The Physiology of Industry

E786325

The Physiology of Industry is an influential late-19th-century economic treatise co-authored by J. A. Hobson that critiques classical economics and explores the causes and consequences of underconsumption and industrial overproduction.

All labels observed (1)

Label Occurrences
The Physiology of Industry canonical 2

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Statements (43)

Predicate Object
instanceOf book ⓘ
economic treatise ⓘ
argues industrial overproduction results from inadequate effective demand ⓘ
maldistribution of income leads to insufficient demand ⓘ
over-saving by the wealthy can cause economic stagnation ⓘ
systematic underconsumption can occur in capitalist economies ⓘ
associatedWith J. A. Hobson's early economic thought ⓘ
author A. F. Mummery ⓘ
J. A. Hobson ⓘ
coAuthor A. F. Mummery ⓘ
J. A. Hobson ⓘ
countryOfOrigin United Kingdom ⓘ
critiques Say's Law ⓘ
linked to: Say's law

classical economics ⓘ
genre economics ⓘ
political economy ⓘ
hasForm monograph ⓘ
historicalContext Victorian era ⓘ
industrial capitalism in Britain ⓘ
impact challenged orthodox classical economic assumptions ⓘ
contributed to heterodox economic traditions ⓘ
influenced later critiques of laissez-faire economics ⓘ
underconsumptionist theories ⓘ
language English ⓘ
mainTopic critique of classical economics ⓘ
distribution of income ⓘ
economic cycles ⓘ
industrial overproduction ⓘ
underconsumption ⓘ
unemployment ⓘ
positionInLiterature early systematic statement of underconsumption theory ⓘ
publicationCentury 19th century ⓘ
publicationPeriod late 19th century ⓘ
publicationYear 1889 ⓘ
relatedConcept effective demand ⓘ
maldistribution of wealth ⓘ
overproduction crisis ⓘ
saving and investment imbalance ⓘ
relatedField development of Keynesian ideas (historical precursor) ⓘ
macroeconomics ⓘ
targetAudience economists ⓘ
policy makers ⓘ
students of political economy ⓘ

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

J. A. Hobson → notableWork → The Physiology of Industry ⓘ
J. A. Hobson → coAuthorOf → The Physiology of Industry ⓘ