November 15

Jean-Baptiste Say (1767-1832) was a leading figure in classical economics and a successful businessman. He founded a textile enterprise before turning to economic theory, where his formulation of Say's Law ("supply creates its own demand") became central to market economics. Say's seminal work, "A Treatise on Political Economy", introduced key concepts such as entrepreneurship and factors of production. He served on the Conseil d'État under Napoleon and contributed to early industrial policy. Say's ideas influenced economists like Mill and Bastiat and remain foundational in modern economic thought. His dual career bridged practical commerce and academic inquiry.

Laurence Tisch transformed a small textile enterprise into the diversified Loews Corporation. Under his leadership as chairman and CEO, Loews expanded into hotels, insurance, and energy. Tisch was known for his disciplined management style and long-term investment approach. Beyond business, he was a generous philanthropist, supporting education and healthcare initiatives. He served on several nonprofit boards, including those of New York University and the Metropolitan Museum of Art. Tisch’s legacy lives on through his contributions to industry and civic life.

Elmer L. Andersen built a successful insurance business before entering politics. He served as Minnesota’s governor from 1961 to 1963, championing open housing and conservation laws. Andersen established the state’s first pollution control agency to protect natural resources. His progressive policies advanced civil rights and improved education funding. After public service, he remained active in philanthropy and higher education governance. Andersen’s leadership left a lasting impact on Minnesota’s civic and environmental landscape.