Date of Award:

1967

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Department name when degree awarded

Economics

Advisor/Chair:

Glenn F. Marston

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.

Included in

Economics Commons

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