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This paper is an inquiry into the loaning activity of one bank, The Albuquerque National. This institution has prospered and grown in the face of every possible change in the business cycle. It has been confronted with the most problems that might come to a bank, and yet it had been able to fulfill its responsibilities to self and community. This bank has helped spur the growth of the local economy and, also, it has been able to effectively minimize its loan risk. It has approved the ideal balance mentioned before. The manner in which this has been accomplished is the thesis of this paper.

This paper has a three-fold purpose. First, it is intended to fulfill the final requirement for the Master of Arts degree in economics at the University of New Mexico. Second, the research involved in the writing of the paper had enabled the writer to learn more about one phase of a program vital to the defense of the nation, a program with which he has been associated both as a member of the United States Air Force stationed at Kirtland Air Force Base, New Mexico, and as an employee of the Atomic Energy Commission at Sandia Base. The third and final purpose for the report is the continuing importance of the state of New Mexico in the whole atomic energy program of the United States. The development of the atomic bomb, the testing of the first bomb, and the adaptation of the aircraft to carry the bomb, all took place in the state. Now New Mexico supplies much of the raw material needed for additional uses of atomic energy.

The purpose of the paper is to explore, more fully, one particular aspect of economic accounting, measurement of national income. Since data problems often inhibit attempts to measure national income by conventional methods, particularly in less developed regions, the paper focuses attention on alternative techniques of measurement with major emphasis on procedures employing monetary data.

The twentieth century is revealing a steady increase in the influence of the United States in the Caribbean region, both in politics and economic development. The arm of America has been gradually forcing out the European nations. Counting colonies and protectorates, the United States has under its supervision a greater Caribbean population than the population of the thirteen colonies at the time of the Declaration of Independence. In trade the United States is the best customer of Central America and the West Indies. The region is one of the chief sources of our raw-materials imports. The majority of the citizens of the United Statesdo not recognize the importance of the Caribbean to us. They are unaware of the manner in which the United States is increasing its power and influence. It is a distinct shock to many to learn of our imperialistic policy. The purpose of this paper is to trade one specific example of the intervention of the United States in the Caribbean. Nicaragua has been chosen largely because of recent troubles there and because it affords an excellent example of a virtual though unrecognized American protectorate. The difficulties in the way of a careful study of the country are very great. Historical works are especially unsatisfactory. The colonial period is much more ably treated than the recent period. The most satisfactory book on the subject is "The Five Republics of Central America" by Dana G. Munro. The thread of this paper is largely taken from the material of this one book supplemented by other shorter accounts. A large part of the material is taken from government documents, magazine articles and pamphlets of the Pan-American Union. Much of the magazine material is difficult to use because of ignorance of the ulterior motives of the writers, but there is enough of value to reveal the broad tendencies of political development. The economic development is more obscure. Data concerning the condition of the country at the present time is almost totally lacking due to the unreliability of newspaper accounts. Diplomacy prevents the giving out of material by members of the Consular service.

A review of the professional literature on migration written in the past decade suggests that motivation for migration is a composite of interrelated economic, geographical, and social factors. Economic factors are generally believed to be of primary importance and of first consideration when an individual contemplates relocating. It is assumed that the migrant is maximizing his household desires and aquisitions while keeping within the parameters of the family income or budget. If he can improve or increase this income, then he can reach a new maximization level under the new constraints. Thus, to continue to maximize the environment desirability for the family, a change of Jobs is often undertaken. Where the job is of a distance great enough that commuting becomes difficult or impossible, a residential relocation will also occur. But is a Job change the main reason for long-distance moves? It is the purpose of this paper to suggest a model for migration to and from the state of New Mexico and to report results of this model. Net migration flows from and to New Mexico are used and the variables tested are family median income, unemployment, distance, temperature, and population. These variables are tested using multiple regression analysis. The results show that there is a tendency for people to move from lower income states to higher income states. The income variable has the expected sign in both the in- and out-migration regressions and is significant for migrants moving to New Mexico. The unemployment rates had unexpected signs and were not significant indicating that unemployment rates are not good indicators of employment opportunities. Distance played an important role for net out­migration--the closer the state the more migrants from New Mexico. This was displayed for in-migration by the fact that the contiguous states and California contributed in gross figures more than half of the migrants to New Mexico's in and out-migration streams. Migrants showed a tendency to seek more temperate climates in all cases. The most significant variable, population, displayed that the larger the state, the more its contribution to the migration streams.

