Classical Economics is a major thread in historical economic thought originating from the work of Adam Smith in the eighteenth century. It emphasizes the role of unregulated markets in achieving desirable social outcomes, despite participants pursuing their self-interests.
A proposition in 19th-century classical economics, asserting that supply creates its own demand, implying that whatever quantity is supplied will also be demanded. It is named after the 19th-century French economist J.B. Say.
