244 THE GENERAL THEORY OF EMPLOYMENT bk. iv

satisfy one or other of the above conditions; and itinvestigates what laws will govern the application andrewards of the community’s productive resources sub-ject to this assumption. With this limitation in force,the volume of output depends solely on the assumedconstant level of employment in conjunction with thecurrent equipment and technique; and we are safelyensconced in a Ricardian world.