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Annual college catalog listing courses of study, alumni, roll of students, historical sketch, calendar, honorary degrees, admission requirements, descriptions of departments, list of "Macalester in Government War Service," summary of students, and lists of faculty and trustees. Includes Macalester College Conservatory of Music and the College of Liberal Arts.

Annual college catalog listing courses of study, alumni, roll of students, historical sketch, calendar, honorary degrees, admission requirements, descriptions of departments, lists of addresses given and men in government service, summary of students, and lists of faculty and trustees. Includes Macalester College Conservatory of Music and the College of Liberal Arts.

Contributions to the 1st Wallace Conference on "The Constitution, Freedom of Expression, and the Liberal Arts," held in Sept. 1986 at Macalester College ; sponsored by the college.

Intro -- TABLE OF CONTENTS -- FOREWORD -- THE PROBLEM AND ITS SETTING -- EDITORS' INTRODUCTION -- HOW HIGH IS UP? -- PROFITS IN THE ECONOMY -- EDITORS' INTRODUCTION -- THE RECORD OF PROFITS -- THE ECONOMIC PERFORMANCE OF CORPORATIONS -- COMMENTS -- MEASURING AGGREGATE CORPORATE PROFITS -- COMMENTS -- THE OUTLOOK FOR CORPORATE PROFITS -- PROFITS IN THE FIRM -- EDITORS' INTRODUCTION -- AN ECONOMIST'S VIEW OF PROFIT MEASUREMENT -- AN ACCOUNTANT'S VIEW OF PROFIT MEASUREMENT -- PROFITS FROM THE INVESTOR'S POINT OF VIEW -- COMMENTS -- COMMENTS -- A CASH-FLOW CONCEPT OF PROFIT -- A PRAGMATIC VIEW OF PROFIT -- INVESTMENT DECISIONS OF CORPORATIONS -- SOURCES AND COSTS OF OBTAINING FUNDS -- COMMENTS -- COMMENTS -- RISK AND RATE OF RETURN -- PROFITS AND NATIONAL ECONOMIC POLICY -- EDITORS' INTRODUCTION -- THE ROLE OF PROFITS IN NATIONAL ECONOMIC POLICY -- INDEX -- A -- B -- C -- D -- E -- F -- G -- H -- I -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z.