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A Treatise on Political Economy (Paperback, New Ed)
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A Treatise on Political Economy (Paperback, New Ed)
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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.
Jean-Baptiste Say (1767-1832) taught at the Conservatoire des Arts
and Mtiers and Collge de France. He is the author of Trait
d'conomie politique, Lettres Malthus, and Cours complet d'conomie
politique pratique. Munir Quddus is professor of economics and
chair of the department of economics and finance at the University
of Southern Indiana. Salim Rashid is professor of economics at the
university of Illinois, Urbana-Champaign.
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