----------------- HES POSTING ----------------- Both Carl Menger and Alan Young discuss Adam Smith's thesis on economic progress. Menger, Carl (1981). Principles of Economics. Translated by James Dingwall and Bert Hoselitz. New York: New York University Press. (Originally published in German in 1871) Young, Allyn A., "Increasing Returns and Economic Progress," Economic Journal, December, 1928. Pat Gunning American University of Sharjah ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]