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The article reviews the book "Trends and Cycles in the Commercial Paper Market," by Richard T. Selden.

The article reviews the book "The Commercial Paper Market," by Nevins D. Baxter.

In focusing upon the band/crawl proposals, The Burgenstock Papers makes a serious and important contribution to discussions of changing the international monetary system. The only viable alternative to a widened band and crawl (assuming flexible rates will not be adopted) is probably to have fixed exchange rates within major currency areas and flexible rates between them. Under this proposal, the Common Market countries would probably have fixed exchange rates between themselves, but a floating rate versus the dollar. There might also be a pound-based group, a yen-based group, and so on. Each country could then decide for itself whether to float its rate, or to which currency group to tie its rate. [ABSTRACT FROM AUTHOR]

This article presents a review of the book "Value, Capital and Growth: Papers in Honour of Sir John Hicks," edited by J.N. Wolfe.

This collection of papers results from a conference on Research in Income and Wealth, under the auspices of the National Bureau of Economic Research, held at the University of Pennsylvania in 1967. The primary concern lies with the measurement and explanation of differences in the wealth and incomes of various entities. The definitions and procedures are unique and suggest the rather diverse framework that must accompany such an undertaking. The first two papers are devoted to the distribution of wealth, and the remaining four pertain for the most part to income. Comments are offered on each paper. [ABSTRACT FROM AUTHOR]

The papers in this compendium are arranged under five topical headings: program appraisal and management, manpower and education, income maintenance, health, and housing and the "quality of man's environment." The last phrase is a synonym for air and water pollution. With that addendum, the topical headings accurately convey the scope of the two volumes. As they suggest, the scope is extremely wide. [ABSTRACT FROM AUTHOR]

According to its preface, this book is the outgrowth of a symposium concerning methodology in finance and investments held at Rutgers University in May 1971. It consists of eleven separate papers, varying in length from 16 to 53 pages, and covering a variety of topics grouped into five categories. A good introduction sets forth the main points of each paper. As indicated by the editor, the primary objective of the book is to contribute to the "knowledge, awareness, or understanding of" (1) methodological foundations common to finance, investments, and other fields of inquiry; (2) the essential nature of the postulates of normative behavior in finance and investments; and (3) the continuing "explosion of knowledge about the structure of the finance world." After commenting briefly on each paper, we consider the relationship between the book's purpose and its contents. [ABSTRACT FROM AUTHOR]

Reviews the book "Longman Papers on Social Work. Social Work in Adoption: Collected Papers," edited by Robert Tod.

Reviews the book 'Value, Capital, and Growth: Papers in Honour of Sir John Hicks,' edited by J.N. Wolfe.

Reviews the book "Paper Making in the British Isles: An Historical and Geographical Study," by A.H. Shorter.

This article reviews the book "Trade, Balance of Payments, and Growth, Papers in International Economics in Honor of Charles P. Kindleberger," edited by J.N. Bhagwati and R.W. Jones.

Reviews three books on psychology. "Collected Papers in Psychology," by Edward C. Tolman; "Social Work Education in the United States," by Ernest V. Hollis, Alice L. Taylor; "Psychological Diagnosis and Counseling of the Adult Blind," edited by W. Donahue and D. Dabelstein.

Reviews the book 'Experiences in Groups and Other Papers,' by W. R. Bion.

Reviews the book 'Collected Papers. Through Paediatrics to Psycho-Analysis,' by D.W. Winnicott.

Reviews the book "Indications for Child Analysis and Other Papers," by Anna Freud.

Essays in International Economics contains eleven of Fleming's previously published papers, and two hitherto unpublished ones. Many of the papers will already be familiar to academic economists: several constitute classics in the field. The Essays are grouped into three categories: trade restrictions and welfare; international monetary reform; and balance of payments policy and the adjustment process. Despite the fact that the arrangement within each group is chronological, the three subjects also correspond closely to the chronological order in which various issues in international economics have emerged since World War II. Thus, the first three papers are concerned with ways in which welfare can be maximized when trade restrictions and exchange control must be accepted as givens. The first paper, "On Making the Best of Balance-of-Payments Restrictions," focusses upon ways in which one could approach optimality given that some currencies are "stronger" than others, and that quantitative restrictions must therefore result. As an early attempt to deal with a "second-best" problem, the paper is of considerable interest. The second paper--"The Optimal Tariff from an International Standpoint"--concerns the ways in which poor countries could use their monopoly power in trade to enhance international welfare if the world welfare function attaches greater weights to improvements in real income in poor countries than in rich. Despite the fact that the developing countries generally impose duties upon imports, in which their monopoly power is probably zero, rather than taxing exports where some monopoly power does exist, the result is of some theoretical importance. The final paper of the first section, published in 1956, focusses upon estimating the real income loss associated with trade restrictions. [ABSTRACT FROM AUTHOR]

The article reviews the book "The Paper Industry," by Josephine Perry.

