Capitalism and crises
Item Type:Journal article
Citation:Colbert, John P. 'Capitalism and crises'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XV No. 3, 1932/1933, pp1-9
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The paradox of economic distress in the midst of plenty, so prominent in the present depression, appears to be exercising people's minds in a most disturbing manner. The world is apparently glutted with commodities of all sorts; the machinery of production has reached a pitch of efficiency never known before; and yet millions have to go short. Moreover, this very abundance and efficiency stand in the public mind as the cause of depression and unemployment. A curse of plenty that resulted in over-luxuriance of society might be intelligible, but a curse of plenty that shows itself in poverty and hunger does not make sense.
Description:Read before the Society on Thursday, 11th November, 1932
Author: Colbert, John P.
Publisher:Statistical and Social Inquiry Society of Ireland
Type of material:Journal article
Series/Report no:Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XV No. 3 1932/1933
Availability:Full text available