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The equations x+y = ({and n=X (x).But here three unknown persons and only two equations. Apparently, it bypasses
This difficulty, assuming that it = it + at. And it, naturally, equivalently
To assumption that the involuntary unemployment in strict sense of a word does not happen, it.
- . What is the hired workers who agree to work for the existing Real wages, are actually taken. In this case it has
The size, satisfying to the equation and consequently if we have found that it is equal,
Let's tell, n1 at it should be equal X (n1) - n1, and the general employment should
To be equal X (n1)
It is necessary to be delayed and find out for an instant that it means all. And it
Means that if function of the offer of work, so that it is changed The number of hired workers agrees to work for the existing real Wages (and consequently significance it, satisfying to the equation ({) =X (x), there is now a size n1+dn1), demand for production "Other" branches should be such, that employment in these branches Has increased just on size at which equality will be saved between ({n1 + dn1) and X (n1+dn1). Other unique way of change of the general Employment is such updating of propensity to purchase of the goods, Acquired on wages, and accordingly "the other" goods, when The increase at is accompanied still by the big reduction it.
The assumption of that it = it + at, of course, means that wage labour Always in a condition itself to define the own real wage Payment. Thus, an assumption that wage labour in a condition to define Own real wages, means that demand for production The branches manufacturing the goods, acquired not on wages, Is subject to the above-stated laws. In other words, it is supposed it that The norm of percent always adapts to the schedule of a marginal efficiency The capital so that to support a full employment. Without it Assumptions the analysis of prof. Pigu falls and does not remain any method
To define, what employment volume will be. It is really strange that prof. Pigu
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