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From quantity of the efforts devoted to current production, in the sense that
Between them there is a stable relation (115). Besides, they allow us
To introduce the form of functions of an aggregate supply which embody the physical
Conditions of the offer for various kinds of products, i.e. Volume of employment,
Which will be in the production corresponding to any given level
The effective demand measured in units of wages. At last, they
Give us function of the offer of work (or efforts) and by that they speak to us
inter alia *, in what point function of employment (116) for work as a whole
Will cease to be elastic.
However the schedule of a marginal efficiency of the capital depends partially from
The set factors and partially from the expected income of various kinds
Capital assets. From its part the norm of percent depends partially from
Liquidity preference conditions (i.e. Liquidity functions) and partially from
The quantity of money measured in units of wages. Thus, we
We can sometimes consider ours completely independent variables as
Consisting from: 1) three fundamental psychological factors, namely
Psychological propensity to consumption, psychological perception
Liquidity and the psychological assumption of the future income of the capital
Assets; 2) units of the wages defined by agreements on the sizes
Wages between employers both employed, and 3) quantities of money,
Which is defined by central bank actions. Thus, if we
Let's take as set the factors resulted above, these variables
Define the national income (or the dividend) and the size of employment. But these
The last can be in turn subjected the further decomposition and not
Are, so to say, our final elementary independent
Division of defining factors of economic system into two groups -
The set factors and independent variables, certainly, absolutely
Any way from any absolute point of view. Division should be made
Entirely on the basis of experience so that it corresponded, from one - party,
To the factors which changes are represented such slow or so
Unimportant that have weak and rather hardly noticeable
Short-term influence on ours quaesiturn *, and, on the other hand, that
To the factors which changes in practice render as believe, decisive
Influence on ours quaesiturn. Our purpose in this case consists in, that
To find out, than the national income is defined during each given moment
Concrete economic system and (that almost same) the size of employment
In it. In so difficult area of researches, as an economic theory, in
Which we cannot hope for very exact generalisations, it will be factors,
Which changes mainly define ours quaesitum. Our final
Problem is the choice of those variables which can be under
The conscious control or management of the central power in that real
To system in which we live.
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