Say's Law

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The evolution of Say's Law, which posits that "supply creates its own demand," is explored through significant historical debates, particularly the general glut controversy of the 1820s and the Keynesian Revolution of the 1930s. Thomas Sowell examines how these controversies influenced economic theory, methodology, and sociopolitical thought, involving key economists of their time. This comprehensive analysis serves as an essential resource for understanding the history of economic thought and its implications for social sciences related to economic prosperity and ideological dynamics.