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The Methodology of Research in Agricultural Economics ....................... . R. Dudman. Feeding ..... Campbell R. McConnell and Wallace C. Peterson. Locational ...
JOURNAL OF AGRICULTURAL ECONOMICS VoJ.XV, No.4

December, 1963

CONTENTS Some Thoughts on Agricultural Policy ....................................... W. H. Senior Farm Models, Management Objectives and the Bounded Planning Environment. .C. S. Barnard The Future Role of Marketing Organisations ................................ . T. K. Warley The Methodology of Research in Agricultural Economics ....................... . R. Dudman Feeding Four Thousand Million ................................... Professor Ritchie Calder A Type of Farming Classification of Agricultural Holdings in England and Wales according to Enterprise Patterns ..................................... . L. Napolitan and C. I. Brown Linear Programming and Uncertain Prices in Horticulture I. G. Simpson, A. W. Hales and A. Fletcher The Economics of the Holstein· Friesian Cow ................................ . W. F. Gossling A Note on the 3·Dimensional Farm Planning Method ...................... . B. Gyrth lackson Farm Planning for Increasing Family Income in Western Macedonia ......... G. Kitsopanides With Reviews, Ahstracts, etc.

Journal of

THE AGRICULTURAL ECONOMICS SOCIETY Published twice yearly. Price 17s. 6d. Editor: O. J. Beilby, Department of Agriculture and Fisheries for Scotland, St. Andrew's House, Edinburgh 1, Scotland. Secretary: G. B. Bisset, Department of Agricultural Economics, University of Reading, 7 Red· lands Road, Reading, England. Membership: £21Os. per annum.

AMERICAN ECONOMIC REVIEW VOLUME LIV

MARCH 1964

NUMBER 2, PART 1

Articles Integration and Growth of the World Economy .......................... Gottfried Haberler Rules of Thumb and Optimally Imperfect Decisions .......... W. I. Baumol and R. E. Quandt Export Concentration and Export Earnings .................................. B. F. Mussell Optimization in Fishery Conservation ........................................ Ralph Turvey Business Firm Growth and Size ............................... .. Yuji Ijiri and H. A. Simon

Communications The Unimportance of the Embodied Question ............................... . E. F. Denison Stability of Neutralism: A Geometrical Note .......................••... . Albert Hirschman Cost Functions and Progress Functions ..................... . L. E. Preston and E. C. Keachie Capital Gains and "Life Cycle" Hypothesis .................................... . 1. I. Arena "Life Cycle" Hypothesis of Saving: Correction .......... . Albert Ando and Franco Modigliani Policy Problems of the Crude Oil Industry: Comment. ....................................................... . D. R. C. Campbell Comment ............................................................ .. Henry Steele Reply ................................................................ Paul Davidson Econometric Analysis of Population: Comment. ........................ Harvey Leibenstein The AMERICAN ECONOMIC REVIEW, a quarterly, is the official publication of the Ameri. can Economic Association. Annual dues or subscriptions are eight dollars. Address editorial communications to John G. Gurley, Editor, AMERICAN ECONOMIC REVIEW, Stanford University, Stanford, California. For information concerning other publications and activities of the Association communicate with the Secretary-Treasurer, Harold F. Williamson, American Economic Association, Northwestern University, Evanston, Illinois. Send for information booklet.

THE ECONOMIC RECORD Volume 40

MARCH 1964

Number 89

The Australian Economy, February 1964 ..................................... . E. A. Boehm

Articles The Frontiers of Economics .................................................. . G. G. Firth An Impression of the Oceanian Economy .................................. . Kiyoshi Kojima New Zealand Institute of Economic Research Survey of Business Opinion ........ C. G. Gillion Dynamic Process Analysis and a Model of the Trade Cycle ...................... . D. J. Smyth The Melbourne Share Price Index ............................................ G. R. Bruns The Economics of Australian Industry .................................... . R. F. Henderson Notes Special Development Problems of a Plural Society: The Malayan Example-A Comment A. H.H. Tan Special Development Problems of a Plural Society: A Rejoinder ................. . E. K. Fisk An Extension of the Neo-Keynesian Theory of Distribution: A Comment. ....... . C. S. Soper An Extension of the Neo-Keynesian Theory of Distribution: Reply .......... Murray C. Kemp Meat Consumption in Australia-A Reply ................................... . G. W. Taylor

News and Notes

Reviews

Index to Volume 39

Published four times a year. Single Copies 14/-

Annual Subscription £2. 2. 0

MELBOURNE UNIVERSITY PRESS Parkville N.2.

