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The article focuses on the participation of businessmen in the higher echelons of the United States government. Their participation in the higher echelons of the United States government has been receiving much notice in recent years. During the 1952 Presidential campaign Dwight D. Eisenhower promised to bring to the costly operations of government to the help of business and professional examiners who can speak for the Chief Executive with expert knowledge. This he has proceeded to do in the almost pathetic belief that the Executive branch of the government can be run along the neat organizational lines of a modern corporation, with himself as chairman of the board. At the same time, systematic investigation of the participation of businessmen in government has led to questions about the effects of this trend. It is the purpose of this paper to show how these questions may be answered, in part, by examining the participation of businessmen in posts connected with the conduct of foreign relations. First it will be shown to what extent the proportion of businessmen in these posts has increased under the Eisenhower administration. Second, this change will be examined in terms of its implications for the conduct of foreign relations.

In Australia most manufacturing firms are force to make at least two kinds of location decisions, one involving the merits of the six capital cities, and the other based on variables operating inside the metropolitan areas. This paper is concerned with the behavior of the individual manufacturing firm when making the letter decision; empirical data have been obtained from three case study areas in Sydney. There is purposeful economic behavior by firms in locating, the most important influences being closeness to product market and the cost of land. The spatial effect is an arrangement of manufacturers strongly oriented to the CBD and to centrally located transport terminals. In a theoretical context, the neglect of rent considerations is a serious weakness in traditional manufacturing locating theory. The growing ability of firms to substitute among production factors also has important locational effects.

The Revenue Act of 1954 permitted entrepreneurs for the first time to make use of the double declining balance (DDB) and sum of the year's digits (SYD) methods of depreciation in place of the customary straight line method (SL). The tax advantages from using such methods are well known.(n1) In spite of these advantages, however, the accelerated methods in many cases appear to have been adopted only slowly over the years. Clearly any attempt to determine the effect on investment of such provisions must rely on knowledge of the extent of their use. Unfortunately there is no direct information available, nor do estimates exist, for the two-digit manufacturing industries on the fraction of investment in each year since 1954 written off by accelerated methods. In this paper an attempt is made simultaneously to estimate such figures on an annual basis and to fit a learning curve to them.(n2) [ABSTRACT FROM AUTHOR]