age of the available surplus to be Ramaswamy incorrectly state (p 224). Similarly, in stressing the role of wage boards in prescribing wages in different industries, they overlook the important fact that wage boards as wage fixing bodies went out of use in the late sixties and since then most industrial wages are the result of direct employer- union negotiations and agreements. In fact, this development of the seventies is a major one in the context of collective bargaining as well as industrial relations in the country. The Rama- swamys, however, have not touched upon it at all. It is also rather masatis factory that they present statistics only upto the year 1975 although more recent ones were available by the time the book was published in 1981. It should not have been impossible for the statistical series to be updated even while the text was in press.
