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Tony: Your student is probably right.  Sowell, in Say's Law, uses  
the quoted phase in the first sentence of his book,  'The idea that  
supply creates its own demand, Say's law..."  On page 12,  
however, he says that this familar formulation of the law is not a  
direct quotation from any of the major protagonists, not Say, not  
Malthus, or Ricardo, or James Mill et al.  He cites Keynes (GT, p.  
18) for the phrase, but does not assert that Keynes was the first to  
formulate Say's law in precisely those terms.  W.H Hutt, whose  
book "A Rehabilitation of Say's Law" was published 2 years later  
than Sowell's in 1974, states his belief that Kneyes was the first to  
use the phase (note on p.3).  Moreover, "It has been repeated in  
these very words by virtually all other economists who have since  
referred to Say's law."  He cites Schumpeter, Mark Blaug and Tom  
Sowell.   
 
So - full marks on #2.  Might the OED help on #1? 
 
Mike Lynch 
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