The Theory of Idle Resources (W. H. Hutt)
- Highlight Loc. 2142-47 | Added on Monday, August 22, 2011, 01:54 AM
We are, however, justified in claiming that we have dealt with the “causes” of idleness. For whatever the demand schedule for the services of particular resources may be, if those resources are idle, then one or more of the causes appropriate to the different types of idleness that we have distinguished must be present. The movement of individual demand schedules is certainly relevant because the extent of the various kinds of idleness in the particular resources concerned will frequently tend in practice to vary inversely with such movements. But in respect of each type of idleness, considered in isolation, the removal of the one specific cause will lead to the complete cessation of the unemployment of the type in question, irrespective of the state of the demand schedule.
- Highlight Loc. 2142-47 | Added on Monday, August 22, 2011, 01:54 AM
We are, however, justified in claiming that we have dealt with the “causes” of idleness. For whatever the demand schedule for the services of particular resources may be, if those resources are idle, then one or more of the causes appropriate to the different types of idleness that we have distinguished must be present. The movement of individual demand schedules is certainly relevant because the extent of the various kinds of idleness in the particular resources concerned will frequently tend in practice to vary inversely with such movements. But in respect of each type of idleness, considered in isolation, the removal of the one specific cause will lead to the complete cessation of the unemployment of the type in question, irrespective of the state of the demand schedule.
