SAY, JEAN BAPTISTE (17671832)

This article appears in Volume V24, Page 275 of the Encyclopedia Britannica.

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SAY, JEAN BAPTISTE (17671832) , French economist, was born at Lyons on the 5th of January 1767. His father, Jean Etienne Say, was of a Protestant family which had originally belonged to Nimes, but had removed to Geneva for some time in consequence of the revocation of the edict of Nantes. Young Say was intended to follow a commercial career, and was sent, with his brother

Horace

HORACE [QuINTus HORATIUS FLACCUS] (65-8 B.C.)

, to England, and lived first at Croydon, in the

house

of a merchant, to whom he acted as clerk, and afterwards in `London, where he was in the service of another employer. When, on the death of the latter, he returned to France, he was employed in the office of a life assurance company directed by E. Claviere, afterwards known in politics. Claviere called his attention to the Wealth of Nations, and the study of that work revealed to him his vocation. His first literary attempt was a pamphlet on the liberty of the press, published in 1789. He worked under Mirabeau on the Courrier de Provence. In 1792 he took part as a volunteer in the campaign of Champagne; in 1793 he assumed, in conformity with the Revolutionary fashion, the pre-name of Atticus, and became secretary to Claviere, then finance minister. He married in 1793 Mlle Deloche, daughter of a former avocat au conseil; the young pair were greatly straitened in means in consequence of the depreciation of the assignats. From 1794 to'800 Say edited a periodicalentitled La Decade philosophique, litteraire, et politique, in which he expounded the doctrines of Adam Smith. He had by this time established his reputation as a publicist, and, when the consular government was established in the year VIII (1799), he was selected as one of the hundred members of the tribunate, and resigned, in consequence, the direction of the Decade. He published in 'Soo Olbie, ou essai sur les moyens de reformer les meeurs d'une nation.
In 1803 appeared his principal work, the Traite d'economie politique. In 1804, having shown his unwillingness to sacrifice his convictions for the purpose of furthering the designs of

Napoleon

NAPOLEON

, he was removed from the office of tribune, being at the same time nominated to a lucrative post, which, however, he thought it his duty to resign. He then turned to industrial pursuits, and, having made himself acquainted with the processes of the

cotton

manufacture, founded at Auchy, in the Pas de Calais, a spinning-mill which employed four or five hundred persons, principally women and children. He devoted his leisure to the improvement of his economic treatise, which had for some time been out of print, but which the censorship did not permit him to republish; and in 1814 he availed himself (to use his own words) of the sort of liberty arising from the entrance of the allied powers into France to bring out a second edition of the work, dedicated to the emperor Alexander, who had professed himself his pupil. In the same year the French government sent him to study the economic condition of Great Britain. The results of his observations during his journey through England and Scotland appeared in a tract De l'Angleterre et des Anglais; and his conversations with distinguished men in those countries contributed to greater correctness in the exposition of principles in the third edition of the Traite, which appeared in 1817. A chair of industrial

economy

ECONOMY

was founded for him in 1819 at the Conservatoire des Arts et Metiers. In 1831 he was made professor of political

economy

ECONOMY

at the College de France. He published in 1828183o his Cours complet d'economie politique pratique, which is in the main an expansion of the Traite, with practical applications. In his later years he became subject to attacks of nervous apoplexy. He lost his wife in January 1830; and from that time his health constantly declined. When the revolution of that year broke out, he was named a member of the council-general of the department of the Seine, but found it necessary to resign. He died at Paris on the 15th of November 1832.
Say was essentially a propagandist, not an originator. His great service to mankind lay in the fact that he disseminated throughout Europe by means of the French language, and popularized by his clear and easy style, the economic doctrines of Adam Smith. It is true that his French panegyrists (and he is not himself free from censure on this score) are unjust in their estimate of Smith as an expositor and extol too highly the merits of Say. On the side of the philosophy of science his observations are usually commonplace or superficial. Thus he accepts the shallow dictum of Condillac that toute science se reduit a une longue bien faite. He recognizes political economy and statistics as alike sciences, and represents the distinction between them as having never been made before him, though he quotes what Smith had said of political arithmetic. While deserving the praise of honesty, sincerity and independence, he is inferior to his predecessor in breadth of view on moral and political questions. In his general conception of human affairs there is a tendency to regard too exclusively the material side of things, which made him pre-eminently the economist of the French liberal bourgeoisie. He is inspired with the dislike and jealousy of governments so often felt and expressed by thinkers formed in the social atmosphere of the 18th century. Soldiers are for him not merely unproductive labourers, as Smith called them; they are rather " destructive labourers." Taxes are uncompensated payments; they may be described as of the nature of robbery.
Say is considered to have brought out the importance of

