First published in 1922, Hobson’s study of the depression and resulting unemployment in the aftermath of the First World War is a far-sighted analysis which looks beyond the consequences of the war itself, at the root economic causes of the crisis.
1. A Limited Market 2. The Failure of Consumption 3. The Balance of Spending and Saving 4. The Psychology of trade Fluctuations 5. Surplus Income the Cause of Fluctuations 6. Wage Reduction as Remedy for Depression 7. Credit as a Factor in Fluctuations 8. The Douglas Theory 9. Replies to Criticism 10. A Summary