The Conflict Between Equilibrium and Disequilibrium Theories

The Case of the U.S. Labor Market

A fundamental controversy in labor economics is whether unemployment is better viewed as an equilibrium or disequilibrium phenomenon. The authors contend that answers to policy problems related to unemployment will depend on which of the two characterizations of the labor market is accepted. They note the effects of inflation, taxes, and unionization on unemployment and describe those factors' effects on the equilibrium/disequilibrium question by presenting both equilibrium and disequilibrium models of the U.S. labor market.

"This book should be required reading for all graduate students in labor economics and for their teachers." ILR Review

125 pp. 1988
$13 paper ISBN 0-88099-060-0 / ISBN-13 978-0-88099-060-8.

Binding Choice

Paper $13.00

Are we shipping to a business or home?

Business Home

If it is a business, please enter the company name in the "Billing Address Line 2" space when you reach the billing information page and include your business telephone number instead of your home phone number. Thank you.

Note: You may select how many copies of each title you'd like to purchase at the next screen.