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dc.contributor.authorHopp, Stefanen
dc.date.accessioned2009-01-29T15:00:17Z-
dc.date.available2009-01-29T15:00:17Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/22481-
dc.description.abstractAlthough historians of economic thought emphasize J.-B. Say's contributions to utility theory, the structure of the subject matter of economics, entrepreneur theory and the construction of the "law of markets," they rarely appreciate what Say accomplished in the first edition of the Traité d'Économie Politique. Only in chapters 21 and 22 of his 1803 Treatise, however, does Say sketch business firms as institutions that create and operate markets. In doing so, he essentially provides the basis for a non-walrasian concept of the coordination problem of a decentralized economic system. Thus, concerning Adam Smith's metaphor of the "invisible hand," Say ought to be considered as the first theorist to introduce into economic literature what Robert W. Clower called the "visible fingers" of the "invisible hand."en
dc.language.isoengen
dc.publisher|aBamberg University, Bamberg Economic Research Group on Government and Growth (BERG) |cBambergen
dc.relation.ispartofseries|aBERG Working Paper Series on Government and Growth |x47en
dc.subject.jelD50en
dc.subject.jelB12en
dc.subject.ddc330en
dc.subject.keywordInvisible Handen
dc.subject.keywordGeneral Equilibrium Theoryen
dc.subject.keywordJean-Baptiste Sayen
dc.subject.keywordMarket Makeren
dc.subject.keywordSay's Lawen
dc.subject.keywordDes Débouchésen
dc.subject.stwMarktmechanismusen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwDogmengeschichteen
dc.subject.stwTheorieen
dc.subject.stwSay Jean Baptisteen
dc.titleJ.-B. Say's 1803 Treatise and the Coordination of Economic Activity-
dc.typeWorking Paperen
dc.identifier.ppn391304585en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bamber:47en

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