Literary notes about Overproduction (AI summary)
In literature, the term "overproduction" is often employed to signal caution around unchecked expansion and its unfavorable economic consequences. For example, in one instance the concept is used to justify strict regulations aimed at preventing the risks associated with excessive output in the coffee trade [1]. Further, it is critiqued as a driving force behind economically unsound practices, suggesting that an overabundance of production can distort market value by encouraging imprudent industrial behavior [2]. Historically, the impact of overproduction is vividly illustrated through its role in precipitating drastic price declines, as seen when Brazil's excessive coffee output led to record low prices on the New York Exchange [3].
- Further expansion in the last fifteen years has been closely regulated to prevent overproduction.
— from All About Coffee by William H. Ukers - The principle of valorization is generally conceded to be economically unsound, because it encourages overproduction.
— from All About Coffee by William H. Ukers - 1903—Overproduction in Brazil causes Santos 4's to drop to 3.55 cents on the New York Exchange, the lowest price ever recorded for coffee.
— from All About Coffee by William H. Ukers
