Thanks for taking the time to comment on the article. Would you be able to
send me a list of a few references from where I can learn more about the
Fisherian debt deflation and Devinian underconsumption trap?
Best,
Sabri Oncu
Fisher's theory appears in Fisher, Irving. 1933. The Debt-Deflation Theory of Great Depressions. Econometrica 1: 337-57. It was also published as a book. This theory has appeared in orthodox mainstream textbooks, but not often.
Devine's theory appears at http://bellarmine.lmu.edu/~jdevine/depr/D0.html [Published in Research in Political Economy. vol. 14: pp. 119-194.] See also my 1983 article "Underconsumption, Over-Investment, and the Origins of the Great Depression." Review of Radical Political Economics. 15(2): 1-27.
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
