"Contractual' Savings and Underconsumption : Realization Problems of British Capitalism in the Recession
This paper examines the possibility of an underconsumptionist tendency operating in the British economy in the recent recession as a result of (i) increases in contractual savings resulting in an increasing private savings-income ratio as a result of the lack of perfect substitutability between contractual and discretionary savings ; (ii) a posited link between consumption and investment, either direct or indirect via the effects of falling consumption on capacity utilization and the rate of profit. Comparisions are made between our version and Baran and Sweezy's theory of underconsumption. Some temporal, spatial and theoretical limitations of our approach are also examined.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1983|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +44 (0) 2476 523202
Fax: +44 (0) 2476 523032
Web page: http://www2.warwick.ac.uk/fac/soc/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:236. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Neal)
If references are entirely missing, you can add them using this form.