The Board of Regents of the University of Wisconsin System

Back MatterSource: The Journal of Human Resources, Vol. 12, No. 1 (Winter, 1977), pp. 144-152Published by: University of Wisconsin PressStable URL: http://www.jstor.org/stable/145609 .

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HIGHER EDUCATION The International of Higher Education and Educational Planning

EDITORS:

ALEC M. ROSS, Lancaster, England

PHILIP G. ALTBACH, Buffalo, N.Y., U.S.A.

LADISLAV CERYCH, Paris, France

GARETH L. WILLIAMS, Lancaster, England

DAVID J. HOUNSELL, Lancaster, England

Assisted by ERICH LEITNER, Klagenfurt, Austria and an Editorial Advisory Board

HIGHER EDUCATION is now in its fifth year of publication. Its sales have grown year by year as more and more scholars, officials and general readers have found in its pages an informed analysis of the problems facing higher education in the 1970s. Guided by a distinguished advisory board and edited by scholars in the U.S.A., Britain and conti- nental Europe it provides a convenient forum for the discussion of problems which are now recognized as being world-wide. It carries authoritative overview articles by leading experts, more detailed studies of particular problems and an extensive re- views section.

Subscription price for 1976 - Volume 5 in four issues (postage included) for institutes and libraries: US $42.00/Dfl. 105.00, for personal use by individuals: US $22.00/ Dfl. 55.00.

Elsevier P.O. Box 211, Amsterdam, The Netherlands.

52 Vanderbilt Avenue, New York, N.Y. 10017, U.S.A.

The Dutch guilder price is definitive. US $ prices are subject to exchange rate fluctuations.

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THE AUSTRALIAN AND NEW ZEALAND JOURNAL OF SOCIOLOGY

The Australian and New Zealand Journal of Sociology is the journal of the Sociological Association of Australia and New Zea- land. It is published three times a year, in February, June and October, and publishes theoretical papers and empirical research in any area of sociology.

Annual subscription rates: Individual subscriber $A 7.50 Institutions and libraries $A1 5.00 Students (whose income is less than

$4,000 per year) $A 4.00 Single copies $A 2.50

Subscriptions are on an annual basis and cover the costs of surface mailing. Back copies are available.

Cheques and money orders payable to the Sociological Associa- tion of Australia and New Zealand (SAANZ). Overseas subscribers please remit in Australian currency.

Subscriptions and all correspondence to: The Editors, ANZJS, Department of Sociology, University of Canterbury, Christchurch 1, NEW ZEALAND.

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THE QUARTERLY REVIEW OF ECONOMICS AND BUSINESS

VOL. 16 WINTER 1976 NO. 4

ARTICLES

The Real Rate of Interest: A Thesis in Pseudoscience ...... V Lewis Bassie Bonneville Agency Pricing and Electric Power Utilization. .David L. Shapiro The Firm's Response to an Input Quota Restraint:

Some Price Control Implications ....................Dwight R. Lee Monetary Position, Unanticipated Inflation, and Changes

in the Value of the Firm .......... .......... William D. Bradford Optimal Manpower Programs in Local Labor Markets:

A Planning Model ........... Herbert Hellerman and Michael Tannen Application of a Model from the Private Sector

to Federal Sector Labor Relations .................. James E. Martin An Empirical Investigation of the Relative Attractiveness

of the GNMA Pass-Through Security ......... Richard L. Haney, Jr. NOTES The Causal Relationship Between Money Supply and Business

Activity: A Critical Appraisal...James R. Barth and James T. Bennett

Stability of the Phillips Curve and the Accelerationist Hypothesis: Comment ........................................ John J. Seater Reply .............................................Lila J. Flory

On Interdepartment Pricing of Not-for-Profit Hospitals: Comment ................. ...................Regina Herzlinger Comment ....................................Barry Keating Reply ........................................... Hyman Joseph

Monetary Activity and Interest Rates Reexamined ............M. K. Lewis

BOOKS REVIEWED, BOOKS RECEIVED, INDEX TO VOL. 16

THE QUARTERLY REVIEW OF ECONOMICS AND BUSINESS is published by the Bureau of Economic and Business Research, College of Commerce and Business Administra- tion, University of Illinois. Subscription rates are $6.00 a year for individuals and $8.00 a year for organizations and associations. The single-copy price is $2.50. Manuscripts and communications for the editors and business correspondence should be addressed to the QUARTERLY REVIEW OF ECONOMICS AND BUSINESS, 408 David Kinley Hall, University of Illinois, Urbana, Illinois 61801.

