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As per my reading of it, Engels seems to blame crises of overproduction and plummeting prices in The Condition of the Working Class in England for economic downturns.

Regrettably, I don't have a very good memory of the macroeconomics I've learned, particularly since it's not my interest, so I'm having difficulty critiquing this argument. As such, what would be some good papers to read about the overproduction argument for the existence of economic downturns?

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