ABSTRACT
Under the heading, ‘Die wirtschaftliche Überproduktion und die Mittel zu ihrer Abhilfe’ [Economic overproduction and the means by which it may be remedied], Mr E. d'Avis has published an article in the Jahrbücher für Nationalokonomie und Statistik (vol. 17, no. 5) that illuminates various aspects of this much discussed problem in a manner I consider very valuable. The findings that emerge as the theoretical result of d'Avis's exposition are in striking agreement with phenomena actually observed in the present economic period. If we add that his argument is distinguished at almost every point by logical stringency, it seems hardly possible that his practical conclusions, too, his criticism of the standard proposals for eliminating the problem and the remedies he himself suggests, can command anything other than immediate acceptance.