THE JOURNAL OF HUMAN RESOURCES Submission of Manuscripts 1. Authors are urged to limit their manuscripts to 20 typewritten pages. Length of article is one criterion for acceptability. 2. Manuscripts should be submitted in triplicate, to facilitate the review process. Postage should be included if the author wishes to have one copy of his manu- script returned with the Editors' decision on publication. 3. Manuscripts should be typed double-spaced, with generous margins. All tables and figures should appear on separate pages with the place of insertion indicated in the body of the paper. 4. An abstract of no more than 100 words should accompany each article. 5. A numbered list of references should follow the text. Citations of such refer- ences should be by number in brackets [ 1 in the text and/or in explantory foot- notes. Explanatory footnotes should be numbered consecutively and should be typed, double-spaced, at the end of the article. 6. The title of the article, the author's name, and his institutional affiliation should appear on the first page. Any acknpwledgement also should appear on the first page. 7. Correspondence on editorial matters should be directed to The Journal of lilHuani Resources, 4315 Social Science Building, University of Wisconsin, 1180 Observatory Drive, Madison. Wisconsin 53706.

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International Studies of Management & Organization A Quarterly Journal of Translations

Editor: J. J. Boddewyn, Baruch College (CUNY)

"The academician is greatly aided by those who collect and pre- sent in classified form key material on a reasonably current basis. This publication is performing this task admirably." -

John Fayerweather, New York University

FROM A RECENT ISSUE:

International Business and Academics: On Becoming Responsi- ble Scholars, Henri-Claude de Bettignies (France); The Autonomy of the Foreign Subsidiary: A Progress Report on Research, Michael Z. Brooke and Mary Black (United Kingdom); The Strat-

egy-Formulation Process of the Foreign Subsidiary of a French Multinational Corporation, Michel Ghertman (France); Interna- tional Comparison of Personal Values and Job Performance within an International Firm, Randolph E. Ross (Canada); De-

veloping Organizational Development Skills in Japan and the United Kingdom: An Experiential Approach, Charles J. Cox and

Cary L. Cooper (United Kingdom); Joint Ventures in Europe: De- terminants of Entry, Staffan Gullander (Sweden); Disinvestment: A Corporate Failure or a Strategic Success, Jagdish C. Sachdev

(United Kingdom); Multinational Product Strategies: The Experi- ence of Five Firms, Georges Leroy (Canada); Multinational Cor-

porations and Environmental Protection: Patterns of Organiza- tional Adaptation, Thomas N. Gladwin (Switzerland) and John G. Welles (USA); External Affairs Roles in U.S. Multinationals Oper- ating in Western Europe, J. J. Boddewyn (USA)

Published quarterly. Publication began Spring 1971. Institutions: $70 per year. Individuals: $20 per year.

UlSJ3 International Arts & Sciences Press, Inc. Ws J5901 N. Broadway, White Plains, N.Y. 10603

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Administration in Social Work the quarterly journal of human services management

EDITOR: Simon Slavin, Dean School of Social Administration Temple University

ASSOCIATE EDITOR: Rino J. Patti School of Social Work University of Washington

Administration in Social Work is a new quarterly journal for admin- istrators, supervisors, managers, and sub-executives in social work and re- lated human services fields.

