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Jean-Baptiste Say -
Capital
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In times of political confusion, and under an arbitrary government, many will prefer to keep their capital inactive, concealed, and unproductive, either of profit or gratification, rather than run the risk of its display. This latter evil is never felt under a good government.
Jean-Baptiste Say
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Capital can seldom be made productive, without undergoing several changes both of form and of place, the risk of which is always more or less alarming to persons unaccustomed to the operations of industry; whereas, on the contrary, landed property produces without any change of either quality or position.
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Capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.
Jean-Baptiste Say
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Capital must work, as it were, in concert with industry; and this concurrence is what I call the productive agency of capital.
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A man who applies his labour to the investing of objects with value by the creation of utility of some sort, can not expect such a value to be appreciated and paid for, unless where other men have the means of purchasing it. Now, of what do these means consist? Of other values of other products, likewise the fruits of industry, capital, and land. Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.
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Capital in the hands of a national government forms a part of the gross national capital.
Jean-Baptiste Say
Quote of the day
In England, the profession of the law is that which seems to hold out the strongest attraction to talent, from the circumstance, that in it ability, coupled with exertion, even though unaided by patronage, cannot fail of obtaining reward.
Charles Babbage
Jean-Baptiste Say
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Born:
January 5, 1767
Died:
November 15, 1832
(aged 65)
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