Suburbia and thorns

Lois Bryson and Faith Thompson, An Australian Newtown. Life and Leadership in a Working‐class Suburb, Penguin, Melbourne, 1972, pp. 380, $2.25. Bernard Barrett, The Inner Suburbs. The Evolution of an Industrial Era, Melbourne University Press, Melbourne, 1971, pp. 181 + xv, $9.00. Theo W. Brown with Keith Willey, Crown of Thorns. The Death of the Great Barrier Reef?, Angus and Robertson, Sydney, 1972, pp. 128 + xiii, $2.95.     

THERMOLUMINESCENT DATING OF COLOMBIAN POTTERY IN THE YOTOCO STYLE

Two contexts from the Colombian sites, Yotoco Ferry and Moralba, had been linked by archaeological similarities in pottery style, and dated by association with ware from other sites at circaa.d. 1000. However, radiocarbon dating of those contexts set Moralba at circa 800 b.c. , some 2000 yr older than Yotoco Ferry. Thermoluminescent dating of pottery from Yotoco Ferry dated it at circaa.d. 900, and pottery from Moralba was dated at circaa.d. 870. In addition a metal-smelting pottery crucible, thought to be prehispanic, was studied by thermoluminescence and dated, on the contrary, at less than 120 yr old.     

Book reviews

Australian books

D. C. Dunphy, Cliques, Crowds and Gangs: Group Life of Sydney Adolescents, Cheshire, Melbourne, 1969, pp. 170 + xi, $4.50.

A. A. Congalton, Status and Prestige in Australia, Cheshire, Melbourne, 1969, pp. 160 + xvi, $7.50.

B. R. Davidson, Australia Wet or Dry? The Physical and Economic Limits to the Expansion of Irrigation, Melbourne University Press, Melbourne, 1969, pp. 264 + xiv, S3.60 (paperback), $6.60 (hard cover).

Brian Dickey (ed. and intro.), Politics in New South Wales 1856–1900, Problems in Australian History series, Cassell Australia, Melbourne, 1969, pp. 200 + xv, $3.25.

K. L. Needham, Charles Hawker, Forlib Books, Adelaide, 1969, pp. 165 + xiv, $4.85.

Edward St. John, A Time to Speak, Sun Books, Melbourne, 1969, pp. 280, $1.65.

Egon F. Kunz, Blood and Gold: Hungarians in Australia, Cheshire, Melbourne, 1969, pp. 240, $7.50.

H. Throssell (ed.), Ethnic Minorities in Australia: The Welfare of Aborigines and Migrants, Australian Council of Social Service, Sydney, 1968, pp. 184 + viii, $3.75.

Marnie Bassett, Letters from New Guinea 1921, Hawthorn Press, Melbourne, 1969, pp. 159 + x, $5.50.

Ken Turner, House of Review? The New South Wales Legislative Council, 1934–68, Sydney Studies in Politics, No. 8, Sydney University Press, 1969, pp. 164 + viii, $5.00.

Colin A. Hughes, Images and Issues: The Queensland State Elections of 1963 and 1966, Australian National University Press, Canberra, 1969, pp. 364, $7.95.

Non‐Australian Books

Miles Copeland, The Came of Nations: The Amorality of Power Politics, Weidenfeld and Nicolson, London, 1969, pp. 272, $6.65.

Kenneth N. Waltz, Foreign Policy and Democratic Politics: The American and British Experience, Longmans, London, 1968, pp. 331 +xii, $4.70.     

A BENEFIT-COST ANALYSIS OF A REGIONAL DEVELOPMENT INCENTIVE: STATE LOANS*

The luster of economic growth, the existence of depressed regions, and the fear of competition from giveaway programs in other states have all resulted in state governments adopting a rash of programs designed to encourage a strong manufacturing base for their economy. Many economists feel uneasy about the rapid spread of such industrial incentive programs as tax breaks, government loans, and industrial revenue bonds.¹ The literature of public finance, development, and regional economics contains many interesting studies examining the wisdom of these undertakings. This paper hopes to contribute by developing a method of benefit-cost analysis for appraisal of industrial incentive programs. Even though the model is constructed for and applied to the analysis of state government industrial development loans, the principles formulated should be easily adaptable to the assessment of other types of regional development programs. A secondary objective of the paper is to discuss the first empirical application of a model which accounts for possible differences between the social opportunity cost of foregone investment and that of foregone consumption.²