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...

maintain that Say further argued that this law of markets implies that a general glut (a widespread excess of supply over demand) cannot occur. If there is...

declined in use significantly. Layoffs of programmers resulted in a general glut in the job market. University enrollment for computer-related degrees...

defended Sismondi's views on "general glut" rather than Say's Law, which in effect states "there can be no general glut". 1807. A letter to Samuel Whitbread...

supply (glut) of goods in one market, there is a corresponding excess demand (shortage) in another. This theory suggests that a general glut can never...

long-running debate within economics over the existence and nature of general gluts. A number of the policies Keynes advocated to address the Great Depression...

University of Chicago in 1968. His dissertation was titled "Say's Law and the General Glut Controversy". From 1965 to 1969, Sowell was an assistant professor of...

productive inputs will provide sufficient demand so that there is no general glut. Sayre's law: "In any dispute the intensity of feeling is inversely proportional...

The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked...

spiral. A deflationary spiral is the modern macroeconomic version of the general glut controversy of the 19th century. Another related idea is Irving Fisher's...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

of refuting or supporting Say's law; this is also referred to as the "general glut" (supply in relation to demand) debate. Until the Keynesian revolution...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

from one production period to another. If the concept is defined in this general way it includes expansion that results from an increase in population [...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

the Second Reform Act in 1867. The Third Reform Act in 1884 introduced a general principle of one vote per household. All these acts and others simplified...

that been their purpose. Thus retirement of the public debt, in which the General took great pride, as if it were a personal achievement – as indeed it was...

free market policy, with low tariffs, low taxes, less spending and, in general, a laissez-faire (hands-off) government. They argued that tariffs made...

in 1989, a spike in gas prices as the result of the Gulf War, and the general run of the business cycle since 1983. A surge in inflation in 1988 and...

rational expectations were presumed. For Lucas, the islands model made up the general framework in which the mechanisms underlying the Phillips curve could be...

government institutions. Economics portal 1973 oil crisis Dynamic stochastic general equilibrium Shock therapy Social risk management Technology shock Vector...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

enabling technology of the punch card. Charles Babbage proposed a mechanical general-purpose computer called the Analytical Engine, but it was never successfully...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

saving could exceed investment for significant amounts of time, causing a general glut and a recession. Within personal finance, the act of saving corresponds...

Commonwealth of Nations countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption...

a general increase in the prices of goods and services in an economy. This is usually measured using a consumer price index (CPI). When the general price...