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To explain both one, and other State of affairs. The scientific theory cannotTo demand from the facts that they adapted to its own To assumptions.
When prof. Pigu closely approaches to finding-out of effect from lowering Monetary wages, it besides, in my opinion, enters obviously It is not enough data that it was possible to receive the certain answer. It Starts from that rejects position (the decree. It., with. 101) that If limiting primary production costs are equal to limiting costs On wages, at lowering of monetary wages incomes of the other Factors incomes of the hired will vary in the same proportion, as For the reason, that this position is valid workers only under a condition
Suppositions about an invariable occupation level. But after all this question and
It is necessary to clarify. However on the following page (the decree. It., with. 102) it
Commits the same error, assuming that "from the very beginning of nothing
There was to the monetary income of other factors ", but it as he it is correct
Has shown, is valid only in the event that the employment size does not remain
Invariable, - namely it also it is necessary to clarify. Actually any
The answer is not possible, while to already available we will not add the additional data.
How an assumption, according to which wage labour actually Demands certain monetary, instead of real wages (under a condition, That the real wages do not fall below a known minimum), influence on
All course of the analysis, it is visible from this that in this case loses force another
Assumption on which it the number of hired workers will agree to work Not otherwise, as for the raised real wages, i.e. An assumption, Which underlies almost all argument of prof. Pigu. For example, the prof.
- rejects (the decree. It., with. 75) the theory of the animator, proceeding from that,
That the rate of real wages is given, i.e. That it is available already The full employment also that the additional labour, concordant to work for Lower real wages, no. At such assumption its output,
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