SAY YASASI: KEYNES'İN YORUMU VE SON DÖNEM TARTIŞMALARI

ÖZETBu çalışmada, Keynes'in Say Yasası eleştirisi ve Keynes'in eleştirisinin eleştirisi incelenmektedir. Keynes'e göre, krizler ortaya çıkabilir ve efektif talep yetersizliğinden kaynaklanır; bir başka deyişle Say Yasası geçersizdir. Diğer taraftan, Say Yasası'nı savunanlar, Keynes'in yorumunun hatalı olduğunu ileri sürmektedir. Özellikle son dönemde, Keynes'in Say Yasası'nın anlamını doğru yansıtmadığı ve Say Yasası'nın geçerli olduğu yönünde yapılan yoğun çalışmalar dikkat çekmektedir. Çalışmanın amacı, Say Yasası'nın temel önermesinin 'derneşik arzın derneşik talebe eşit' olduğunun ve Keynes'in de ileri sürdüğü gibi, Yasa'nın kapitalist ekonomilerde değil, parasal olmayan ekonomilerde geçerli olabileceğinin gösterilmesidir.Anahtar kelimeler: Say Yasası, efektif talep, takas ekonomisi, paranın işlevleri.Jel sınıflandırması: E12, E13, E40ABSTRACTIn this paper Keynes's critique of Say's Law and critique of Keynesian criticism are analysed. According to Keynes, crises are possible and are the results of lack of effective demand; that is to say that the Say's Law is void. On the other hand, defenders of the Say's Law assert that this interpretation by Keynes is fallacious. Especially in the last period, many studies suggest that Keynes did not demonstrate the meaning of the Say's Law correctly and Say's Law is valid. The purpose of this study is to indicate that the proposition of 'aggregate supply is equal to aggregate demand' is the key element of the Say's Law, and that the Law may, as is ascertained by Keynes, apply in non-monetary economy, not in capitalist economy.Key words: Say's law, effective demand, barter economy, functions of money.Jel classification: E12, E13, E40

-

In this paper Keynes’s critique of Say‘s Law and critique of Keynesian criticism are analysed. According to Keynes, crises are possible and are the results of lack of effective demand; that is to say that the Say’s Law is void. On the other hand, defenders of the Say’s Law assert that this interpretation by Keynes is fallacious. Especially in the last period, many studies suggest that Keynes did not demonstrate the meaning of the Say’s Law correctly and Say’s Law is valid. The purpose of this study is to indicate that the proposition of ‘aggregate supply is equal to aggregate demand’ is the key element of the Say’s Law, and that the Law may, as is ascertained by Keynes, apply in non-monetary economy, not in capitalist economy.

