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Certainly, it is correct. But in this place of prof. Pigu criticises the offer,
Concerning sphere of a practical policy. And meanwhile this assumption
Extremely far from reality; while
Statistically registered unemployment in Great Britain has exceeded 2
Million people, i.e. When there is 2 million the people, wishing to work for
Existing monetary wages, hardly cost-of-living growth on
To the relation to the monetary wages, whatever it was moderated, has caused
Care from a labour market it numbers of people, than these 2 million people
It is important to underline that all book of prof. Pigu is written proceeding from an assumption,
What is the life appreciation in relation to monetary wage
To the payment, whatever it was moderated, will cause care from a labour market it
Numbers of hired workers, than all cash number of the unemployed.
Besides, prof. Pigu does not notice that put forward by it in this place
(The decree. It., with. 75) arguments against the "secondary" employment arising in
Result of public works, appear owing to the same assumptions equally
Fatal as well for the growth of "primary" employment following from same
The policy. If the rate of real wages in branches,
Making the goods acquired on wages, it is given, any
The employment increase in general is impossible differently, as at the expense of reduction
Consumption of these goods by the persons living on unearned incomes. New
Workers in sphere of primary employment will increase, possibly, consumption
The goods acquired on wages that will reduce the real wage
Payment also will result (under the assumption of the author) in care of a part of wage labour,
Before taken in "other" branches. However prof. Pigu, obviously, supposes
Possibility of growth of primary employment. Border between primary and secondary
Employment is, apparently, that psychological critical line, for
Which the common sense of the author ceases to get the best of its defective theory.
The distinction of the conclusions following from mentioned above distinctions in assumptions and in
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