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Dear Tony,
1) I cannot but imagine that it was Marx who first would formulate
the law as supply creating its own demand, precisely because
Marx was so concerned about what intervened between production
and consumption (time, surplus value).
2) While he did not use the phrase 'Say's Law,' Hegel refers to
'Smith, Ricardo, and Say' in para. 189 of the Philosophy of Right,
where he talks about 'Political economy' as 'one of the sciences
which have arisen out of the conditions of the modern world. Its
development affords the intersting spectacle (as in Smith, Say, and
Ricardo) of thought working upon the endless mass of details
which confront it at the outset and extrcting therefrom the simple
principle ...' (Knox trans) In his lectures, he added 'to discovere
this necessary element here is the object of political economy, a
science which is a credit to thought because it finds laws for a
mass of accidents....' In a parallel paragraph in the Encyclopedia
(Philosophy of Mind/Spirit), Hegel parallels political economy to
physics as a science (523). (Like Marx, for Hegel Say's Law does
not work: the problem of the modern economy, Hegel notes, is
over-production -- Philosophy of Right, para 245).
These are in a way two non-answers, but they may be helpful.
Peter G. Stillman
Vassar College
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