Georges Bataille On Free-Market Utopianism

Say’s law, the prudent economy, and the accursed share

Image by David McBee, from Pexels

One fallacy of neoclassical and free-market economics is traceable to a non sequitur written by the eighteenth-century liberal economist Jean-Baptiste Say, author of what came to be called Say’s law, or the law of markets.

The Fallacy Behind Say’s Law