underconsumption theory of crises

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• Underconsumption — In underconsumption theory, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. It is an old concept in economics, going back to Thomas Malthus if not earlier. The concept of underconsumption had… …   Wikipedia

• Crises —    Karl Marx did not compile his theory of crises in any discrete manner but proposed it throughout his major works, notably Theories on Surplus Value (1861–1879), the Grundrisse (1857–1858), and Capital (volume I, 1867). Crises are an expression …   Historical dictionary of Marxism

• Crisis theory — is generally associated with Marxian economics. In this context crisis refers to what is called, even currently and outside Marxian theory in many European countries a conjuncture or especially sharp bust cycle of the regular boom and bust… …   Wikipedia

• Business cycle — Economics …   Wikipedia

• business cycle — a recurrent fluctuation in the total business activity of a country. [1920 25] * * * Periodic fluctuation in the rate of economic activity, as measured by levels of employment, prices, and production. Economists have long debated why periods of… …   Universalium

• Great Depression — This article is about the severe worldwide economic downturn in the 1930s. For other uses, see The Great Depression (disambiguation) …   Wikipedia

• Tendency of the rate of profit to fall — The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol. 3. It was generally accepted in the 19th century. Economists as diverse… …   Wikipedia

• Overproduction — This article is about the economic concept of overproduction. For the musical term, see overproduction (music). In economics, overproduction, oversupply or excess of supply refers to excess of supply over demand of products being offered to the… …   Wikipedia

• World-systems approach — World system approach is a post Marxist view of world affairs, one of several historical and current applications of Marxism to international relations. One of the basics of the approach is its view of imperialism, which for many Marxists during… …   Wikipedia

• Crisis (Marxian) — In economics, crisis is a term in Marxist theory, referring to the sharp transition to a recession. See for example created by Shabuntaytwanisha 1994 economic crisis in Mexico, Argentine economic crisis (1999 2002), South American economic crisis …   Wikipedia

• Hobson, John Atkinson — (1858–1940)    John Hobson, an economist, political commentator, and activist, formulated what has been probably the single most influential theory of imperialism in his volume Imperialism: A Study (1902).    Hobson was the son of a Derbyshire… …   Encyclopedia of the Age of Imperialism, 1800–1914