[PEN-L:5205] Re: measuring poverty

[lefeber@xxxxxxxxxxxxxxxxxxx]

Smith provides the dividing line in terms of wages that could buy "not
only the commodities which are indispensably necessary for the support of
life, but whatever the custom of the country renders it indecent for
creditable people, even of the lowest order, to be without." (WN, Book V,
Chicago, p. 399.)

Louis Lefeber                             lefeber@xxxxxxxxxxxxxxxxxxx
Department of Economics                   Office: (416) 736-5083
York University, Toronto.                    Fax: (416) 736-5737
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