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Could assume, as if it managed to create the unemployment theory, where in any wayChanges in the sizes of investments are considered (i.e. Employment changes in
The branches making acquired not on wages the goods), if They are caused not by change of function of the offer of work, and, say, Changes or norms of percent, or a reliance condition.
The book name "the unemployment Theory" therefore is not absolutely correct. In
The validity the book of prof. Pigu does not mention this theme. It is devoted
To problem what employment volume will be at the given function of the offer of work,
When full employment conditions are satisfied. Appointment entered by it Concepts "elasticity of real demand for work as a whole" consists in, that To show, how much increases or decreases according to that or
Other shift of function of the offer of work a full employment. Or, maybe, with
Still the big right we can consider its book as distracted from The causal analysis research of functional interdependence, Defining a subsistence level corresponding to some given To occupation level. But this book cannot answer a question, than is defined Actual occupation level, and it has no direct relation to a problem Involuntary unemployment.
If prof. Pigu began to deny involuntary unemployment possibility in
That sense as I have defined it above - that it, perhaps, and would make - that
To all the same difficultly itself to present, what application its analysis could have.
The blank admitted by it in finding-out of that, than is defined communication between it and
At, i.e. between employment in the branches making acquired on Wages the goods, and employment in "other branches", remains Fatal, despite of everything.
Prof. Pigu agrees that within a known interval the hired Work actually often requires not so not certain real wage Payments, and certain monetary wages. But in this case function Work offers depends not only from F ((x), but also and on a money price The goods acquired on wages. Then the previous analysis
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