Given some specific assumptions, theories have provided specific conclusion concerning unions. This type of theoretical framework, however, provides for a ''narrow" discussion of union activities. General textbooks written about labor unions supply an opposite approach by providing much material dealing with union relationships. A more comprehensive approach, however, may be developed through an analysis of labor unions with industrial organization theories. This type of analysis allows one to see both the forest and the trees. The specific objectives of this research paper are to study: 1. union organizations and their operations 2. antitrust policy toward union structure 3. strike costs 4. union political activity 5. strike alternatives 6. wage settlements 7. union effects on inflation 8. predictive aspects of union “concentrations”

Since the appearance of Keynes' General Theory the major point of macro-economic emphasis has been upon the conditions and inducements necessary for capital investment. The general view on the dynamic processes of the economy has been largely altered in this past quarter century. No longer do we believe that what is saved automatically finds its way into investment, with total demand---and, hence, income---remaining constant. The Great Depression the development of fairly decent timeseries, and the often biting words of Keynes have given business cycle theory a new outlook and a new direction. I do not propose to discuss all these facts in this short paper the consideration of the classical views and the examination of the ideas of Keynes and his successors can well be left to the reader. Instead, our attention shall be focused on a very limited aspect of the problem or capital investment, namely, the plant and equipment expenditures of manufacturers during a short period of time. An attempt will be made to go beyond the simple statistical analysis to discover other factors operative in this period, and their possible effects upon our results.

The first decade of Lincoln's political life centered around questions of economics, and his interst in these matters remained strong throughout the entire period under consideration. Although Lincoln was not an original thinker in the field of political economy, he did develop firm opinions based on his conception of the American dream of a mobile society, and on the whole, reflecting the views of Henry Clay and the Whig party. He read some of the economists of his time, Francis Wayland and Henry C. Carey for example, but his knowledge of economic theory came mostly second hand from the Congressional Globe, Horace Greeley's Whig Almanac, and the news papers such as the National Intelligencer or the New York Tribune. The western lawyer was not interested in what appeared to him to be abstract theories, but he made a successful effort to master the major economic questions of ante-bellum America. [TRUNCATED]

The purpose of this thesis is to identify Carroll Davidson Wright's contributions to economics in three areas: Labor bureau organization and administration; Empirical investigation of labor problems; Original inquiry and report covering major economic problems. Preparation for the thesis included checking the Wright papers at Clark College, Worcester, Massachusetts; studying his Annual Reports, both state and federal; reading economic articles in the literature of the period, including articles by Carroll Wright himself. The method used is to illustrate by summary and direct quotation, his philosophy, his bureau work, his empirical investigation, and his relative importance. [TRUNCATED]

Let us assume that, at this time and age, and in this paper, the economic efficiency of the West and its scientific and material achievements are set up as goals for development in what is called today underdeveloped or developing countries. In other words, we assume that people in the East desire the same things the West desires and that they will go about to obtain these things the same way people in the West did. (This will throw overboard the age-old scorn of material things, and the contempt of money-making business of the East.) We further assume that Western economics is applicable universally, and that the patterns of economic development that helped the West in the last centuries are supposed to help the East now, and that the economic yardsticks of the West can be used to measure economic progress of the East. Thus, we will, even though it is unfair, scrutinize the economic plight of the East with a critical Western eye, and we will disregard the evils of economic development and industrialization condemned by Eastern ethics.

The thesis of this paper is that economic integration can lead Central America to much higher levels of living for her people, but this will be accomplished only if the economic structure of the region is greatly modified. Correcting the structural faults of the Central American economics will also require economic integration. Such structural weaknesses as inadequate medical personal care, limited provision for education of the masses, out-moded fiscal systems, insufficient and inefficient transportation systems, lethargic public administration, the great gap between the incomes of upper classes and the masses of the people, and the concentration of land ownership in the hands of a few must be repaired before economic unification can yield optimum benefits.