Victoria, Australia London and New York: Cambridge University Press

THE INDIAN JOURNAL OF AGRICULTURAL ECONOMICS (Organ of the Indian Society of Agricultural Economics) Vol. XVIII

OCTOBER-DECEMBER

1963

No.4

CONTENTS ARTICLES

A Review of Measures of Farm Income for International Use ............. . Robert D. Stevens Problems of Mechanization in Indian Agriculture ........................ Theodor Bergmann Land Reform and Land Prices ............................................ . G. Wunderlich NOTES

Economics of Drill Sowing over Broadcasting in Ragi. ..................... " ... . N. P. Patil An Aspect of Development Impacts of a Simple Pattern of Trade between Two Countries (Mrs.) V. Mukerj; Note on Research in Agricultural Economics in India: 1957-62. BOOK REVIEWS

Per Copy: Rs.4.00 for regular issues and Rs.6.50 for the Conference Number. Postage extra.

REVIEWS IN BRIEF

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HON. SECRETARY THE INDIAN SOCIETY OF AGRICULTURAL ECONOMICS 46--4S Esplanade Mansions, Mahatma Gandhi Road, Fort BOMBAY-I, (India)

JOURNAL OF FARM ECONOMICS Published by THE AMERICAN FARM ECONOMIC ASSOCIATION Editor: JAMES NIELSON Department of Agricultural Economics Michigan State University, East Lansing, Michigan May 1964

Vol. 46, No.2

Articles A Model of Economic Development for Peasant Farms in Southern Italy

Gerald W. Dean and Michele De Benedictis The Structure of Interest Rates in Underdeveloped Rural Areas ........... Anthony Bottomley Stability of Farm Income in a Stabilizing Economy ........................ . Robert S. Firch A Proposal for Improving Extension and Collegiate Teaching ................... . R. L. Kohls An Interregional Activity Analysis Model for the Agricultural Sector

T. Takayama and G. G. Judge

A Statistical Model of the Demand for Soybeans ........................... James P. Houck The Hog Cycle as Harmonic Motion ..................................... . Arnold B. Larson Advertising in Social Perspective ................................... . James Duncan Shaffer The Case for Unregulated Truck Transportation ........................ . Richard N. Farmer Application of an Optimizing Path Algorithm in the Comparison of Farm Work Methods

W. H. M. Morris and A. Nygaard PROCEEDINGS PAPERS, WINTER MEETING OF ALLIED SOCIAL SCIENCE ASSO· CIATIONS-including papers from the following sessions: The Poverty Problem in American Agriculture ... papers by Lee R. Martin and M. L. Upchurch Interregional Competition. " ................................... papers by Richard H. Day,

R. A. Andrews and G. E. Frick, and L. C. Cunningham Programming Macroeconomics Problems ........................ papers by Wilbur R. Maki,

Jerald R. Barnard and Richard Sattor, and T. Takayama and G. G. Judge Additional articles, viewpoints, publications received, reviews, annouDcements, and employment service vacancies and applications. Published in February, May, August, November, and December. $9 yearly.

Secretary-Treasurer: C. DEL MAR KEARL Department of Agricultural Economics Cornell University, Ithaca, New York

SOCIAL AND ECONOMIC STUDIES A Journal devoted to research, especially in the problems of economic growth, social change, and political action in underdeveloped territories Among recent papers and publications are the following: British West Indian Society and Government in Transition, 1920-1960 ....... . Jesse H. Proctor Slaves and Slavery in the British West Indies ................................ . Douglas Hall Prospects for Population Growth in the West Indies ......................... . G. W. Roberts The Relations of Economic, Political and Social Systems ..................... K. E. Boulding Levels of West Indian Government. ..................................... . David Lowenthal Short·Range Prospects in the British Caribhean ............................... . M. G. Smith Equality and Attitudes of Elites in Jamaica ................................... Wendell Bell Culture, Politics and Race Relations ......................................... " Vera Rubin Population Growth in Trinidad and Tobago in the Twentieth Century .......... Jack Harewood Mental Ability in Jamaica ................................................. . D. R. Manley The Household Composition of the Anuros Islanders ....................... . K. F. Otterbein Incest: A Case Study ..................................................... Peter J. Wilson

Annual subscription per volume of 4 nnmbers £1. lOs. Od.; U.S. $4.25; W.I.. $7.20

INSTITUTE OF SOCIAL AND ECONOMIC RESEARCH University of the West Indies. Jamaica. W. I.

