Date of Award:

5-1967

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Department name when degree awarded

Economics

Committee Chair(s)

Glenn F. Marston

Committee

Glenn F. Marston

Committee

Evan B. Murray

Committee

R. Durtschi

Committee

C. A. Hofman

Abstract

This thesis is addressed to the theoretical controversy which revolves around the explanation of the higher unemployment rates that prevailed after 1957. The debate that has been generated concerning the causes of this unemployment problem is usually referred to as the "structural" versus "deficient-demand" debate. An attempt is made to present a representative view of both sides of the debate as well as a critical evaluation of both positions. Care is taken to keep both positions separated for each leads to entirely different policy recommendations. A more general theoretical structure is presented which will be useful in analyzing the relevance of structural unemployment. Finally, the controversy is analyzed in terms of current economic development.

Checksum

f2b22e0f281ec46418b92081903ff11b

Included in

Economics Commons

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