- Downloads:
- Letters to Mr Malthus.pdf
J.B. Say battled the prophet of doom in this rare series of letters that explain how economic growth occurs without destabilizing economic forces. He writes with passion and personality, anticipating so many Austrian insights. An extra treat in this book is Say’s attempt to write a Catechism of Political Economy, which is a kind of tutorial organized in a Q&A format to deal with the main claims of economics.
This book was an important tool in forging the classical tradition as it was understood on the continent, and you will find great affinity with the Austrian tradition. J.B. Say was a great champion of economic truth, and this is even more obvious in looking at his attempts at public persuasion.
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Jean-Baptiste Say deserves to be remembered as a precursor to the Austrian School. According to Murray Rothbard, J. B. Say is responsible for reintroducing the entrepreneur into economic thought.
Wealth stems not from spending, but from production. Declines in production are be remedied by frugality, intelligence, activity, and freedom.
"No benefit results from the mere expenditure of the money [on public works], nor the employment of the workmen employed on its construction; for, if this money had remained in the hands of the contributors, it would either directly or indirectly have put in activity an equal quantity of industry."
Augustus M. Kelley, Publishers, New York, 1967
