AN HISTORICAL AND THEORETICAL APPROACH TO THE INSTABILITY BETWEEN PRODUCTION AND CONSUMPTION AT CAPITALIST MODE OF PRODUCTION

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The deadlock discussion on the problems of the inequality between production and consumption at capitalist mode of production was started by Malthus and ended up with the end of the Gold Age of capitalism during the mid-1960s, and then took a long half century break. However, during the one and half century, the emphases from political, economy and social perspectives on the importance of foreign markets and investments have helped the academy understand the inherited disease of capitalism, crises. After the interwar period, the discussion on the problems of the inequality between production and consumption were reminded when Baran, Sweezy and Robinson brought up the problems of giant production increases under monopolistic capitalist production system. Nevertheless, the problem still remained as unsolved out there.

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Capitalism , Crisis , Consumption , Production , Investment

Ege Academic Review (EAR)

790

Ege Academic Review (EAR)