Michael,
do you mean the exended quotation that appears in the very beginnig of the
book? I just reread it - it seems to be good description, but it offers little
explanation.How does it cover bargaining power and social conrol?
Carrol - the farm worker "paradox" is the fact that those who produce the
essentials of life have the smallest incomes. There is no "paradox" when we
compare capitalists and workers. But when we compare workers of different
social layers, in different positions of authority, and in different industries
the explanation is more complicated. Why do the farmers and garbage collectors
earn so little when social life would collapse without their labor? I say this
is due mainly to bargaining power and social control.
Does anyone have clearer or more elegant solutions?
"Perelman, Michael" <[EMAIL PROTECTED]> wrote:
Smith did not use that term, but he lectured about his subject, but
caught himself
when he saw the implications of his thought, then returned the next day
to introduce
the marvelous division of labor which brought markets to perfection.
Smith's
truncated discussion would cover 2 & 3.
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