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Greg Ransom quotes Hayek as saying that money only serves as  
an intermediary between the exchange of goods, thus of the  
essentially barter nature of exchange. This is contradicted by Say's  
recognition of the possibility of "unproductive capital" associated  
with hoarding.   
 
James Ahiakpor offers up a view of "classical economics" that may  
or may have not been believed in fully by various "classical  
economists."  That Say himself, despite generally supporting  
"Say's Law," also recognized its limits, is a warning that modern  
economists should be cautious about imposing fully developed  
modern theoretical systems on past economists who were  
generally much more aware of special cases and nuances than are  
most modern theoreticians.   
 
Barkley Rosser  
 
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