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The general, same, as well as a parity between expenses for the fixed quantityWork and the price for the fixed quantity of a product - though, when to us
It is necessary to deal with "open system", changes of the prices for the important raw materials
Can infringe even this simple relation. However when it is necessary to accept in
Account of change in technical knowledge, problem it becomes ready more
The difficult. If to take an extreme case it is obvious that if progress in knowledge
Will allow us at the same equipment and the same other expenses to make on
20 % more than before the nearest effect will appear it is very similar to result
Rises in price for consumer goods. While it occurs separately, it
Does not cause special complexities. But when technical progress goes in a combination
With change of the prices, there is a problem for which it is difficult to find the practical
The decision. To evaluate significance of any change of the prices, an event Together with shift in technology, to us followed know, what price The parity "corresponds" now to a former price parity, that is What parity between costs on a labour and a price of goods will make Now investments no more and not less attractive, than former Parity between them. At present I cannot offer any exit From this difficulty.
The chapter XII. Economic conditions of interstate federalism
It is reprinted from New Commonwealth Quarterly, V, No. 2 (September, 1939), the river
131 - 49.
One of the largest advantages of interstate federation by right
It is considered that it will eliminate obstacles in a way of movement of people, the goods and
The capital between the states also will make possible creation of the general norms the rights,
Uniform monetary system and the general control over communication media. Hardly
It is possible to overestimate material benefits from creation of so big economic
Zones. Apparently, it is considered also self-evident that economic And political the unions would be natural for combining. However as here
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