Each issue presents fresh and pertinent articles that deal with such critical problem areas as: - participatory management - management by objectives - budgeting & accounting in the

social services - collective bargaining - labor relations - management of authority - strategies for organizational change

ASSISTANT EDITOR: Albert Wilkerson School of Social Administration Temple University

- relations with agency boards - supervision & evaluation in social

work & human services - social planning & social policy - information handling & analysis - philosophy of cost-effectiveness &

efficiency

These are just a few of the major areas that this new Journal will explore in-depth. Edited by out- standing leaders in social work and human services administration and man- agement, this periodical will be an in- valuable resource for both large and small social services/human services agencies, departments, and institutions.

EDITORIAL BOARD (still in formation) George Brager Norman V. Lourie Anthony F. Santore Herman D. Stein Thomas F. Deahl Bernard G. Neugeboren Rosemary C. Sarri John B. Turner James R. Dumpson Edward Newman Charles I. Schottland Alfred Kadushin Felice D. Perlmutter Edward E. Schwartz

Subscription Order Form THE HAWORTH PRESS 174 FIFTH AVENUE NEW YORK, N.Y. 10010

( ) Please enter a subscription to Administration ( ) Individuals: $20.00 in Social Work, starting with Volume I, No. 1, Spring 1977 (4 issues + annual Index) ( ) Institutions, Agencies, Libraries: $32.00

NAME Canadian orders, add $2.00; other INSTITUTION foreign orders add $5.00

ADDRESS( ) Bill me

CITY STATE ZIP -. ( ) Payment enclosed (save postage & handling)

new

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JF ANNUAL SERIES RESEARCH IN LABOR ECONOMICS An Annual Compilation of Research

Series Editor: Ronald G. Ehrenberg, School of Industrial and Labor Relations, Cornell University.

Contributions to this annual series will consit of original papers in the labor economics- human resource area. The purpose of the series is to provide a format for substantive re- search which are longer than traditional journal articles but shorter than monograph length and to provide a vehicle for the publication of sets of papers which are written in a particular topical area. Each volume will contain original contributions whose specific subject matter and methodological approach will be governed only by the composition of the material submitted for inclusion in the series. The level of the treatment will be comparable to those found in leading economic journals.

Volume 1. March 1977 Cloth 384 pages Institutions $22.50 ISBN NUMBER 0-89232-017-6 Individuals $17.50

CONTENTS: The Incentive Effects of the U.S. Unemployment Insurance System; Frank Brechling, Northwestern University. Demand for Labor: Synthesizing Manpower Requirements and Substitution Analysis; Richard Freeman, Harvard University. Extensions of a Struc- tural Model of the Demographic Labor Market; Charles Holt, William Scanlon and Richard Toikka, The Urban Institute, Washington, D.C. A Family Model of Migration; Francis Horvath and Solomon Polachek, University of North Carolina. On the Theory of Labor Supply; Walter Y. Oi, University of Rochester. Models of Labor Market Turnover: A Theoretical and Empirical Survey; Donald Parsons, National Bureau of Economic Research, Stanford, California. Work Effort and Alternative Methods of Remuneration; John H. Pencavel, Stanford University. Human Capital: A Survey of Empirical Research; Sherwin Rosen, University of Rochester. A Simulation Model of the Demo-

graphic Composition of Employment, Unemployment and Labor Force Participation; Ralph E. Smith, The Urban Institute, Washington, D.C.

RESEARCH IN LABOR ECONOMICS Supplement 1.

Evaluating Manpower Training Programs (Revisions of papers originally presented at the Conference on Evaluating Manpower Training Programs, Princeton University, May 1976) Editor: Farrell Bloch, Princeton University.

September 1977 Cloth Approx. 320 pages Institutions $22.50 ISBN NUMBER 0-89232-046-X Individuals $17.50

A 10 percent discount will be granted on all institutional standing orders placed directly with the publisher. Standing orders will be filled automatically upon publication and will continue until cancelled.

A-l JAI PRESS P.O. Box 1285 321 Greenwich Avenue Greenwich, Conn. 06830 (203) 661-7602

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Climates of Hunger MANKIND AND THE WORLD'S CHANGING WEATHER

Reid A. Bryson and Thomas J. Murray

Climate is changing. Parts of our world have been cooling. Rain belts and food-growing areas are shifting. People are starving. And we have been too slow to realize what is happening and why.

