Overproduction And Crises (1898)

Overproduction and Crises is a book written by German economist Karl Rodbertus in 1898. The book analyzes the causes and consequences of overproduction, which Rodbertus argues is a fundamental problem in capitalist economies. According to Rodbertus, overproduction occurs when the supply of goods exceeds demand, leading to a surplus of unsold goods and a reduction in prices. This, in turn, leads to a decline in profits for producers, which can cause economic crises.Rodbertus argues that overproduction is a result of the inherent contradictions of capitalism, which is based on the pursuit of profit and the accumulation of capital. He suggests that the solution to overproduction and economic crises is to increase demand for goods by redistributing wealth and income more equally. Rodbertus also advocates for the nationalization of key industries and the establishment of a planned economy, in which production is coordinated to meet the needs of society rather than the profit motive of individual capitalists.Overall, Overproduction and Crises is a seminal work in the field of Marxist economics, and its analysis of the problems of overproduction and economic crises continues to be relevant in contemporary debates about the future of capitalism.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

John B. Clark is Acting Executive Director of the City University of New York's Office of Business and Industry Relations, former Interim Chancellor of the State University of New York and was Interim President of four of SUNY's colleges: Plattsburgh, Brockport, Alfred State and Optometry.