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- General_glut abstract "In macroeconomics, a general glut is an excess of supply in relation to demand, specifically, when there is more production in all fields of production in comparison with what resources are available to consume (purchase) said production.This exhibits itself in a general recession or depression, with high and persistent underutilization of resources, notably unemployment and idle factories.The Great Depression is often cited as an archetypal example of a general glut.The term dates to the beginnings of classical economics in the late 18th century, and there is a long-running debate on the existence, causes, and solutions of a general glut. Some classical and neoclassical economists argue that there are no general gluts, advocating a form of Say's law (conventionally but controversially phrased as "supply creates its own demand"), and that any idling is due to misallocation of resources between sectors, not overall because overproduction in one sector necessitates underproduction in others as is demonstrable in severe price falls when such alleged 'malinvestment' in gluts clear–unemployment is seen as voluntary, or a transient phenomenon as the economy adjusts. Others cite the frequent and recurrent economic crises of the economic cycle as examples of a general glut, propose various causes and advocate various solutions, most commonly fiscal stimulus (government deficit spending), a view advocated in the 19th and early 20th century by underconsumptionist economists, and in the mid to late 20th and 21st century by Keynesian economics and related schools of economic thought.One can distinguish between those who see a general glut (greater supply than demand) as a supply-side issue, calling it overproduction (excess production), and those who see it as a demand-side issue, calling it underconsumption (deficient consumption). Some believe that both of these occur, such as Jean Charles Léonard de Sismondi, one of the earliest modern theorists of the economic cycle.".
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- General_glut wikiPageExternalLink glut.htm.
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- General_glut wikiPageWikiLink Category:Recessions.
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- General_glut wikiPageWikiLink David_Ricardo.
- General_glut wikiPageWikiLink Debt-deflation.
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- General_glut wikiPageWikiLink Jean_Charles_Léonard_de_Sismondi.
- General_glut wikiPageWikiLink Keynesian_economics.
- General_glut wikiPageWikiLink Liquidity_preference.
- General_glut wikiPageWikiLink Macroeconomics.
- General_glut wikiPageWikiLink Malinvestment.
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- General_glut wikiPageWikiLink Nominal_rigidity.
- General_glut wikiPageWikiLink Overproduction.
- General_glut wikiPageWikiLink Paradox_of_thrift.
- General_glut wikiPageWikiLink Political_economy.
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- General_glut wikiPageWikiLink Recession.
- General_glut wikiPageWikiLink Says_Law.
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- General_glut wikiPageWikiLink Sismondi.
- General_glut wikiPageWikiLink Speculative_bubbles.
- General_glut wikiPageWikiLink Sticky_wages.
- General_glut wikiPageWikiLink Stimulus_(economics).
- General_glut wikiPageWikiLink Supply_creates_its_own_demand.
- General_glut wikiPageWikiLink The_New_School.
- General_glut wikiPageWikiLink Thomas_Robert_Malthus.
- General_glut wikiPageWikiLink Underconsumption.
- General_glut wikiPageWikiLink Underconsumptionism.
- General_glut wikiPageWikiLink Underconsumptionist.
- General_glut wikiPageWikiLink Unemployment.
- General_glut wikiPageWikiLink File:UnemployedMarch.jpg.
- General_glut wikiPageWikiLinkText "general glut".
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- General_glut subject Category:Recessions.
- General_glut hypernym Excess.
- General_glut type Article.
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- General_glut comment "In macroeconomics, a general glut is an excess of supply in relation to demand, specifically, when there is more production in all fields of production in comparison with what resources are available to consume (purchase) said production.This exhibits itself in a general recession or depression, with high and persistent underutilization of resources, notably unemployment and idle factories.The Great Depression is often cited as an archetypal example of a general glut.The term dates to the beginnings of classical economics in the late 18th century, and there is a long-running debate on the existence, causes, and solutions of a general glut. ".
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- General_glut depiction UnemployedMarch.jpg.
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