In recent years, world climate changes have drawn more atten- tion than at any other time in history. What we once called "crazy weather," just a few years ago, is now beginning to be seen as part of a logical and, in part, predictable pattern, an awesome natural force that we must deal with if man is to avoid disaster of unprecedented proportions.

The current climate shift brought wide public attention first in the late 1960s and early

: ̂ >IB0~~~ 1970s, with the famine-producing droughts south oI the Sahara.

-ij:::: ABut it is still not generally recog- nized that the drought of the Sahel is part of a much broader pattern of climatic irregularities, one that has extended through the Middle East to India, South Asia, and North China. Another part of the same climate shift has struck the midwestern and plains states of the U.S., where recent drought and scattered crop failures have had unnerv- ing effects on a delicate national economy, and in England and France, where the worst drought in memory struck during 1976. During the same years, the worst floods in centuries struck parts of the U.S., the Philippines, and Italy.

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Along with drought in some places and floods in others, both caused by changing wind pat- terns, average temperatures of the Northern Hemisphere have been falling. The old-fashioned winters our grandfathers spoke of seem to be returning. The heavy snows of Dickens' time may be returning to England, where the growing season has already been cut by as much as two weeks. The selection of food crop varieties in both North America and Europe are in for sharp reappraisal, in view of the dwindling frost-free agricultural growing season and other clima- tic changes.

Climate has always had pro- found effects upon human his- tory, helping both to build and destroy great civilizations. Until now, we have not had the knowl- edge to react intelligently to the signs of shifting climate. Today, even though we remain essential- ly powerless to affect climate, we are ready to recognize the signs of change and we are somewhat able to predict the effects of those changes.

This book will help. In these pages, climatologist Reid A. Bry- son and science writer Thomas J. Murray present a broad view of climatic change, examining the past in order to view the future.

The prospects are not bright. Bryson, whom Fortune magazine called "the most outspoken per- ceiver of climatological danger signals" in the United States, says that the world is in "a little ice age," and has been since the sixteenth century, except for a brief respite during the relative- ly warm years in the middle of the present century. The world climate now seems to be revert- ing to its normal pattern, he says, and the "crazy weather" we have experienced in recent

years is simply an expression of this broad reversal.

Climates of Hunger is a book of paramount importance for our time. It will be essential reading not only for professionals in the field-including agricultural me- teorologists, political scientists, geographers, sociologists, and business counselors - but for all who are concerned in any way with environmental trends, world and domestic food supply, and their effects on human institu- tions.

Reid A. Bryson is one of the world's most astute, productive, and best-known climatologists. He is the author of three books and more than one hundred forty articles, and the subject of many more. His work has been report- ed in the New York Times, For- tune, Science, Time, Newsweek, Playboy, the Wall Street Journal, and numerous other national and international publications. He has served as consultant and adviser to many international groups concerned with climate and food production, and is cur- rently a member of the Council of the Smithsonian Institution. Bryson is Professor of Meteorol- ogy and Geography at the Uni- versity of Wisconsin-Madison, and Director of the Institute for Environmental Studies, which he helped to create.

Thomas J. Murray, author of several publications, is a profes- sional science writer who special- izes in the presentation of scien- tific data to nonscientists. He has served with the Institute for En- vironmental Studies and the Col- lege of Engineering at the Uni- versity of Wisconsin-Madison, and is presently a consultant for the National Academy of Sci- ences. June 1977 LC 76-53649 ISBN 0-299-07370-X 224 pages cloth $8.95

THE UNIVERSITY OF WISCONSIN PRESS P.O. Box 1379 Madison, Wisconsin 53701

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Critical Choices for Americans Critical Choices for Americans, a fourteen-volume work on urgent problems

that face the United States and the world at the beginning of America's third century, will appear through 1976 and into 1977 under the imprint of Lexington Books.

