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“Supply creates its own demand” – Who said this ?
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- J. B. Say
- J. S. Mill
- J. M. Keynes
- Senior
- J. B. Say
Correct Option: A
“Supply creates its own demand” is the formulation of Say’s law by John Maynard Keynes. The rejection of this doctrine is a central component of The General Theory of Employment, Interest and Money (1936) and a central tenet of Keynesian economics. Say’s Law (or Say’s Law of Markets), is often summa
rized as: “Aggregate supply creates its own aggregate demand”, “Supply creates its own demand”, “If you build it, they will come”, and Inherent in supply is the wherewithal for its own consumption”.