REPORT OF THE MANAGING EDITOR FOR THE YEAR ENDING DECEMBER, 1853.

The article presents a report by the managing editor of the American Economic Association for the year ending December 1953. The number of manuscripts submitted for publication during this past year increased substantially as compared with the four preceding years, and the percentage of articles accepted decreased to the rather low figure of 15 percent. The increase in the number of manuscripts submitted has been exclusively an increase in the number of communications, and the number of articles, as distinct from communications, has actually decreased in 1953 as compared with 1952, which was also the case in 1952 as compared with 1951. Much of the increase In the number of communications submitted is attributable to the inclusion in the 1952 volume of seven articles which turned out to be decidedly controversial and elicited a surprisingly large number of comments. Total expenditures in 1953 amounted to $37,059.03 as compared with a budgeted amount of $37,650. The actual expenditure for the American Economic Review in the preceding year was $36,890.44.