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Updated: May 25, 2025
Protecting infant industry! And protection, it seems, resulted in over-production for, in a twelvemonth, there were triplets again, two sons and a daughter. Her Majesty sent four pounds. The neighbors protested and began to manifest their displeasure uncouthly, so the Ginx family removed into Rosemary Street, where the tale of Mrs. Ginx's offspring reached one dozen.
Some attributed it to want of confidence, others to the tariff, others to the action of this or that political party, others to over-production, others to silver, others to the action of English capitalists in withdrawing. their investments. It could all be accounted for without referring to the fact that most of the individual sufferers, like Jack, owed more than they could pay.
Over-production is a term of the trade and means only that the supply has become so great that it cannot be sold at prices satisfactory to the trade. But as the prices fall the market broadens. Consumption increases with the increasing abundance, and that which it was not possible for certain classes to enjoy now comes within their reach and may become possible to even the poorest.
The book-selling kiosks send in reports of the sale of the various newspapers, etc., to eliminate the waste of over-production, a very important matter in a country faced simultaneously by a vigorous demand for printed matter and an extreme scarcity of paper. It would be interesting to have statistics to illustrate the character of the literature in demand. One thing can be said at once.
These panics have left the country disturbed and embarrassed, by armies of unemployed men. "In the same line of tactics, these competitive leaders, have endeavored to confuse the question, and to mystify the people, by raising the cry of over-production! The inexorable law of supply and demand!
If I," he said, "hadn't been able to ride to and from school I wouldn't have known what the world even looked like." The result of this, he continued, was an "over-production of educated people, more than the nation wanted and more than was tolerable for the sufferers themselves. Hence the class Bismarck called the abiturienten-proletariat, all the so-called hunger candidates, especially the Mr.
The economists had constantly to argue against the terrible possibility of a general 'glut. The condition of things at the peace had suggested this alarm. The mischief was ascribed to 'over-production' and not to misdirected production. The best cure for our evils, as some people thought, would be to burn all the goods in stock.
At the outset Goette indicates the distinction between Darwinism and the doctrine of Descent, and then points out that the distinguishing features of the former consist not so much in the three facts of Heredity, Variation, and Over-production, but rather in Selection, Survival of the Fittest, and also in that mystical theory of heredity the doctrine of Pangenesis which is peculiarly Darwinian.
Over-production, and suffering on the part of the masses, the one the cause of the other, that is the absurd contradiction in which it runs its course, and which of necessity requires a control of the forces of production, through a change in the methods of production.
It is the tacit admission, common to all economists, that if there is often over-production in certain branches, a society will nevertheless never have sufficient products to satisfy the wants of all, and that consequently the day will never come when nobody will be forced to sell his labour in exchange for wages.
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