Reviews the book "Operating Results of Department and Specialty Stores in 1940," by Macolm P. McNair.

Reviews the book "Accountants' Index."

Reviews the book "Business Policies and Management," by William H. Newman.

Reviews the book "Elementary Cost Accounting," by George Hillis Newlove and S. Paul Garner.

The article presents the authors reflections on his twenty five years with the American Accounting Association. The author realizes that he was fortunate enough to have attended all the meetings of the Association. The members of the Association have missed many pleasant days at home, have neglected their work, have spent without reimbursement over $2,000 in attending these annual meetings, eleven of which have been on the Atlantic seaboard and six in Pittsburgh, Columbus, Cincinnati, Cleveland, and Detroit. The author admits there have been some very dry moments in some of the sessions, when it seemed necessary to exercise a maximum of self discipline. At times they had to seek relief in the hallways or the great out of doors in order to ponder over the serious problems and proposals made by the learned authors of some papers which were read. The truth of the matter is that though the span of years the members have considered the intangible values derived from these meetings as great enough to justify the personal detriments incurred in attending them.

I. The production function, 108. — II. What the variables represent, 112. — III. The years and industries selected for study, 113. — IV. Statistical argument, 116. — V. Results for the four years, 117. — VI. Discussion of the model, 118. — VII. Comparison with the results of earlier work, 120. — VIII. (1) Comparison of observed and computed product, 121. — (2) Comparison of k and W/P, 125. — (3) Elasticity of demand for labor, 127. — IX. Conclusion, 128.