THE SOUTH AFRICAN JOURNAL OF ECONOMICS Editors:

w. J. BUSSCHAU

C. S.

RICHARDS

H. M.

ROBERTSON

(Managing Editor) Vol. 32

No.1

MARCH 1964

Articles Economic Policy in the Reserves Since the Tomlinson Report. .......... . J. P. Nieuwenhursen Financial "Leverage" and "Gearing" in Perspective ........................... . f. R. Woods The Rehabilitation Program in the Bantu Areas and its Effect on the Agricultural Practices and Rural Life of the Bantu in the Eastern Cape .......................... Christopher Board A Statistical Study of the Distribution of Income for Bantu Workers ............ . H. S. Stern

Notes and Memoranda Thoughts on the Case for Local Production Versus Importing .............. . Geo. E. Mapstone Labour Mobility and Infant Industries .................................... Alexandre Kalka

Single Copy Rl.OO (lOs.)

Annual Subscription R3.50 (£1 ISs. Od.)

Order through booksellers or the Journal Secretary. Contributions (in duplicate) and cor· respondence to the Joint Editors, P.O. Box 5316, Johannesburg.

THE WESTERN ECONOMIC JOURNAL SPRING, 1964

VOLUME II, NO.2

Sales or Profit Maximization in Management Capitalism ................ William C. Pardridge Gold and South African Economic Development. ... " .................... , .Peter F. Palmer The Effects of Vertical Integration on Price and Output. ... " .................... . S. Y. Wu Anders Chydenius, 1729-1803, A Finnish Predecessor to Adam Smith ............ Carl G. Uhr Export Industrialism and Economic Growth: Comment. .................... . Robert S. Ozal,i Export Industrialism and Economic Growth: Reply ...................... . Joseph E. Huring Abstracts, Thirty.eighth Annual Conference WESTERN ECONOMIC ASSOCIATION Membership dues in the Association are $6.00 per year, which include receipt of the JOURNAL. A student membership, including receipt of the JOURNAL, is available for $3.00 per year. Other rates are available from the Secretary· Treasurer on request.

PUBLISHED BY THE WESTERN ECONOMIC ASSOCIATION WITH THE UNIVERSITY OF UTAH

WORLD AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY ABSTRACTS issued quarterly since 1959 by THE

INTERNATIONAL AsSOCIATION OF AGRICULTURAL LIBRARIANS AND DOCUMENTALISTS

in co-operation with THE

INTERNATIONAL AsSOCIATION OF AGRICULTURAL ECONOMISTS

Managing Editor: Sigmund v. Frauendorfer

Editorial Office: Schweizertalstrasse 36, Vienna XIII (Austria) This is the only abstract journal covering world literature on agricultural economics and rural sociology. Each issue includes between 700 and 900 references to books, reports, bulletins, and articles in periodicals arranged in classified order. Subjects dealt with include farm organization and management, agricultural policy, land tenure, labour, credit, co-operation, marketing, prices, etc., and also such related topics as agricultural education, extension, legislation, history and geography. The titles are quoted in the language of the original followed by an English translation. A detailed author and subject index is published each year. Annual Subscription Rate: $8.50, £ 311/-, Cld. 32.00 (post free). Orders should be placed with a bookseller or direct with the publisher: North Holland Publishing Company, P.O.B. 103, Amsterdam, Netherlands.

THE PAKISTAN DEVELOPMENT REVIEW JOURNAL OF THE INSTITUTE OF DEVELOPMENT ECONOMICS, KARA CHI, PAKISTAN Vol. III

Winter 1963

No.4

CONTENTS Articles Some Physical and Economic Determinants of Cotton Production in West Pakistan Ghulam Mohammad Some Problems in the Analysis of the Dual Economy ................... Stephen R. Lewis, Jr. Industrial Growth and Urban Land Requirements in East Pakistan .......... . John C. Eddison Rainfall, Acreage, and Wheat Production in West Pakistan: A Statistical Analysis Sarlraz Khan Qureshi

Summaries 01 Selected Articles Selected Bibliography Published four times a year: Spring, Summer, Autumn, and Winter. Subscription: $4.00 per annum or equivalent in other currencies; individual copies: $1. 00 each. All communications to be addressed to the Editor, The Pakistan Development Review, Old Sind Assembly Building, Bunder Road, Karachi.l, Pakistan.

THE QUARTERLY REVIEW OF ECONOMICS AND BUSINESS Vol. 4

Spring 1964

No.1

Articles Adjusting to a Defense Cutback: Government Policy Toward Business ... . Murray Weidenbaum Antitrust Policy: Some Recent Developments ........................... . David Dale Martin Diversification and Differentiation in Small Manufacturing Firms: An Empirical Study Campbell R. McConnell and Wallace C. Peterson Locational Developments in tbe Electric Utility Industry .................... Larkin Warner The Rise and Fall of Welfare·Liberalism ............................. Raymond S. Franklin The Retired Population-Boon or Burden for Local Economies? ........ . Harold W. Guthrie Soviet Economic Growth: Perspectives and Prospects ....................... . Jan S. Prybyla

Book Reviews and Books Received THE QUARTERLY REVIEW OF ECONOMICS AND BUSINESS is published by the Bu· reau of Economic and Business Research, College of Commerce and Business Administration, University of Illinois. It presents factual information and interpretive comment on economic and business questions. Subscription rates are $3.00 a year for individuals and $5.00 a year for organizations and associations ($9.00 for two years). The single copy price is $1.50. Manuscripts and communications for the editors and business correspondence should be addressed to THE QUARTERLY REVIEW OF ECONOMICS AND BUSINESS, Box N, Station A, Champaign, Illinois.

