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Part 1 Estimating the Economic Rate of Return From Accounting Data; Chapter 1 1The writer is especially grateful to Professor H. F. Lydall for suggesting the research project on which this article is based and for his comments and help. He would also like to thank Mr. R. D. Terrell, members of the Departments of Economics and Commerce, University of Adelaide, and members of the Joint D.A.E.–Faculty Seminar, University of Cambridge. Miss J. M. Higgins checked the mathematical results., G. C. Harcourt; Chapter 2 Return on Investment, Ezra Solomon; Chapter 3 Discussion Comments, Stephen A. Zeff; Chapter 4 Income Models, Book Yield, and the Rate of Return, William J. Vatter; Chapter 5 Alternative rate of return concepts and their implications for utility regulation, Ezra Solomon; Chapter 6 Relationship between the Accounting and the Internal Rate of Return Measures, John Leslie Livingstone, Gerald L. Salamon; Chapter 7 The measurement of corporate rates of return:, Thomas R. Stauffer; Chapter 8 Accountants, Too, Could be Happy in a Golden Age, J. A. Kay; Chapter 9 1I am grateful to John Kay for his comments on earlier versions of this paper., F. K. Wright; Chapter 10 Accounting Rate of Profit and Internal Rate of Return; a Reply, J. A. Kay; Chapter 11 On the Use of the Accounting Rate of Return in Empirical Research, Geoffrey Whittington; Chapter 12 On the Use of the Accounting Rate of Return in Empirical Research, L.C.L. Skerratt, G. Whittington; Chapter 13 Estimating the Internal Rate of Return from Accounting Data—A Note, A. W. Stark; Chapter 14 Cash Recovery Rates and Measures of Firm Profitability, Gerald L. Salamon; Chapter 15 Some Formal Connections Between Economic Values and Yields and Accounting Numbers, K.V. Peasnell; Chapter 16 Limitations of Using the Cash Recovery Rate to Estimate the IRR, R.P. Brief;