A wide range of subjects is covered including: energy, the environment, and economics; population, food, and land use; raw materials; criminal justice and the law; education; and foreign relations and national defense. A major portion of the work concerns ideas about America, extensive analyses of different regions of the world, and the quality of life of communities and individuals.

The 128 contributors include: Mortimer J. Adler, Raymond Aron, Alastair Buchan, Wolf von Eckardt, Nathan Glazer, Herman Kahn, Irving Kristol, Charles H. Malik, Daniel P. Moynihan, Bess Meyerson, Robert A. Scalapino, Edward Teiler, and James Q. Wilson. Many other authorities bring to this series the most complete prognosis of America's future and the world's ever commissioned.

About the series in general, TIME Magazine said: "NEW STARTS FOR AMERICA'S THIRD CENTURY... What emerges from these essays is the sense that in nearly every important field, ideas that dominated for half a century or more are giving way. New notions are being pursued and older ideas, discarded earlier in the 20th century, are being re- examined... Different though the various views of human nature may be, the very use of the term implies that there is something permanent and irreducible in man and that his resistance to outside manipulation is a kind of triumph."

The books ar Volume I Volume II Volume III Volume IV Volume V Volume VI Volume VII Volume VIII Volume IX Volume X Volume XI Volume XII Volume XIII

Volume XIV

e: Vital Resources. 288pp. $14.95 The Americans: 1976. 400pp. $15.95 How Others See Us. 144pp. $11.95 Power & Security. 240pp. $12.95 Trade, Inflation & Ethics. 320pp. $15.95 Values of Growth. 192pp. $10.95 Qualities of Life. 544pp. $20.95 Western Europe: The Trials of Partnership. 448pp. $19.95 The Soviet Empire: Expansion & Detente. 480pp. $19.95 The Middle East: Oil, Conflict & Hope. 544pp. $22.95 Africa: From Mystery to Maze. 480pp. $19.95 China & Japan: A New Balance of Power. 352pp. $16.95 Southern Asia: The Politics of Poverty & Peace. 384pp. $16.95 Latin America: Struggle for Progress. 224pp. $13.95

Special Series Price-$200.00 For additional information, please contact: Lexington Books, 125 Spring Street, Lexington, Massachusetts 02173, or call (617) 862-6650 or (212) 924-6460.

( A Raytheon Company )

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Notes from OLYMPUS

Employability, Employment and Income: -=3? ^A Reassessment of Manpower Policy

By Garth L. Mangum This book examines present and past manpower policy in the context of reassessing present and future manpower policy decisions. The author dis- cusses manpower policy in the U.S., changing demographic, social and economic forces, and labor market operations. He recommends a series of policy changes designed to respond to labor market malfunctions. It is the only book available that offers a test of policy interventions.

200 pages, Hardbound $9.95

Economic Impact of Large Public Programs: The Nasa Experience By Eli Ginzberg, James W. Kuhn, Jerome Schnee, and Boris Yavitz

_lrr ^Public programs bring resounding economic and social benefits to the communities in which they are located. That's the inescapable conclusion from this new book. In this case, the subject program is NASA, and the subject "communities" include five southern cities, a specific industry (semi- conductors), a scientific discipline (astronomy), and a government service (weather forecasting).

. GEI.N,.G Implications for other "communities" and other IO.oE SSE i

public programs are positive and ineluctable. 176 pages, Hardbound $8.95

- '' H^^. :?'Help Wanted: Case Studies of Classified Ads By John Walsh, Miriam Johnson, and

-s , 4.-- Marged Sugarman

Help Wanted: Case Studies of Classified Ads sum- marizes a recent study about whether classified

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help wanted ads in the daily newspapers accurately reflect local labor markets, and whether the ads

i.'=:,. . ,"^'", are useful to employers and job seekers. The - . ,: . * : authors provide important data that sheds doubt

.-; * . .. . on the value of help wanted ads. The book is a -----t:::?':;-:::- ;- . useful resource tool for every local manpower .. . : :.... * -. planner.

120 pages, Softbound $3.95

? lympus Publishing Company Dept. J, 1670 East Thirteenth South Salt Lake City, Utah 84105

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