Selected Abstracts.

The paper presents abstracts of various articles published in the December 1973 issue of the Journal of Economic Literature. The article Prestige Economics by H.W. Arndt focuses on a question whether economists have given sufficient attention to "status" or "prestige" as a motive in economic life. It is suggested that prestige is relatively important in primitive societies where the range of goods available for enjoyment is narrow, so that any surplus above minimum needs tends, to be used for display and again in affluent societies as affluence comes up against the satiability of human wants. The article "Impact of Space on World Development," by G. Stever discusses the idea of space becoming not just a medium but also an exploitable resource. Therefore what is necessary is a space ethic to guide actions and decisions. It attempts to show how the space ethic can help identify the proper aims of development and cope with change caused by space activities. The paper "Teaching the History of Economic Thought in the USSR," by V.G. Treml and D.M. Gallik consists of two parts. The first part outlines the history of teaching of economics and of history of economic thought with particular reference to Moscow University.