capital

CAPITAL (i.e. capital stock or fund)
CAPITAL (Lat. caput, head)

as a factor in production more distinctly than the English economists, who unduly emphasized labour. The

special

SPECIAL

doctrines most commonly mentioned as due to him are(1) that of " immaterial products," and (2) what is called his " theorie des debouches." Objecting, as Germain Garner had, to Smith's distinction between productive and unproductive labour, he maintains that, production consisting in the creation or addition of a utility, all useful labour is productive. He is thus led to recognize immaterial products, whose characteristic quality is that they are consumed immediately and are incapable of

accumulation

ACCUMULATION (from Lat. accumulare, to heap up)

; under this head are to be ranged the services rendered either by a person, a

capital

CAPITAL (i.e. capital stock or fund)
CAPITAL (Lat. caput, head)

or a portion of
The eopranino to F The soprano in C . The alto in F . The tenor in C . . The baryton in F .
The bass in C . . -~
land, as, e.g., the advantages derived from medical attendance, or from a hired

house

or from a beautiful view. But in working out the consequences of this view Say is not free from obscurities and inconsistencies; and by his comprehension of these immaterial pro-ducts within the domain of economics he is confirmed in the error of regarding that science as filling the whole sphere which really belongs to sociology. His " theorie des debouches " amounts to this, that, products being, in last analysis, purchased only with products,'the extent of the markets (or outlets) for home products Is proportional to the quantity of foreign productions; when the sale of any commodity is dull, it is because there is not a sufficient number, or rather value, of other commodities produced with which it could be purchased. Another proposition on which Say insists is that every value is consumed and is created only to be consumed. Values can therefore be accumulated only by being reproduced in the course or, as often happens, by the very act of consumption; hence his distinction between reproductive and unproductive consumption. We find in him other corrections or new presentations of views previously accepted, and some useful suggestions for the improvement of nomenclature.
Say's writings occupy vols. ix.-xii. of Guillaumin's Collection des principaux economistes. Among them are, in addition to those already mentioned, Catechisme d'economie politique (1815); Petit Volume contenant quelques apercus des hommes et de la societe, lettres d Malthus sus differens sujets d'economie politique (182o); Epitome des principes de l'economie politique (1831). A volume of Melanges et correspondance was published posthumously by Charles Comte, author of the Traile de legislation, who was his son-in-law. To the above must be added an edition of Storch's Cows d'economie politique, which Say published in 1823 without Storch's authorization, with notes embodying a " critique amere et virulente," a proceeding which Storch justly resented.
The last edition of the Traite d'economie politique which appeared during the life of the author was the 5th (1826); the 6th, with the author's final corrections, was edited by the eldest son,

Horace

HORACE [QuINTus HORATIUS FLACCUS] (65-8 B.C.)

Emile Say, himself known as an economist, in 1846. The work was translated into English " from the 4th edition of the French " by C. R. Prinsep (1821), into German by Ludwig Heinrich von Jakob (1807) and by C. Ed. Morstadt (1818 and 1830), and, as Say himself informs us, into Spanish by Jose Queypo. The Cours d'economie politique pralique, from which Morstadt had given extracts, was translated Into German by Max Stirner (1845). The Catechisme and the Petit Volume have also been translated into several European languages. An English version of the Lettres a Malthus appears in vol. xvii. of the Pamphleteer (1821). See also Jean Baptiste Say, by A. Liesse (Paris, 1901). (J. K. I.)

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