Underconsumption and Overproduction Theories of the Business Cycle

Author:

Simpson Brian P.

Publisher

Palgrave Macmillan US

Reference22 articles.

1. For a sample of Malthus’s view on overproduction, see William J. Barber, A History of Economic Thought (Harmondsworth, UK: Penguin Books Ltd., 1967), pp. 70–72.

2. For a sample of Marx’s view, see Karl Marx and Friedrich Engels, The Communist Manifesto (London: Penguin Books Ltd., 1967 [1848]), pp. 86 and 109 and

3. Karl Marx, Capital, vol. 1 (Chicago, IL: Encyclopedia Britannica, Inc., 1952 [1867]), pp. 222–223.

4. On Sismondi’s view, see Mark A. Lutz, Economics for the Common Good (London: Routledge, 1999), pp. 28–31.

5. My discussion on the limitless need and desire for wealth is based on George Reisman, Capitalism: A Treatise on Economics (Ottawa, IL: Jameson Books, 1996), pp. 43–45.

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