The Objective Standard

The Objective Standard

Economics

Say’s Law and Networking

by Craig Biddle

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Craig Biddle
Feb 20, 2018
∙ Paid

The French economist Jean-Baptiste Say famously identified the basic law of markets: “Products are paid for with products.” In order to purchase goods or services in a marketplace, you must first produce value with which to trade. Most tersely: Supply constitutes demand.1

This does not mean that if you create something, people will want to exchange their …

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