In response to Alan Scharf and Thomas Lunde
Two reasons (among others) for overproduction can be:
1. Rising costs for repairing the damages caused by industrial
production
(ecology, health, security systems) lead to sinking money for private
consumption.
2. Economic theory is not aware of the limits of time which exist for
all consumers. Consumption needs a lot of time: time for earning the
money to buy a product, time to use it and time to repair it.
The limits of consumption due to the limits of time were predicted by
the Swedish economist Staffan B. Linder in his book "The Harried Leisure
Class", 1970, Columbia University Press.
Maybe a reduction of (industrial organized ) work and a better
distribution of paid work could lead to a higher quality of life.
Robert Neunteufel
