Unemployment in Planned and Capitalist Economies

Alfred R. Oxenfeldt and Ernest van den Haag

The Quarterly Journal of Economics, 1954, vol. 68, issue 1, 43-60

Abstract: I. The problem, 43. — II. Capitalist countries tend to favor the deflationary risk; planned economies lean towards inflation, 44. — III. Deflationary unemployment and its cures, 46; depression in capitalist economies, 46; monetary depression in planned economies, 47; real depression in planned economies, 49. — IV. Inflation and employment in capitalist and planned economies, 51; inflation in capitalist economies, 51; monetary inflation in planned economies, 52; real inflation in planned economies, 53. — V. Conclusions, 59.

Date: 1954
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