Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22481
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dc.contributor.authorHopp, Stefanen_US
dc.date.accessioned2009-01-29T15:00:17Z-
dc.date.available2009-01-29T15:00:17Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22481-
dc.description.abstractAlthough historians of economic thought emphasize J.-B. Say's contributions to utilitytheory, the structure of the subject matter of economics, entrepreneur theory and theconstruction of the "law of markets," they rarely appreciate what Say accomplished inthe first edition of the Traité d'Économie Politique. Only in chapters 21 and 22 of his1803 Treatise, however, does Say sketch business firms as institutions that create andoperate markets. In doing so, he essentially provides the basis for a non-walrasian conceptof the coordination problem of a decentralized economic system. Thus, concerningAdam Smith's metaphor of the "invisible hand," Say ought to be considered as the firsttheorist to introduce into economic literature what Robert W. Clower called the "visiblefingers" of the "invisible hand."en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aBERG working paper series on government and growth |x47en_US
dc.subject.jelD50en_US
dc.subject.jelB12en_US
dc.subject.ddc330en_US
dc.subject.keywordInvisible Handen_US
dc.subject.keywordGeneral Equilibrium Theoryen_US
dc.subject.keywordJean-Baptiste Sayen_US
dc.subject.keywordMarket Makeren_US
dc.subject.keywordSay's Lawen_US
dc.subject.keywordDes Débouchésen_US
dc.subject.stwMarktmechanismusen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwDogmengeschichteen_US
dc.subject.stwTheorieen_US
dc.subject.stwSay Jean Baptisteen_US
dc.titleJ.-B. Say's 1803 Treatise and the Coordination of Economic Activityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn391304585en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bamber:47-

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