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In underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. The theory formed the
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Underconsumption theories date back hundreds of years and have been largely replaced by modern Keynesian economics and the theory of aggregate demand
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Underconsumption theory narrowly refers to heterodox economists in Britain in the 19th century, particularly 1815 onwards, who advanced the theory of



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Michael Bleaney, Underconsumption Theories: A History and Critical Analysis. Lawrence and Wishart, 1976, pp 262, 3 (paperback). SBN85315 366 3.



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M. F Bleaney is the author of Under Consumption Theories (0.0 avg rating, 0 ratings, 0 reviews) and Underconsumption Theories



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