___

  • Anderson, W.L. (2001) Say’s Law: Were (Are) the Critics Right?, Austrian Scholars Conference 7, March 30-31, http://mises.org/journals/scholar/ sayslaw.pdf, indirilme tarihi: 10.10.2012.
  • Ardıç, K., Aydın, Y. (2011) İktisat Okulları ve Emek Piyasası, 2. bs., İstanbul: Derin Yayınları.
  • Baumol, W.J. (1977) “ Say’s (at Least) Eight Laws, or What Say and James Mill May Really Have Meant” Economica, New Series, Vol. 44, No. 174 (May): 145-161.
  • Baumol, W.J. (1999) “Retrospectives: Say’s Law”, Journal of Economic Perspectives, Vol. 13, No. 1: 195 – 204.
  • Bergmann, E.v. (1895) Die Wirtschaftskrisen. Geschichte der nationalökonomischen Krisentheorieen, Stuttgart: Verlag von W. Kohlhammer, http://www26.us.archive.org/stream/diewirtschaftsk00berggoog#page/n75/ mode/2up, indirilme tarihi: 01.10.2012.
  • Bonar, J. (1885) Malthus and His Work. London: Macmillan, http://archive. org/details/malthusandhiswo03bonagoog, indirilme tarihi: 08.10.2012. Buchholz, T.G. (2005) Ölü İktisatçılardan Yeni Fikirler: Modern Ekonomik Düşünceye Giriş, çev. İsmail Aktar, İstanbul: Adres Yayınları.
  • Coleman, W. (1999) “Say’s Law And The Keynesian Revolution”, History of Economics Review, HETSA Bulletin, Electronic Archive: 1982-1999, Volume 29, Winter, 145-146, http://www.hetsa.org.au/historyeconreview/ hetsaback.html, indirilme tarihi: 01.12.2012.
  • Çakmak, A. (1997) Ortodoks Makro İktisada Giriş, İstanbul: Bilim Teknik Yayınevi.
  • Davidson, P. (1994) Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-first Century, Cheltenham: Edward Elgar Publishing.
  • Davidson, P. (1998) “Post Keynesian Employment Analysis and the Macroeconomics of OECD Unemployment”, The Economic Journal, Vol. 108, No. 448: 817-831.
  • Davidson, P. (2000) “There are Major Differences Between Kalecki’s Theory of Employment and Keynes’s General Theory of Employment Interest and Money”, Journal of Post Keynesian Economics, Vol. 23, No 1: 3-25. Davidson, P. (2001) “The Principle of Effective Demand: Another View”, Journal of Post Keynesian Economics, Vol. 23, No 3: 391-402.
  • Demiröz, D.M. (2012) “Kriz Çağında Keynes’e Yeniden Dönüş: Keynes’in Ticaret Çevrimi”, U.S. Akalın vd. (der.), Keynes’in Genel Teori’si Üzerine, İstanbul: Kalkedon.
  • Denis, H. (1997) Ekonomik Doktrinler Tarihi, 1. Cilt, çev. Atilla Tokatlı, İstanbul: Sosyal Yayınlar.
  • Diehl, K. (1924) Theoretische Nationalökonomie, Zweiter Band: Die Lehre von der Produktion, Jena: Verlag von Gustav Fischer.
  • Foley, D. K. (1990) “Say’s Law in Marx and Keynes”, J.E. King (der.), Marxian Economics, Aldershot: Edward Elgar, 436 – 447.
  • Hartwig, J. (2004) “Keynes Versus the Post Keynesians on the Principle of Effective Demand”, Konjunkturforschungsstelle (KOF), Swiss Institute for Business Cycle Research, Working Paper, No: 88, http://www.kof.ethz. ch/en/publications/p/kof-working-papers/88/, indirilme tarihi: 10.12.2012. Hutt, W. H. (1974) A Rehabilitation of Say’s Law. Athens: Ohio University Press., http://mises.org/books/sayslaw.pdf, .İndirilme tarihi: 10.09.2012. Jonsson, P.O. (1995) “On the Economics of Say and Keynes’ Interpretation of Says’s Law”, Eastern Economic Journal, Vol. 21, No. 2: 147–155.
  • Jonsson, P. O. (1997) “On Gluts, Effective Demand, and the True Meaning of Say’s Law”, Eastern Economic Journal, Vol. 23, No.2: 203–218.
  • Kates, S. (1996) “Keynes, Say’s Law and the Theory of the Business Cycle”, History of Economics Review 25: 119–126.
  • Kates, S. (1997) “On the True Meaning of Say’s Law”, Eastern Economic Journal Vol. 23, No. 2: 191–202.
  • Kates, S. (2005) “Supply Creates Its Own Demand’: A Discussion of the Origins of the Phrase and of its Adequacy as an Interpretation of Say’s Law of Markets”, History of Economics Review, Vol. 41: 49–60.
  • Kates, S. (2010) “Why Your Grandfather’s Economics was better than yours: On the Catastrophic Disappearance of Say’s Law”, Quarterly Journal of Austrian Economics, Vol. 13, No. 4: 3–28.
  • Keen, S. (2003) “Nudge Nudge, Wink Wink, Say No More,” S. Kates (ed.), Two Hundred Years of Say’s Law: Essays on Economic Theory’s Most Controversial Principle, Cheltenham: Edward Elgar, 199–209.
  • Kent, R.J. (2005) “Keynes and Say’s Law”, History of Economics Review 41: 61–76.
  • Keynes, J.M. (1936) The General Theory of Employment Interest and Money, London: Macmillan.
  • Keynes, J.M. (1937) “The General Theory of Employment”, The Quarterly Journal of Economics, Vol. 51, No. 2: 209-223.
