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Justice, from the point of view of economic feasibility, and To finish this decrease it would be possible, possibly, only as a result Ruinous and desperate struggle, in which what item at the conclusionLabour agreements it has appeared the weakest, would suffer more only. With other
The parties, change in quantity of money already and now under force to the majority
The governments which can carry out it by means of the monetary
Open market operations or other similar measures. Having taken into consideration
Properties of a human nature, and also character of our institutes, only The fool would prefer a policy of flexible wages of the flexible monetary
To the politician if he could not indicate such advantages of the first, with which not
The second would have. Besides, with other things being equal a method, which
It is rather easier to apply, it is necessary to recognise more preferable,
Rather than a method which, possibly, is connected with such difficulties that
It is almost impracticable.
2. If monetary wages not elastic, occurring in the prices Changes (except changes "administered" or monopoly prices, Defined and other factors, besides incremental costs) will be in The core are connected with falling - in process of output growth on The existing equipment - a marginal efficiency of this equipment. Thus, wage labour will not be delivered, how much it in general Probably, in unprofitable position in comparison with factors, which Corresponding contracts guarantee the fixed monetary
Compensation, in particular in comparison with a class of the investor and workers with
The stated salary, consisting in constant staff of firms, establishments or in
Machinery of state.
As the maximum classes of company always obtain reward, Fixed in money, requests of social justice and Social expediency of all will be more satisfied when Compensation of all factors will be to a certain extent not elastic in
Term of money. Having taken into consideration availability of the big groups rather
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