The Problem This study is concerned with the incidence of governmental economic stabilization policies on the levels of output in selected industries. The specific problem under investigation is the following: What are the relative impacts of monetary and fiscal actions on the structure of output in selected industries? The study is concerned with some micro-economic aspects of economic stabilization policies, i.e., how these policies affect the equilibrium levels of output of some selected final goods. The importance of the problem under consideration is pointed out in the report of the Commission on Money and Credit (CMC).' In discussing the considerations of policy mix, the Commission states:

Abstract Any one who has been closely associated with accounting employment during the past two or more decades readily senses that the internship as a basic program has lost vitality. One of the reasons given for this loss of interest is the demand for accounting-trained graduates has created a situation whereby undergraduate students no longer need the contact provided by the internship to secure a permanent position. Many of the students are married and thus find it inconvenient to shift families from classroom to field and back to classroom. Many universities are on the semester plan which may not be conducive to an internship program. Many accounting firms for reasons best known to themselves are less responsive to accepting undergraduate students for organized internship programs today than in earlier years. Visual educational techniques and other improvements in teaching methods and materials may tend to reduce the necessity for field experience. On the assumption therefore, that the accounting internship is not dead or even moribund, this article tries to bring it up to date and implement it definite working rules.

This paper gives a non-linear growth model, which explains the development of an economy through stages somewhat similar to the Rostovian stages. Non-linearity is introduced by including the inaugmentable factor of land or natural resources in the production function along with labor and capital, and by recognising that net saving is not a linear homogeneous function of income alone, but might be affected by the distribution of income and the interest rate and tends to be negative when per capita income is very low. Furthermore, population growth is assumed to follow a NeoMalthusian pattern. The effects of non-neutral as well as neutral technical progress are discussed in this paper.

Reviews the book "Extensions of the Boundaries of Accounting Theory," by Thomas R. Prince.

In this paper we endeavor to show how a management scientist maintains his integrity and individuality while changing from a staff position to a consultant position and eventually to a top executive position in a large company. It is a segment of a longitudinal study and is presented in a special format, which makes it possible to present the data at all. In the introduction we utilize an historical sketch of the management field to show at what time in the development of management science this particular person's career started and, thereby, some of the factors which helped mold his personal and character values. The vicissitudes of the problem are elaborated and background material given for the understanding of the issues involved. We hope to encourage others to present similar segments of longitudinal studies which, we feel, will help people seriously engaged in this field to develop theories based on clinically-gathered data and which will, therefore, be closer to the truth of what really happens under certain conditions in which certain human beings have an impact on large-scale organizations and vice versa.