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A Treatise on Political Economy (Hardcover)
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A Treatise on Political Economy (Hardcover)
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Jean-Baptiste Say (1767-1832) has been described as a
revolutionary, an author of scholarly books and popular tracts, a
social philosopher, a successful entrepreneur-a remarkable
Renaissance man. He is best known as author of the law of markets,
known as Say's law, and as the first to coin the term
"entrepreneur." Say's concern with the average interested citizen
and his zeal for economic education for the masses is most apparent
in his classic work, A Treatise on Political Economy. Readers will
see that Say is without doubt a luminary of classical economics. He
single-handedly revived the study of political economy from its
decline and kept it alive during a difficult period of opposition
to liberal ideas. Say had a missionary belief that society will be
best served if the principles of political economy are widely
disseminated and understood by the citizenry. His organization of
the Treatise's subject matter-production, distribution, and
consumption of wealth-continues to guide authors of economic
textbooks to this day. His treatment of the role of the
entrepreneur as a contributor to production different from that of
either the manager or the capitalist was the most advanced of his
times. In their new introduction, Quddus and Rashid note that
present-day readers of this volume will benefit from the remarkable
freshness of Say's ideas. The longevity of this volume proves that
good ideas can successfully withstand the test of time. The role
played by the Treatise in spreading liberal economic ideas and
especially laissez-faire and free trade in France, the rest of
Europe, and in the newly independent United States must also be
appreciated. One suspects Say would have liked nothing better than
to have his Treatise attract entrepreneurs, managers, and other
non-specialist readers to economics. Given the emphasis on
capitalism, free markets and unrestricted global trade
republication of this great classic could not be more timely.
Political economists, social philosophers, and those in business
fields will find it indispensable reading.
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