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CONTENT
Chapter 1. Introduction
Chapter 2. Research aims and objectives
Chapter 3. Research methodology
3.1 Say's law
3.2 Keynesian Economics
3.3 Keynes vs. Say
3.4 The Great Depression
3.5 Global Financial Crisis
3.6 Discuss and analyse
References

Chapter 1 Introduction
Public concern about the issue that Is a general glut possible which has intensified in recent years and prompted heated debate about the integrity and safety economic evironment.
In macroEconomics, a general glut means when supply overrun demand, for example, when there is more production in all aspects of production in comparison with what resources are fit to consume is production. In a general depression or recession , this shows itself , with high and persistent resources underutilization , obviously useless factories and unemployment . So the Great Depression is often cited as an sample of a general glut.
The term dates to the begins of classical economics in the late 18th century, and there is a long-running debate on the existence, causes, and solutions of a general glut. Some classical and neoclassical economists argue that there are no general gluts, advocating a form of Say's law (conventionally but controversially phrased as "supply creates its own demand"), and that any idling is due to misallocation of resources between sectors, not overall because overproduction in one sector necessitates underproduction in others as is demonstrable in severe price falls when such alleged 'malinvestment' in gluts clear–unemployment is seen as voluntary, or a transient phenomenon as the economy adjusts. Others cite the frequent and recurrent economic crises of the economic cycle as examples of a general glut, propose various causes and advocate various solutions, most commonly fiscal stimulus (government deficit spending), a view advocated in the 19th and early 20th century by underconsumptionist economists, and in the mid to late 20th and 21st century by Keynesian economics and related schools of economic thought.
I choose this topic because I think the general glut is possible in a certain level.
The previous reviews, pointing out the general glut is unacceptable . Consequently the official view has been that there is insufficient evidence to support the claim that " Is a general glut possible". These reviews have, however, failed to ensure that only those studies properly representing general glut is possible, and therefore constituting valid comparisons, are considered. By removing methodologically flawed studies and including a complete consideration of the general glut is possible, this research aims to provide a more conclusive answer.

References:
1.Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River: Pearson Prentice Hall. ISBN 0130630853.
2.Chris Giles in London, Ralph Atkins in Frankfurt and Krishna Guha in Washington. "The undeniable shift to Keynes". The Financial Times. 3.https://www.ft.com/cms/s/0/c4cf37f4-d611-11dd-a9cc-000077b07658.html. Retrieved 2009-01-23.
4.Blinder, Alan S. (2002). "Keynesian Economics". The Concise Encyclopedia of Economics. https://www.econlib.org/library/Enc/KeynesianEconomics.html. Retrieved 2008-04-09
5.Markwell, Donald (2006). John Maynard Keynes and International Relations: Economic Paths to War and Peace. New York: Oxford Universi本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。