Secular Unemployment

J. Marcus Fleming

The Quarterly Journal of Economics, 1939, vol. 54, issue 1_Part_1, 103-130

Abstract: Tendency to long-run unemployment and the factors which determine its amount, 103. — Proposed remedies: wage reduction, 109; credit expansion, 113; deficit financing, 114. — Different types of deficit financing: current consumption, 116; tax reduction and subsidies in favor of consumers' goods, 116; public investment, 118; reduced taxation or subsidies in favor of investment goods, 118; tax reduction or bounties to individuals, 120; public disbursements to property owners, 121; remission of taxation on, or subsidization of, property, 123. — Financing the deficit: the increasing public debt, 124; ways out of the dilemma, 125. — Balanced budget policy, 126. — Fancy remedies: taxation of saving, 127; taxation of money balances, 128. — Conclusion, 130.

Date: 1939
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