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The article describes depreciation accounting procedures adopted in the Soviet Union and to draw some conclusions concerning the accuracy of the depreciation charge. Budget-financed institutions generally prevail in such areas as health and education, where the state is not interested in computing costs and setting prices. Hence no depreciation is charged in such institutions. In the case of collective farm agriculture, the explanation is found in the relationship of the regime to the collective farms. The state treats the collective farms as a self- contained tributary sector of the economy; as far as the planners are concerned the cost of agricultural produce is simply what they have to pay the peasants for it. The first requisite for the correct determination of the costs of capital consumption is the correct valuation of the fixed assets which are to be depreciated. The most general cause underlying the inadequacy of the book values of fixed assets is a persistent inflation which has raised the replacement cost of assets far above the historical cost at which they are shown on the books.

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Presents charts showing labor statistics in the U.S. from 1957 to 1959, as compiled by the Bureau of Labor Statistics. Labor force and employment; Labor turnover; Earnings and hours; Consumer and wholesale prices; Work stoppages.

Presents labor market statistics in the United States as of May 1967. Labor force and employment; Labor turnover; Consumer and wholesale prices.

Presents statistics on labor in the U.S. compiled as of July 1966. Employment; Labor turnover; Earnings and hours; Consumer and wholesale price; Work stoppages; Work injuries.

Presents labor statistics in the United States, compiled as of January 1965. Employment; Labor turnover; Earnings and hours; Consumer and wholesale prices.

This paper presents simplified techniques for analyzing the effect of uncertainty in large decision problems. Starting with the development of approximate expressions for the moments of a value lottery, we show that the probabilistic assessments of jointly related random variables necessary for these approximations are quite reasonable in number. The concepts of risk aversion, certain equivalent, and exponential utility function then permit writing useful approximations for the certain equivalent of the value lottery. Deterministic sensitivity analyses are described first for the case when the decision variables are fixed and then for the case when they can be changed to compensate for variations in state variables. The approximate effect and value of clairvoyance (revelation of ultimate values of uncertain variables) is derived from the original probabilistic assessment and the results of the deterministic sensitivity analysis, we next determine the approximate value of wizardry (changing uncertain variables into decision variables). The amount by which decision variables must be adjusted to account for risk aversion is established from earlier results. The final portion of the paper discusses a simple economic example that illustrates the application of the development. [ABSTRACT FROM AUTHOR]