1. AMERICAN ECONOMIC REVIEW.
- Author
-
Bach, G. L., Saunders, Phillip, David, Paul A., Van De Klundert, Th., Winch, David M., Westfield, Fred M., Adelman, Irma, and Samuelson, Paul A.
- Subjects
ECONOMICS ,HIGH schools ,LABOR supply ,INDUSTRIAL equipment ,RATE of return - Abstract
This article presents abstracts of several papers published in the June 1965 issue of American Economic Review. In the article Economic Education: Aspirations and Achievements, the G. L. Bach and Phillip Saunders described the present state of economics in U.S. high schools. While the article Biased Efficiency Growth and Factor Substitution in the U.S. Economy, 1899-1960, dealt with the central issue of the form taken by increases in the efficiency of conventionally measured labor and capital inputs. In the article Regulation and Conspiracy, the Fred M. Westfield investigated the relationship between profits earned and prices paid for capital goods purchased by the privately-owned public utility firm whose rate of return is limited by a regulatory authority.
- Published
- 1965