In twenty-three original essays this book reviews the course of labor economics over the more than two centuries since the publication of Adam Smith's Wealth of Nations. It fully examines the contending theories, changing environmental contexts, evolving issues, and varied policies affecting labor's participation in the economy.

While the intellectual framework of the book looks partly to the past--explaining the labor factor in classical and neoclassical systems--its emphasis is on contemporary problems that will figure prominently in future developments, such as the operation of internal labor markets, dispute resolution, concession bargaining, equal employment opportunity, and individual labor contracting.

Clark Kerr is President Emeritus and former Chancellor and Professor Emeritus at the University of California, Berkeley. He is the former Chair of the Carnegie Commission (and later Council) on Higher Education, and the former Chair and Director of the National Commission on Strengthening Presidential Leadership under the auspices of the Association of Governing Boards of Universities and Colleges.

Paul D. Staudohar is Professor of Business Administration at California State University at Hayward.

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• The Uses of the University, 5th Edition