Whose law states that 'Supply Creates Demand'?
Supply creates its own demand that it may have derived from the following 1844 formulation by John Stuart Mill: Supply creates its own demand "Supply creates its own demand" is the formulation of Say's law. The rejection of this doctrine is a central component of "The General Theory of Employment, Interest and Money" (1936) and a central tenet of Keynesian economics. Keynes's rejection of Say's law has on the whole been accepted within mainstream economics since the 1940s and 1950s in the neoclassical synthesis, but debate continues between Keynesian economists and neoclassical economists ("see saltwater and freshwater economics"). Keynes's interpretation is rejected by many economists
Supply creates its own demand Say — and the advocacy of the phrase "supply creates its own demand" is today most associated with supply-side economics, which retorts that "Keynes turned Say on his head and instead stated that 'demand creates its own supply'". The exact phrase "supply creates its own demand" does not appear to be found in the writings of classical economists; similar sentiments, though different wordings, appear in the work of John Stuart Mill (1848), whom Keynes credits and quotes, and his father, James Mill (1808), whom Keynes does not. Keynes coined the phrase thusly (emphasis added): Keynes then restates this in the