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Liberalism and Say's law

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Liberalism and Say's law

Liberalism vs. Say's law

Liberalism is a political and moral philosophy based on liberty and equality. In classical economics, Say's law, or the law of markets, states that aggregate production necessarily creates an equal quantity of aggregate demand.

Similarities between Liberalism and Say's law

Liberalism and Say's law have 17 things in common (in Unionpedia): Aggregate demand, Classical economics, David Ricardo, Free market, Full employment, Great Depression, Jean-Baptiste Say, John Maynard Keynes, John Stuart Mill, Karl Marx, Keynesian economics, Laissez-faire, Marxism, Money, Supply creates its own demand, The General Theory of Employment, Interest and Money, Thomas Robert Malthus.

Aggregate demand

In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Full employment

Full employment means that everyone who wants a job have all the hours of work they need on "fair wages".

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Jean-Baptiste Say

Jean-Baptiste Say (5 January 1767 – 15 November 1832) was a French economist and businessman who had classically liberal views and argued in favor of competition, free trade and lifting restraints on business.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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John Stuart Mill

John Stuart Mill, also known as J.S. Mill, (20 May 1806 – 8 May 1873) was a British philosopher, political economist, and civil servant.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Marxism

Marxism is a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Supply creates its own demand

"Supply creates its own demand" is the formulation of Say's law.

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The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money of 1936 is the last and most important book by the English economist John Maynard Keynes.

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Thomas Robert Malthus

Thomas Robert Malthus (13 February 1766 – 23 December 1834) was an English cleric and scholar, influential in the fields of political economy and demography.

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The list above answers the following questions

Liberalism and Say's law Comparison

Liberalism has 512 relations, while Say's law has 58. As they have in common 17, the Jaccard index is 2.98% = 17 / (512 + 58).

References

This article shows the relationship between Liberalism and Say's law. To access each article from which the information was extracted, please visit:

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