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The given environmental conditions between total number taken and number of what

Should be taken in the branches making the goods, acquired on Wages to supply all hired workers with subjects Consumption, and (2) conditions of a limit of efficiency in branches, Making the goods acquired on wages. And still in it. V it

"Unemployment theories to" fluctuations "real demand for work" the important is taken away

Place. "Real demand for work" is considered as the factor, which in

Short-term aspect it is subject to serious fluctuations (the decree. It., it. V, it.

VI-XII), and as if the thought that an industrial cycle basically is conducted

It is caused by fluctuations "real demand for work" in a combination with Inability of a policy of wages sensitively to react to these changes.

At first sight it will seem to the reader reasonable and already familiar. If

The reader will not recollect features of definition of the author, expression

"Fluctuations in real demand for work" will not be in its submission especially

To differ from that I mean under "fluctuations in a condition Aggregate demand ". But if to take into consideration definition of the real Demand for work all reasoning of the author becomes perfect The improbable. Actually it appears that on light there is nothing Less subject to swings over in short-term aspect, than this The factor.

"Real demand for work" prof. Pigu depends, by its definition, only From F (x), representing physical conditions in the branches manufacturing The goods acquired on wages, and from ((x), representing

Functional dependence between employment in the same branches and the general

Employment at its any given level. It is difficult to imagine, why though One of these functions should vary differently, than gradually, on Extent of the long period of time. It is absolutely not visible any The bases why these functions could fluctuate during the industrial Cycle. F (x) it can be changed only slowly and besides in technically Progressing company only in a lifting direction, and ((x) will be To remain stable if only at workers of classes will not clear up Suddenly the spirit of thrift, or, in other words, will not occur the sudden

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