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Underconsumption

Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The theory formed the basis for the development of Keynesian economics and the theory of aggregate demand after…

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Underconsumption

Nodes70
Edges69
Triples101
Avg. degree1.97
Density0.028571
Components1

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Underconsumption

Top relations

related to Bibliography · 23
Underconsumption → American Civilization, American Economic Policy, Apr, Barber, Catchings, Critical Analysis Lawrence, Economists, Foster, Gleason, Herbert Hoover, History, Joseph Dorfman, Journal, Keynes, Michael Bleaney Underconsumption Theories, Mixed Economy Merlin Press, Paul Mattick Marx, Political Economy, Reappraisal, The Economic Mind
related to Marxian · 13
Underconsumption → Anwar Shaikh, Das Kapital, From, However, In, It, Marx, Marx's, On, The, To, Volume II, When
related to 16th century through 18th century – mercantilism · 12
Underconsumption → Barthélemy, Eli Heckscher Underconsumption, English, French, German, Heckscher, Heckscher's, Laffemas, Mercantilism, State, The, The Treasures
related to 19th century · 10
Underconsumption → British, David Ricardo, English, Further, Keynes, Malthus, Notes, Principles, Ricardo, This
related to 20th century – pre-Keynes · 10
Underconsumption → An, Franklin, Herbert Hoover, Hobson, Industrial System, John, Roosevelt, The, Waddill Catchings, William Trufant Foster
related to Legacy · 8
Underconsumption → Employment, Interest, Keynes, Keynes's, Keynesian, Money, The General Theory, Today
related to Theory · 8
Underconsumption → Compare, First, In, Keynesian, Michael Bleaney, Second, Thus, Underconsumption Theories
related to Criticism · 6
Underconsumption → Adam Smith, Austrian, Christian, James Mill, The, These
related to Keynesian · 6
Underconsumption → But, Falling, Further, Keynesian, Modern Keynesian, These
is a · 2
Underconsumption → old concept in economics that goes back to the 1598 French mercantilist text Les Trésors et richesses pour mettre l'Estat en splendeur, theory in economics that recessions and stagnation arise from an inadequate consumer demand

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Important terminology

theory economics demand capitalist production keynesian stagnation economic consumption economists theories profit aggregate economy wages consumer relative state one form

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Underconsumptionis atheory in economics that recessions and stagnation arise from an inadequate consumer demand0.90text
Underconsumptionis aold concept in economics that goes back to the 1598 French mercantilist text Les Trésors et richesses pour mettre l'Estat en splendeur0.90text
James Millinstance ofCriticismThe theory of underconsumption has been criticized by classical economists0.80text
Adam Smithinstance ofCriticismThe theory of underconsumption has been criticized by classical economists0.80text
and on grounds of Christian moralityinstance ofCriticismThe theory of underconsumption has been criticized by classical economists0.80text
Underconsumptionrelated to 16th century through 18th century – mercantilismMercantilism0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismEli Heckscher Underconsumption0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismHeckscher's0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismThe0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismBarthélemy0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismLaffemas0.60section
Underconsumptionrelated to 16th century through 18th century – mercantilismThe Treasures0.60section

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