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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
"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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