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From:
[log in to unmask] (Peter G. Stillman)
Date:
Fri Mar 31 17:18:19 2006
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----------------- HES POSTING ----------------- 
 
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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