It is the purpose of this thesis to examine the publications of leading physical and social science societies 1946 through 1956 with a view to finding out the degree of importance that they attach to the world's present rate of population growth. As a result of this examination of scientific literature it is the thesis of this paper that the overwhelming majority of social and physical scientists believe that the present rate of growth of the world's population is one of the most contemporary problems. The attention given has been uneven among the scientific societies. Some have devoted an adequate number of pages considering the purpose of the organization, but others which it would seem should have primary responsibility in this field have ignored it entirely. For example, the American Historical Association and the American Political Science Association did not have a single lead article on the relation of population to their disciplines during the years considered.

This paper discusses the considerations required for selecting particular characteristics of [transmission lines] and presents an original method of obtaining the most economical solution. A typical problem at the Public Service Company of New Mexico is solved to illustrate the usefulness of this method.

The primary purpose of this paper is to attempt to determine by the use of available material just how important a role rail transportation played in New Mexico. Economic studies by persons like Knoop indicate that the railroad generally has a tremendous effect upon the economy of the region.

The Albuquerque National Bank is the largest bank in the State of New Mexico, and the oldest in the city of Albuquerque. Its record over the past thirty-five years has been markedly successful. It is to be hoped that this narration of a portion of that record will be of some use transversing the same ground. In addition to a narration, this paper will attempt to prove a thesis. The thesis is this: with proper supervision, the investment account of a commercial bank not only provides a bulwark against the depreciation of assets in a time of crisis, but more than that, the investment program with proper goals and methods implementing the historically defined and proven policies of an aware management, can be a completely flexible asset, available at all times for a variety of uses.

It is the thesis of this paper that India is falling behind the rate of growth in China, and that this has extremely serious long run consequences for more democratic political institutions in India and the whole world. It is time for a realistic appraisal of the relative rates of growth of these two countries so that the current prevailing under-estimation of China does not become an excuse for inadequate aid to India from the West.

"... it will be the purpose of this paper to search the writings of Classicism as exemplified by Smith, Say, Ricardo, Senior, Mill and Marshall, and the works of Veblen for their theories of monopoly. By a contrast and comparison of these theories, it is hoped that the information developed may become the basis for checking any hidden holdovers from these two schools and, by showing their origin, to develop some understanding of a singularly complex problem of the modern world."--leaf 2

This thesis is a study of the results of the United Nations Conference on Trade and Development. The study of the results of this Conference is important because this was the first time an international gathering of so large a number of countries was held specifically to discuss trade and development problems. One hundred and nineteen nations met in Geneva in a spirit of cooperation and with the expressed willingness to permit international interests to prevail over national interests. The papers presented at this Third Committee will be examined as a device to show the relation of international finance, private development finance companies, tourism, ocean shipping, and external debt to the problem of development. Also, the creation of an International Trade Organization will be discussed as a possible beginning to the solution of the development-trade problem.

The purpose of this paper is to analyze and to review fundamental ideas and theories of employment and to set forth the policies that can best obtain the goal of full employment, which is defined as the condition where those who want to work at the prevailing rates of pay can find work without undue difficulty.

The problem to be dealt with in this paper is the theory of capitalistic stagnation. Why is it important to examine the theory of capitalistic stagnation? The continuity of the theory of stagnation is the only portion of economic doctrine that is held in common by the Classical, Marxian, Keynesian, and Institutional economists.

This paper was planned with the object of covering the history and development of air transportation from its incep- tion to the present time. The mythology concerning aviation has been taken up at the beginning and this has been followed by a discussion of the earliest experiments in flying. The activities of the Wright Brothers began about 1900 and in 1909 they sold the Wright Flyer" to the United States Govern- ment. The development of pre-war and wartime airplanes is next taken up. The World War was significant in airplane history. During this period airplanes were improved tremendously, because of necessity. Following this period, development of aviation ceased for a short time, due to an over abundance of airplanes left over from the wartime production. After this, the manufacture and improvement of airplanes began in earnest. The most recent records of various types of airplanes under different conditions are given, to show the improvements made;

It is not the intent of this paper to contribute to the body of technological knowledge nor even to report on it at length, but to investigate in one area the important economic and social effect caused by technological progress. It is the intent of this study to answer or at least throw some light on the problem of the technological impact on labor.

