Hobson wrote for several other journals before writing his next major work, The Industrial System (1909). In this tract he argued that maldistribution of income resulted, through oversaving and underconsumption, in unemployment and that the remedy was in eradicating the "surplus" by the redistribution of income by taxation and the nationalization of monopolies.
Hobson wrote for several other journals before writing his next major work, The Industrial System (1909). In this tract he argued that maldistribution of income resulted, through oversaving and underconsumption in unemployment and that the remedy was in eradicating the "surplus" by the redistribution of income by taxation and the nationalization of monopolies.