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Secular Unemployment

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  • J. Marcus Fleming

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.

Suggested Citation

  • J. Marcus Fleming, 1939. "Secular Unemployment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 54(1_Part_1), pages 103-130.
    • Handle: RePEc:oup:qjecon:v:54:y:1939:i:1_part_1:p:103-130.
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    File URL: http://hdl.handle.net/10.1093/qje/54.1_Part_1.103
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