FOOD RESEARCH INSTITUTE STANFORD UNIVERSITY PROFESSORS EMERITI

Holbrook Working Joseph S. Davis Merrill K. Bennett Vladimir P. Timoshenko Vernon D. Wickizer ADMINISTRATION

Karl Brandt Director Charles L. Dickinson Associate Director for Administration RESEARCH STAFF

James o. Bray, Research Associate John o. Coppock, Senior Research Associate Jacques J. Dumont, Research Associate Helen C. Farnsworth, Professor Karen J. Friedmann, Research Associate Roger W. Gray, Professor Richard J. Hammond, Professor John A. Jamison, Research Associate

Bruce F. Johnston, Professor William O. Jones, Professor Philippe P. Leurquin, Research Associate S. Daniel Neumark, Professor E. Louise Peffer, Professor Rosamond H. Peirce, Associate Statistician =E. Klaus Poser, Research Associate 2 ~. Arndt Uhlig, Research Associatec ~. ~

V ISITING RESEARCH SCHOLARS Toshio Kuroyanagi, Hokkaido University, Sapporo, Japan Saburo Yamada, University of Tokyo, Tokyo, Japan

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LIBRARY STAFF

Charles C. Milford, Librarian Thelma Grossnickle, Library Assistant TECHNICAL STAFF

Jane Dobervich, Assistant Cartographer Doris Gardner, Sec. Assistant Helen Hoff, Secretary Mary E. Johnson, Sec. Assistant Minnie Jurow, Sec. Assistant Helen Klahn, Secretary Mary Leder, Research Assistant Elisabeth Lederer, Sec. and Res. Assistant

Jane Lopez, Sec. Assistant Matilda Lucy, Secretary Beverly Moreau, Secretary Verena Stolcke, Sec. and Res. Assistant Catherine Whittemore, Stat. Assistant Mildred Zahrt, Sec. Assistant

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SELECTED PUBLICATIONS OF FOOD RESEARCH INSTITUTE FOREI(;N TRADE AND ECONOMIC DEVELOPMENT IN AFRICA, A HISTORICAL PERSPECTIVE. S. Daniel Neumark.

(1964).

222 pp. $6.95

CANADIAN AGRICULTURE IN WAR AND PEACE Fowke.

1935-1950.

G. E. Britnell and V. C.

(1962).

502pp.$8.75

BENEFIT-COST ANALYSIS AND WATER POLLUTION CONTROL.

R. J. Hammond.

(1960).

95 pp. $1. 00

ECONOMIC MAN IN AFRICA. William

O. Jones. (1960).

28 pp. $1.00

MULTIPLE PRICING OF AMERICAN WHEAT: PRESENT SYSTEM VS. TWO-PRICE PLAN. Helen C. Farnsworth.

(1958).

50 pp. $1. 00

THE WORLD'S SVGAR: PROGRESS AND POLICY. Swerling.

V.

P. Timoshenko and B. C.

(1957).

364.pp. $6.50

ECONOMIC INFLUENCES ON THE SOUTH AFRICAN FRONTIER Neumark.

(1957).

1652-1836. S. Daniel 195 pp. $5.00

STUDIES IN TROPICAL DEVELOPMENT THE PAPALOAPAN PROJECT: AGRICULTURAL DEVELOPMENT IN THE MEXICAN TROPICS. Thomas T. Poleman.

(1964).

MANlOCINAFRICA. William

O.

167 pp. $4.50

Jones.

(1959).

315pp.$6.75

THE STAPLE FOOD ECONOMIES OF WESTERN TROPICAL AFRICA.

(1958).

B. F. Johnston.

306 pp. $6.00

AGRICULTURAL CHANGE IN UGANDA:

1945-1960.

G. B. Masefield.

(1962). 37 pp. $1.50

THE FOOD ECONOMIES OF URBAN MIDDLE AFRICA: THE CASE OF GHANA. Thomas T. Poleman.

(1961).

54 pp. $1.50

AGRICULTURAL CHANGE IN RUANDA-URUNDI:

AGRICULTURAL CHANGE IN TANGANYIKA:

1945-1960.

1945-1960.

(1963). 51 pp. $1.50

P. P. Leurquin.

N. R. Fuggles-Couchman. In press.