{"product_id":"periodic-crises-of-overproduction-1913","title":"Periodic Crises of Overproduction (1913)","description":"The aim of Albert Aftalion’s Periodic Crises of Overproduction is to lay the analytical building blocks of a medium-term approach to the theory and policy of economic fluctuations. Aftalion builds his theory on a disaggregated (structural) representation of the economic system that overcomes the conventional micro-macro dichotomy. This analysis eschews both the explanation of crises in terms of cumulative processes triggered by long-term factors and that in terms of purely contingent mismatches and ruptures. Aftalion highlights features such as lack of synchronization between sectors, different time horizons between socio-economic groups, and dissimilar speeds of change between production and consumption units. His approach draws key analytical concepts (such as the accelerator principle) from a detailed investigation of the interdependencies and temporal asymmetries of an industrial economy. It is an enlightening complement to Keynes’ General Theory.","brand":"Anthem Press","offers":[{"title":"Default Title","offer_id":58469030232399,"sku":"9781839983641","price":255.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0061\/0372\/8217\/files\/9781839983641_1-periodic-crises-of-overproduction-1913.jpg?v=1786635977","url":"https:\/\/www.suomalainen.com\/products\/periodic-crises-of-overproduction-1913","provider":"Suomalainen.com","version":"1.0","type":"link"}