I am grateful to Professors Ralph Andreano, Arthur S. Goldberger, and W. Lee Hansen of the University of Wisconsin for their encouragement and comments on an earlier draft of this paper. Many valuable suggestions were contributed by two anonymous referees and the participants in the Workshop in Applied Welfare Economics at the University of Wisconsin, Fall 1970, especially Morley Gunderson. Charles Leitzke assisted in the arduous task of data collection. The usual caveat is applicable.

We are indebted to Elisabeth Allison, G. L. Bach, William Becker, Frank Bonello, Kenneth Boulding, Stephen Buckles, J R. Clark, George Dawson, Daniel Fusfeld, Malcolm Getz, W Lee Hansen, RobertHeilbroner, RobertHighsmith, CliffHuang, ThomasJohnson, Allen Kelley, Darrell Lewis, Michael MacDowell, Campbell McConnell, Richard McKenzie, David Morawetz, Donald Paden, Phillip Saunders, Alex Scott, Howard Tuckman, John Vahaly, Henry Villard, Burton Weisbrod, Arthur Welsh, and Thomas Zak for comments on an earlier draft; to Thomas Overstreet and James Lewek for research assistance; to the members of Economics 380, Kaye James, Noel Lim, Katherine Maddox, Hal McClure, Mary Ann Meiners, and George Nomikos, for papers and discussions on economics education; to Violet Sikes for typing; and to Marjorie Churchill for editorial assistance.