THE INDIAN ECONOMIC JOURNAL July-September1965.

The article discusses the abstracts of several papers on economics published in the July-September 1965 issue of the "Indian Economic Journal." Some of the article presented in the journal are: "The Compatibility of the Theory of Comparative Cost With the Development Needs of Today's Economically Less-Developed Countries," by Badley R. Schiller; "Educational Distance Between Nations: Its Origin and Prospects," by Surendra J. Patel; "Some Aspects of Interest Rate Policy for Economic Growth," by K.L. Jain; "Elasticities of Demand for Indian Exports--An Empirical Investigation," by G.C. Da Costa; and "A Ricardian Treatment of the Modern Circular-Flow Economy--Labor Homogeneisation, Differential Rents, Variability in Scale," by P.R. Brahmananda. The first article of the journal by Badley R. Schiller, critically analyses the controversy over trade theory and discusses the implications of that analysis for the commercial policy of underdeveloped countries. Recent emphasis on education and training of skilled manpower for accelerated development reflects the full recognition of education's strategic role.