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Re: Innovation (was Of Coase)



Another material basis might be, where the employment contracts of higher
executives are based, in part or as a whole, on performance, and this
performance may be evaluated according to the ability of the executive to
solve new problems which arise in the conduct of business. Therefore, the
executive might be placed in a situation of, "innovate or lose your pay and
later your job"".

What was it that Marx said about piece wages again ?

J.



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