Journal Article The Stagnation of Brazil's Exports: A Comment Get access Thomas C. Lowinger Thomas C. Lowinger Washington State University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 84, Issue 4, November 1970, Pages 699–704, https://doi.org/10.2307/1880853 Published: 01 November 1970

A number of concepts and conditions in current city planning are questioned: the grand master plan delusion; planning after the fact; intermittent master planning; the illusion of complete study; avoiding the critical problems; trying to do everything; sematic confusion; conflicts of role and organization; unrealistic derivation of goals and objectives; failure of city planning in the general public interest; deficiencies of planning personnel; inadequacies of theory and research; underestimating fundamental difficulties of the city planning endeavor.

Abstract Changes in the economy have prompted changes in the information needs in all areas of accounting. New cause and effect relationships develop and new concepts emerge which must be given accounting expression. The accounting profession is therefore faced with a need for accounting data which must be accommodated. The magnitude of the challenge reveals the magnitude of the opportunity. There is every reason to believe that socio-economic accounting will provide the thrust necessary to tremendously expand the world of accounting. In this connection, there is an old Hindu saying which seems appropriate here, that "There is no door, but only a small window, that leads to a great new world." However, the saying requires a bit of paraphrasing for, actually, in this case, there is no window. Nevertheless, accounttants do have access to, perhaps, a key hole. The light provided by this small key- hole reveals that there are numerous answers to the challenges posed by socio- economic accounting and they all focus on research.

A major purpose of the Estes study was to determine, by using questionnaires, the expected usefulness of current cost information for various classes of assets, both current and long term.2 Two assumptions were made in conducting the study: (1) current costs were objectively measurable, and (2) the current cost information would be of a supplementary nature only. The sample was selected from three organizations: the Institute of Chartered Financial Analysts, the National Association of Bank Loan Officers and Credit Men (Robert Morris Associates), and the Financial Executives Institute. These groups were chosen because Estes believed they closely paralleled two major financial statement user groups: (1) investors, both current and potential, and (2) lenders. Questionnaires were sent to 300 members from each group. A total of 338 or 37.8% responded. The results of the study were that 81 percent of the item responses