Business: Over-Production

"America has already given us that perfection of methods of production. . . . Now we have reached a point where we dare hope . . . that American genius may be able to devise a definite formula which will allow this world to establish a more lasting and satisfactory balance between manufacturer and consumer. . . . For this last problem, as I see it, is the most important practical issue that faces the people of the year 1930." So last fortnight wrote Albert Einstein in a statement for the U. S. Press....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!