Peter Townsend, RIP.



Martin Bailey mbailey at netsoltek.co.uk
Wed Jun 10 12:20:27 UTC 2009


RELAX.  (Sorry if I scared anyone.)


But this gave me a shock:

http://en.wikipedia.org/wiki/Deaths_in_2009


Scroll down to the entry for 7th June:

	- "Peter Townsend, 81, British sociologist, pneumonia."



Gasp!  Scared me for about half a second, at least.  Wrong spelling.  Wrong age (just).  Wrong occupation.


More about the late Peter Brereton Townsend (6 April 1928 - 7 June 2009) at:

	http://en.wikipedia.org/wiki/Peter_Townsend_(sociologist)


Apparently: "Townsend inefficiency is a possible property of monetary exchange...  In other words, a worker may only be looking at his paycheck instead of the amount of labour he promises to perform to get that paycheck. This sets up an inefficiency in the monetary exchange."

-MB










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