👉 The Say's Project, named after economist Ludwig von Say, is a foundational concept in classical economics that emphasizes the role of supply in driving economic activity. It posits that production is a process where goods and services are produced in response to prices, which are determined by the interaction of supply and demand. According to Say, when people have income, they choose to produce goods and services that others are willing to buy at the prevailing prices, thus creating a continuous cycle of production and consumption. This theory challenges the classical notion that markets naturally clear, suggesting instead that imbalances in supply and demand can lead to economic fluctuations unless addressed by government intervention, which is often seen as counter to the free-market principles advocated by Say's.
