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Examples
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They're calling for "belt tightening" at a time of severe under-consumption and high unemployment.
Joseph A. Palermo: Blue Dog Democrats and Republican Triangulation 2009
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When the United States exited the last depression in 1946, it was on the back of 15 years of under-consumption and pent-up demand.
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The byproducts of this growth are unsustainable debt and consumption levels in the US and overproduction with under-consumption in many developing nations.
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This naturally reduced the demand for goods of all kinds and brought on what seemed to be overproduction, but what was in reality under-consumption when judged in terms of the real world instead of the money world.
Steven McDevitt: Obama Tax Proposals Historically Sound 2008
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Competition among producers drives them to cut wages, which in turn leads to a crisis of under-consumption.
Colonialism Kohn, Margaret 2006
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A former acting undersecretary at the United States Department of Agriculture, Kennedy said, While problems of under-consumption and poor nutritional status continue to exist, increasingly problems of diet and chronic diseases are emerging as significant public health issues globally.
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It may be convenient at this point to say a word about the important schools of thought which maintain, from various points of view, that the chronic tendency of contemporary societies to under-employment is to be traced to under-consumption; — that is to say, to social practices and to a distribution of wealth which result in a propensity to consume which is unduly low.
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Since the war there has been a spate of heretical theories of under-consumption, of which those of Major Douglas are the most famous.
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Though complaints of under-consumption were a very subsidiary aspect of mercantilist thought, Professor Heckscher quotes a number of examples of what he calls 'the deep-rooted belief in the utility of luxury and the evil of thrift.
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Theories of under-consumption hibernated until the appearance in 1889 of The Physiology of
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