Karl Marx and Say's Law

Abstract

I. Introduction, 611. — II. The four meanings of Say's Law, 614. — III. Marx on Say's Law as the circular flow, 616. — IV. The equality of aggregate demand and supply and the “money veil”; Marx's answer to Say's Law, 618. — V. Marx's view of partial overproduction and the general glut, 623. — VI. Accumulation of capital and economic development; Marx's alternative to Say's Law and the classical system, 625.