At 08:38 4/12/98 -0800, Michael P. wrote: >I question whether the efficiency wage is a fad. The idea has origins that >predate Lester. During the 1920s, a period which Jim knows very well, the >"economy of high wages" was considered to be mainstream. We can also date >such thought back to Adam Smith. ________ Could you elaborate on the Smith story please. Cheers, ajit sinha
