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This section presents abstracts of articles published in the March 1965 issue of the journal Oxford Economic Papers. G. C. Harcourt's article, The Accountant in a Golden Age, examines the accuracy of the accountant's measure of the rate of profit under Golden Age conditions where uncertainty is absent, expectations are fulfilled and the rate of profit has an unambiguous meaning. The accountant's rate of profit is defined as the ratio of accounting profit to the historial-cost value of assets. Four main cases are considered: the accountant's rate of profit in a business with a balanced stock of like machines; a growing stock of like machines; a balanced stock of like machines plus financial assets associated with depreciation allowances not used for replacement expenditures; and a growing stock plus financial assets. K. K. F. Zawadzki's article, Are Open Market Operations Effective?, examines conflicting views of several writers on the modus operandi of open market operations and on their effects on the level of bank deposits. The conclusion drawn from this examination is that open market operations can be effective in reducing the cash base of the banking system and in causing a multiple contraction of bank deposits provided that certain conditions are satisfied.

The article presents various titles and abstracts of research papers related to geography by the Association of American Geographers. Some of papers included are "Problems of Geographic Influence," by Albert Perry Brigham, "Some Geographic Factors Influencing Brazilian Trade," by Walter S. Tower, "Postglacial Migrations of Vegetation in the Middle West," by Henry Allan Gleason, "Bases for Dividing the United States into Physiographic Provinces," by N. M. Fenneman, "The Losses of Nebraska," by G. E. Condra.