  • Keynes, J.M. (1994) Allgemeine Theorie der Beschäftigung, des Zinses und des Geldes, Übers. Fritz Waeger, 7. Aufl., Berlin: Duncker & Humblot. Keynes, J.M. (2008) Genel Teori: İstihdam, Faiz ve Paranın Genel Teorisi, çev. Uğur Selçuk Akalın, İstanbul: Kalkedon.
  • Maas, P. (2012) Notwendige und hinreichende Bedingungen wohlfahrtsentwicklungskonformer Wirtschaftspolitik: Eine theoretische Untersuchung der Anforderungen an den Staat in einer Marktwirtschaft, Göttingen: Universitätsverlag Göttingen, Online-Ausgabe, http://webdoc.sub.gwdg. de/univerlag/2012/Maas_Wiwi.pdf, indirilme tarihi: 20.10.2012.
  • Macedo e Silva, A. C. ( 2004) “From Say’s Law to Keynes, from Keynes to Walras’s Law: Some Ironies in the History of Economic Thought,” http://www.iececon.net/arquivos/publicacoes_47_887530739.pdf, indirilme tarihi: 14.10.2012.
  • Martin, A. (2004) “Keynes and Say’s Law of Markets: Analysis and Implications for Austrian Economics”, http://www2.gcc.edu/dept/econ/ASSC/ Papers2004/Martin.pdf, indirilme tarihi: 3.10.2012.
  • Marx, K. (1993) Das Kapital: Kritik der Politischen Ökonomie, Erster Band, Buch 1: Der Produktionsprozess des Kapitals, 34. Auflage, Berlin: Dietz Verlag.
  • Mill, J.S. (2006) The Collected Works of John Stuart Mill, Volume III - Principles of Political Economy Part II [1848], Books III-V and Appendices, ed. John M. Robson, Toronto: University of Toronto Press, http://oll. libertyfund.org/title/243, indirilme tarihi, 10.07. 2012.
  • Mises, L. (2005) “Lord Keynes and Say’s Law”, April 25, This article originally was published in “The Freeman,“ October 30, 1950, http://mises. org/daily/1803, indirilme tarihi: 12.09.2012.
  • Özel, H. (2007) “Genel Teori’ye Yol Açmış Olabilecek Toplum Felsefesi Üzerine”, İktisat Dergisi, Sayı: 490: 58-69.
  • Paya, M. (2001) Makro İktisat, Geliştirilmiş 2. bs., İstanbul: Filiz Kitabevi. Ricardo, D. (2007) Ekonomi Politiğin ve Vergilemenin İlkeleri, çev. Tayfun Erten, İstanbul: Belge Yayınları.
  • Sardoni, C. (1991) “Marx and Keynes: the critique of Say’s Law”, G.A. Caravale (ed.), Marx and Modern Economic Analysis, Volume II: The Future of Capitalism and the History of Thought, Aldershot: Edward Elgar, 219 – 239.
  • Say, J. B. (1821) Letters to Mr Malthus on Several Subjects of Political Economy and on the Cause of the Stagnation of Commerce to Which is Added a Catechism of Political Economy or Familiar Conversations on the Manner in Which Wealth is Produced Distributed and Consumed in Society. Translated by John Richter, Reprints of Economic Classics (1967), New York: Kelley, http://library.mises.org/books/Jean-Baptiste%20Say/ Letters%20to%20Mr%20Malthus.pdf, indirilme tarihi: 10.07. 2012.
  • Say, J.B. (1830) Ausführliche Darstellung der Nationalökonomie oder der Staatswirthschaft: aus dem Französischen der fünften Ausgabe übersetzt von Carl Eduard Morstadt: Erster Band, Dritte Ausgabe, Heidelberg: Verlagsbuchhandlung von Joseph Engelmann, http://openlibrary. org/books/OL23279532M/Ausf%C3%BChrliche_Darstellung_der_ National%C3%B6konomie_oder_der_Staatswirthschaft, indirilme tarihi: 15.11. 2012.
  • Say, J. B. (1880). A treatise on political economy; or the production, distribution, and consumption of wealth, Translated from the fourth edition of the French, by C. R. Prinsep, Philadelphia: Claxton, Remsen & Haffelfinger, Kitchener: Batoche, 2001, http://socserv.mcmaster.ca/econ/ ugcm/3ll3/say/treatise.pdf, indirilme tarihi: 10.07. 2012.
  • Schumpeter, J.A (1954). History of Economic Analyses, New York: Oxford University Press.
  • Skousen, M. (2003) Modern İktisadın İnşası, çev. M. Acar vd., Ankara: Liberte.
  • Snowdon, B. ve Vane, H.R. (2012) Modern Makroekonomi: Temelleri, Gelişimi ve Bugünü, Çev., Nurtaç Yıldırım vd., İstanbul: Efil Yayınevi. Sweezy, P (2007) Kapitalist Gelişme Teorisi, çev. Gülsüm Akalın, İstanbul: Kalkedon.
  • Tanyeri, İ. (1998) “Keynes’in İstihdam ve Ücret Analizi”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt 16, Sayı 1-2: 29-47. Tanyeri, İ. (2007) “Keynes’in Efektif Talep, Parasal Faiz Oranı, Ücret ve Kâr Analizi”, İktisat Dergisi, Sayı: 490: 48-57.
  • Tarnell, B (2011): “A brief look at Say’s Law: Attempting to understand its relevance and meaning”, MPRA Paper No. 39365, posted 11. June 2012, Unpublished, http://mpra.ub.uni-muenchen.de/39365/3/Brown_CWA3_ GY.pdf, indirilme tarihi: 13.10.2012.
  • Witte, H. (1989) “Die Bedeutung des Sayschen Theorems für die Nationalökonomie”, in: Jahrbuch für Sozialwissenschaft, Bd. 40, H. 3: 323 – 331.