Economics Stack Exchange is a question and answer site for professional and academic economists and analysts. It's 100% free, no registration required.

Sign up
Here's how it works:
  1. Anybody can ask a question
  2. Anybody can answer
  3. The best answers are voted up and rise to the top

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?

share|improve this question

Your Answer


By posting your answer, you agree to the privacy policy and terms of service.