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This article presents a discussion of E. M. Bernstein's paper about the financial problems of economic development. Bernstein discusses five facets of this problem: to decrease the size of the development program, to energize the inflow of foreign capital, to encourage domestic savings, to gather together the available resources, and to allocate the resources available to the private sector in a way that will stimulate the greatest increase in production. The author believes that this analysis leaves no room for argument.

Presents abstracts of studies about economic development and trade, presented at a convention in Rome, Italy in September 1965. 'A Factor Analysis of the Interrelationship Between Social and Political Variables and Per Capita GNP,' by Irma Adelman; 'An Almost Consistent Intertemporal Model for India's Fourth and Fifth Plans,' by Joel Bergsman.

The article presents a list of papers presented to the 1963 Conference of the International Association for Research in Income and Wealth. The conference was held during June 23-28, 1963. There were five sessions, which covered topics like national incomes, growth rates, economic growth, etc. Some of the papers were "Rates of Growth in Israel's Economy," by A.L. Gaathon; "A Statistical Evaluation of the Rate of Growth of National Income in Postwar Japan," by M. Shinohara; "Reliability and Usefulness of Short-Term National Accounts: Australia," by Don Youngman; and "New Evidence on Demand Elasticities," by H.S. Houthakker.

This article presents information regarding the problems faced by the developing countries in their course of development. The problems faced by the developing countries of the world are numerous and of critical importance. These problems include those of industrialization and economic development, of changing traditional social institutions such as stratification and power mechanisms so that they facilitate rather than inhibit modernization, and of providing ever-increasing percentages of citizens with an education that teaches the economic and social skills requisite to assuming rewarding roles in a changing society. However, in the array of social and behavioral sciences that have been brought to bear upon the problems of developing countries, social psychology has been noticeably absent. Anthropologists have carried over their interest in traditional societies to include concern with the problems these societies face in the processes of modernization and development, particularly as these processes affect values and institutions such as the family and religion.

The article presents a discussion of the research paper by Simon Kuznets on the difficulty of making an orderly pattern of long-term change and how it lies in the absence of an effective theory or even of a working hypothesis. The paper deals with economic forecasting. The reviewer presents an analogy to gross national product forecasting. Examined is the rise of the gross national product in 1953 and what it is forecasted to be in 1965. Also commented on is the annual capital increase in real Gross National Product.

The article presents a discussion of papers written by Norris Johnson and John Scanlon. These authors discuss economic forecasting from 1957 to 1967. Particular attention is given to how the demand for capital funds are crowding the supply during most of this period but not in such a manner as to give rise to major capital shortages. The author states that there is no proof positive way of assessing the reliability of the assumptions made in this paper or their implications for the adequacy of funds.

Information about several papers discussed at the conference "Economic Development of European Socialist Countries," which was held in Plovdiv, Bulgaria on November 30 to December 6, 1964 is presented. The various reports presented focused on the comprehension of the economic trends and problems in Eastern Europe. Such features and issues considered including balance of payments, labor skills, and technological innovations.

The article presents a list of books and papers about economics. The books and papers include "The Oxford Economic Atlas of the World"; "International Affairs," edited by Alfred De Grazia, "A Bibliography of Higher Education in Canada," by Robin S. Harris, "Latin America," published in "The International Advertiser," "Agriculture and Growth," published in "Latin American Business Highlights," "The Problems of Federalism," published in "Executive," and "How Will Nuclear Energy Grow," published in "Common Market."

The article focuses on some of the problems developing countries face as it pertains to central banking. This study will briefly survey the role, problems, and the latency of central banks in developing countries, with some discussion of the methodology and techniques of monetary policy that have been utilized. In order to keep the paper's content manageable, no attention will be given to foreign exchange and payment policies, although these are taken care of by the central bank and are a significant aspect of monetary theory.

This paper considers the properties of the Divisia, or chain-link, index, as they relate to the argument that this is the most appropriate index for use in studying the sources of economic growth. The great advantage of the Divisia index is alleged to be its ‘accuracy’, that is, its capacity to combine time series of prices and quantities to give a true reflection of the height of a utility or production function over time. The paper shows that there are circumstances where the confidence in the accuracy of the Divisia index is justified, but that the conditions required are very restrictive and typically do not obtain in the contexts where the Divisia index is used. Misplaced confidence in the Divisia index has led to errors of interpretation that might otherwise have been avoided, and has given rise to a distorted view of the process of economic growth. [ABSTRACT FROM AUTHOR]