Reviews the books 'Psychosomatic Research,' by J.J. Groen and 'Assent From Chaos: A Psychosomatic Case Study,' by Peter E. Sifneos.

The article reviews the book "From Trees to Paper," by Henry B. Lent.

Reviews the book 'Eleventh Technical Meeting. Papers and Proceedings,' vol. 1, 'First and Second Sessions: Commission on Ecology and vol. 2, 'Third Session: Survival Service Commission.'

Reviews the book "Man and Time: Papers From the Eranos Yearbooks," edited by Joseph Campbell.

This book about less-developed regions, is a supplementary volume to the Journal of Industrial Economics. It is edited by Professor Thomas Wilson. The nine papers, by ten authors, range widely. Mr.R.Garnsey records the experience of Courtaulds in a viscose filament factory established in 1950 in Northern Ireland. Three papers are devoted to regional problems and policies. One, by Mr.G. Humphrys, deals with South Wales; a second, by Mr.P.J.Bowden, is concerned with the North East of England; and the third, by Professor W.J.L. Ryan and Mr.M.O'Donoghue, is devoted to the Republic of Ireland. There follow two comparative studies--one of regional planning in France by Mr.M.C.MacLennan, and the other of planning in the Atlantic Provinces of Canada by Dr.A.C.Parks. The three remaining papers discuss matters which are both relevant and important for regional planning in the United Kingdom. [ABSTRACT FROM AUTHOR]

Reviews the book "Alternatives to Paper and Pencil Testing: Proceedings of a Conference," by William C. Byham and Donna Bobin.

Reviews the book 'The Commercial Paper Market,' by Nevins D. Baxter.

This book contains a collection of papers presented at a Monash University Conference in September 1969. There was no unifying theme to the Conference, except for being in the field of international economics, broadly conceived. Therefore, the papers range over various aspects of international trade and finance. They include contributions in the area of trade theory (Corden, Grubel, Johnson, Laing, McDougan), various treatments of tariffs and preferences (Evans, Gruen and Corden, Lloyd), considerations of international capital movements and the international corporation (Johnson, Webb, Snape, Pitchford), and a paper on the international monetary system (Johnson). Methodologically, the contributions range from abstract theory to applied economics to consideration of current policy issues. Under the first category fall the paper by McDougall on non-traded goods in international trade; Pitchford on foreign investments and the national advantage in a dynamic context; Webb on international capital movement and the optimum taxation of capital flows. The second category includes among others the paper by Lloyd on the Australian preference scheme (subsequently extended in a follow-up paper in the Economic Records of March 1971), while under the third heading belongs the paper by Johnson on the current international monetary "crisis." These examples illustrate the diversity of topics covered in the book; diversity which defies a comprehensive review of its contents. The following discussion concentrates on the papers thought to be of interest to the readers of the Journal. [ABSTRACT FROM AUTHOR]

Reviews the book "Selected Papers in Phycology," edited by J.R. Rosowski and B.C. Parker.

The article reviews the book "Play With Paper," by Thea Bank-Jensen.

Reviews two books. "Our Changing Rural Society: Perspectives and Trends," edited by J.H. Copp; "Projection Papers: Orientations for Rural Sociological Research and Action," by J.H. Copp.

Reviews the book "Papers on Absenteeism," by K.N. Vaid.

Reviews the book "Mental Retardation: Occasional Papers 2, 3 & 4," by K.S. Holt, Sheila Hewett, Elspeth Stephens and Jean Robertson.

Reviews the book "Language and Thought in Schizophrenia," by J.S. Kasanin.

Reviews the book 'Frontiers of Quantitative Economics,' edited by Michael D. Intriligator.

This volume reports the proceedings of a conference sponsored by the Federal Reserve Bank of Boston in September 1972. This is the ninth such conference since June 1969 and the fourth in the area of monetary policy. As the title indicates, this is the second conference on the problem of controlling monetary aggregates, accurately reflecting both the magnitude of the importance and the continuity of the interest of the subject. The other volumes in the series include financial structure, international finance, and state and local finance. On the whole, the conferences encompassed high class, well prepared papers presented by respected authorities in the respective areas. The volumes deserve space on every monetary analyst's bookshelf and should receive considerable reference use. It would be difficult to praise the Federal Reserve Bank of Boston too highly for this service they provide the public at large, the financial community, and the academic community, and of course to themselves and the rest of the Federal Reserve System in opening controversial subject areas to free debate. Of all the public information and research funds expended by the Federal Reserve System, these conferences and the publication of the proceedings must rank among the most worthwhile and those generating the highest returns. May this series have a long and healthy life! [ABSTRACT FROM AUTHOR]

