A simple model of primary commodity price determination: 1900–80

This article specifies and estimates a model of the determination of the real price of primary commodities over the period 1900 to 1980. The empirical evidence reported in the article suggests that the long‐run behaviour of real commodity prices is significantly influenced by both demand and supply side forces, as represented by the level of world production and a distributed lag of previous real prices respectively.     

The coastal zone as an administrative entity for governing U.S. marine minerals development

The coastal zone is being promoted as a spatial unit to coordinate and administer offshore minerals development with other coastal uses. Rather than aiding the administration of minerals development , the coastal zone is being used as the reason to block such development. This paper explores the coastal zone concept as an entity for administration. It concludes that just because minerals may be found in a coastal zone does not mean that physical entity is the most appropriate vehicle for administering mineral development. Arbitrariness at to what is included or excluded from a coastal zone as well as many minerals impacts being found outside of the coastal zone militate against such an entity being the sole criterion for decisionmaking. While the coastal zone may be appropriate for some mineral decisions, the choice to implement it must be arrayed against alternative criteria to ensure a high degree of effectiveness and efficiency in those decisions.     

A Comment on Kellogg's Analysis

An American specialist on the Soviet and Russian military-industrial complex examines the economic, social and political tensions within one of the most important, closed nuclear cities in Russia. Based on an intensive examination of the city's daily newspaper, not heretofore available in the West, the author explores the implications of the current situation for prospective nuclear accidents or proliferation. Journal of Economic Literature, Classification Numbers: P29, R58, O18.