In the recent Say’s Law thread, poster Steven Shaw links to Steve Keen’s “Nudge Nudge, Wink Wink, Say No More” - a paper in which Say’s Law is determined to be fallacious: The interesting thing about Mr. Keen’s argument seems to me to be how it so quickly falls apart once it is revealed that it depends logically on Marx’s theory of profit, which in turn depends upon his labor theory of value. Moreover, to the untrained eye Mr. Keen’s critique of Say’s Law appears to be a quite accurate descript…