The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Overproduction

  • B. A. Corry
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1660

Abstract

The term overproduction, or general gluts as it was earlier called, and its allied, if not synonymous term, underconsumption, are rarely, if at all, to be found today in standard, orthodox textbooks of economics. Yet for past generations of writers on economics they were familiar concepts about which must ink was spilt and heated debate ranged. Discussions of overproduction were closely bound up with discussions of underconsumption because the latter has tended to be one of the main explanations of overproduction. Hence our analysis of the concept of overproduction and a brief survey of the development of theories to explain it, has to include some discussion of underconsumption.

This is a preview of subscription content, log in to check access.

Bibliography

  1. Bleaney, M. 1976. Underconsumption theories. London: Lawrence and Wishart.Google Scholar
  2. Douglas, C.H. 1933. Social credit. London: Eyre and Spottiswoode.Google Scholar
  3. Hobson, J.A., and A.F. Mummery. 1889. The physiology of industry, 1956. New York: Augustus Kelley.Google Scholar
  4. Keynes, J.M. 1936. The general theory of employment, interest and money, Vol. VIII. London: Macmillan. Reprinted in Collected Writings of John Maynard Keynes, 1973.Google Scholar
  5. Mandeville, B. de. 1724. The fable of the bees, ed. F.B. Kaye. Oxford: Clarendon Press, 1924Google Scholar
  6. Malthus, T.R. 1836. The principles of political economy, 2nd edn. London: William Pickering. Reprinted, New York: Augustus Kelley, 1951.Google Scholar
  7. Ricardo, D. 1951. Notes on Malthus. In The works and correspondence of David Ricardo, vol. II, ed. P. Sraffa. Cambridge: Cambridge University Press.Google Scholar
  8. Spence, W. 1808. Britain independent of commerce, 4th ed. London: Cadell and Davies.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • B. A. Corry
    • 1
  1. 1.