This attractively thin book contains 17 papers by 14 internationally known economists on the spectrum of problems involved in restoring and maintaining balance in international payments within the constraint of the Bretton Woods philosophy of fixed exchange rates. Comprehensive essays by Fellner, Machlup, and Triffin comprise Part I and serve as an introduction to the broad nature and complexities of payments problems and policies for dealing with them. At the same time, Part I establishes a framework against which specific aspects and technical problems of payments imbalance are examined in more detail in the 14 shorter "Papers on Special Issues" which make up Part II. According to Machlup, the underlying purpose of the symposium is to provide a set of basic criteria by which countries can assess their responsibilities for action with regards to balance-of-payments difficulties. [ABSTRACT FROM AUTHOR]

This volume contains the proceedings of a Conference on Models of Income Deterruination held in February 1962 at Chapel Hill, North Carolina. The papers were prepared by economists and statisticians interested in the theory of income determination, its measurement, and in using income data to construct and test macroeconomic models. It is Volume 28 of the Studies in Income and Wealth by the Conference on Research in Income and Wealth of the National Bureau of Economic Research. [ABSTRACT FROM AUTHOR]

The article reviews the book "The Golden Paper Dolls," by Hilda Miloche and Wilma Kane.

Reviews the book 'Correspondence of Leon Walras and Related Papers,' edited by William Jaffe.

This book contains 44 papers, about two-thirds of which first appeared in print since the beginning of 1961. About half of the papers deal with policy questions. Six papers use graphical analysis, five use some form of mathematical analysis (other than notation), and five use some form of regression analysis. The objective of the collection is stated to be "to introduce undergraduates ... to the type of work which is done by macroeconomists." This reviewer will therefore consider the collection from a pedagogical point of view, rather than in terms of the merits of the papers, most of which are recognized as standard references. [ABSTRACT FROM AUTHOR]

Reviews the book "Mathematical Methods in Investment and Finance," edited by G.P. Szego and Karl Shell.

The article reviews the book "The Magic of Paper," by Walter Buehr.

Reviews the book "Papers From the Criminologist," edited by Nigel Morland.

Reviews the book "The Collected Papers of Paul Ehrlich," edited by F. Himmelweit.

Reviews the book "Fodder Plant Seed Production: Papers and Discussion Contributions Presented at the 4th Leipzig Grassland Symposium, 17-19 March 1966."

Papers presented before a seminar on the international (multinational) corporation at the Massachusetts Institute of Technology in the spring of 1969, later edited by Charles P. Kindleberger, are now available in The International Corporation. The book is divided into five main parts: the theory of the international corporation; finance and technology; law and politics; three industry studies; and three country studies. There are, in addition, an introduction by Kindleberger and a final paper (Part VI) by Raymond Vernon, "Future of the Multinational Enterprise." Robert Aliber's "A Theory of Direct Foreign Investment," "The Efficiency and Welfare Implications of the International Corporation" by Harry Johnson, and a paper "Multinational Corporations and International Oligopoly: The Non-American Challenge" by Stephen Hymer and Robert Rowthorn make up the first part. Aliber argues that the pattern of direct foreign investment can best be explained as a currency-area phenomenon, that market estimates of exchange risk are biased, and that this bias determines whether a country is likely to be a host or source country for foreign investment. Cross investments in the same industry are explained by historic changes in exchange risk. Aliber's thesis differs from other explanations of such investment which usually emphasize technological or organizational advantage, firm size, or market protection. In Johnson's view, for example, direct foreign investment--particularly recent investment by large American firms--is based on exploitation of technological monopoly. Johnson mentions terms-of-trade and terms-of-borrowing (i.e., first-best) arguments for intervention to restrict direct foreign investment, but concentrates on the more common second-best reasons. He concludes that the application of even second-best criteria is likely, for practical reasons, to have third-best welfare consequences. [ABSTRACT FROM AUTHOR]

The article reviews the book "Stabilization Policies in Interdependent Economies," edited by Emil Claassen and Pascal Salin.

Reviews the book "Inter-American Education Occasional Papers V, VI, and VII."

Reviews the book "Papers of the General Council of the International Workingmen's Association, New York, 1872-1876," edited by Samuel Bernstein.

Reviews the book "Rural Sociology in a Changing Urbanized Society: Background Papers for a 1964 Illinois Seminar," edited by Harvey J. Schweitzer.

Reviews the book "Approaches to Greater Flexibility of Exchange Rates: The Bürgenstock Papers," edited by George N. Halm.