Author Type

Graduate Student

Date of Award

1977

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Thesis/Dissertation Advisor [Chair]

Stronge, William B.

Abstract

In this thesis the literature of disequilibrium macroeconomic theory was reviewed and the empirical relevance of the Keynesian interpretation of the labor demand function was examined and contrasted to the disequilibrium interpretation of Barro and Grossman, Patinkin's disequilibrium theory of the labor market and Clower's partial disequilibrium analysis of the commodity market were examined in depth. The bulk of the literature review was devoted to the general disequilibrium model of income and employment determination developed by Barro and Grossman. Barra and Grossman's criticism of Keynes for predicting a negatively sloped labor demand function was analyzed using regression analysis to estimate the function. Barro and Grossman's criticism was found to be based on insufficient evidence, and evidence presented in this thesis supported the Keynesian position.

Extent

102 p.

Comments

College of Business|Thesis (M.A.)--Florida Atlantic University, 1977.|FAU Electronic Theses and Dissertations Collection|College of Business

Identifier

FADT13882

Format

pdf

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