Social and Behavioral Sciences Commons^™

An Evaluation Of The Dichotomy Between Structural Versus Deficient-Demand Unemployment, Carl D. Parker

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

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 …