Robert wrote (see below):
One of the major problems is the way we think. The problem is not in any
way overproduction - but underproduction.
Overproduction implies that all consumers have everything they want - an
obvious error.
It just looks like overproduction.
Harry
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>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
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