Do unions make non-pecuniary contributions to their members? Are these contributions regarded by the members to be of sufficient importance to justify, at times, the unions existence?This paper will consider the non-pecuniary contributions of labor unions to their members in an effort to ascertain their merit as an answer to the union leader’s dilemma.The writer would like to make it very clear that his thought is not to consider the possibility of a complete substitution of non-cost gains for those which do cost the employer. It is expected that wages will continue to be raised as the rise in average productivity makes this possible. The substitution considered is in those cases in which the best judgment union leaders might be over born by the membership’s demand for service from their union in pecuniary form - perhaps because, though erroneously, it was the only type of union service they had learned to recognize.

The purpose or this paper. is to show that the decline in the Volume of tonnage handled by the Port of San Francisco from 1931 to 1952 is chiefly attributable to the tremendous economic growth of California since 1940. Other economic, as well as non-economic causes of this decline which are in the investigator's opinion, significant enough to warrant consideration, will be analyzed.

The study of Chinese economic and social problems requires that certain fundamental Chinese conditions be kept constantly in mind by the Western student, lest he attempt to analyze from the contemporary economic and social viewpoints of his own country. Accomplishments and plans must both be considered in relation to what has gone before and what is within the realm of possibility under given conditions, rather than by comparison with accomplishments and plans in other countries where the basic situation is entirely different. The object of this paper is to place cooperatives in relation to the to the reconstruction as a whole, and to estimate the extent to which cooperatives are an effective instrument of economic reconstruction. As the Kuomintang or Nationalist Party has been the governing power in China since 1928, this study of necessity a description of cooperatives as a phase of reconstruction under the Kuomintang.

In this paper it is hoped to present an accurate account of branch banking conditions. as they exist in California, followed by an expression of the writer's views upon the subject which have come from an impartial consideration of the movement from several standpoints. Part one explains briefly the nature of branch banking , tells something of its importance and success in other countries and of its development in the United States. A discussion of the branch systems that are active in California and a detailed description of the origin, growth and importance of one large organization in the state gives an idea of the :prominence this movement is assuming. In part two the arguments for and against branch banking are presented and discussed from a theoretical basis, and also compared with the results of this type of banking a s reported by those who have had dealings with both unit and branch organizations. One difficulty confronting a study of this nature is the number of changes t hat are constantly taking place. Large banking systems are being consolidated into single organizations. Holding companies are formed to bring. important organizations, both unit and branch, under central control. In banking, as in other types of business, the movement is toward fewer and larger systems. Since this study was begun in 1928, a number of such changes have taken place. In all cases an attempt has been made to revise the material to conform with conditions as they existed January 1, 1930. Many times it has not been possible to determine completely the inter-corporate relations between large organizations. Much of the material for t his study has been taken from magazine articles written by bankers and students of banking problems. The daily newspapers have been another source. To date, very few books have been published which treat of this subject except in a very general way. It is hoped that some ideas have been developed which, while likely not new to those who have made studies of this subject, will be taken as an attempt on the part of the writer to present the strong and weak points of branch banking as he sees it.

There is a general consensus that the most recent attempt at incomes policy in Great Britain was unsuccessful. In this thesis I shall attempt to analyze and evaluate the policy with an emphasis on the particular features of the policy to which its lack of success may be attributed. Chapter I examines the factors which first made such a policy seem to be an appealing panacea for all of Great Britain’s economic problems; specifically the economic conditions prior to the Labor Government’s ascension to power in 1964 are analyzed. Chapter II examines some early attempts at incomes policy with an emphasis on factors lacking in these policies that were included in the policy under discussion. Chapter III summarizes the details of incomes policy as stated in the pertinent Government policy papers. Chapter IV examines the structural features of the British system of collective bargaining rendering the type of incomes policy devised ineffectual; specifically, the post-war tendency towards decentralized bargaining is discussed. Chapter V analyzes relationships between the Labor Party and the trade union organization as these relationships pertain to incomes policy. Chapter VI examines the various exceptions to incomes policy which were instituted to promote long range goals. These exceptions were designed to encourage measures that were desirable in their own right, but may have been promoted more effectively in a manner other than through exceptions to an incomes policy. It is suggested that these exceptions may have contributed to the failure of the incomes policy. Chapter VII traces the evolution of incomes policy from a voluntary policy to a statutory wage-price freeze and back to a peculiar hybrid of voluntary policy backed by statutory delay powers. Chapter VIII evaluates incomes policy in terms of its success in achieving its initial goals.