Note 216-1 — Chapter I

When those engaged in industrial pursuits speak of a lasting and ever-growing over-production, they have generally no other reason for their complaints than the declining of the rate of interest and of the undertaker's profit which always accompany an advance in civilization. Compare J. S. Mill, Principles, III, ch. 14, 4. However, the same author, I, 403, admits the possibility of something similar to a general over-production.