Problems arise if budgets for services are held constant whilst prices rise. Education, cultural activities and health services are under constant budgetary pressure. The authors argue that the price of commodities is linked to demand and price increases would therefore seem to threaten the very...

Books reviewed: Frederic E. Sautet, An Entrpreneurial Theory of the Firm David M. Newbery, Privatization, Restructuring and Regulation of Network Utilities G. C. Peden, The Treasury and British Public Policy, 1906-59 Karl-Heinz Paque', Structural Unemployment and Real Wage Rigidity in Germany