Philosophers (for example, David Hume and Adam Smith), they forcefully and insightfully demonstrated the errors and inefficiencies in Mercantilism (the eighteenth-century system of government planning and regulation).
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