WWW“ Page Six SCARLEI XNU SLACK Friday, October I. "6| Dawson Studies English Economy, Observes lomlon'sifiglter Education By RONALD LANE John C, Dawson (economics) spent his leave last year in Lon- don doing research on the English financial system and observing English higher education He spent much of his time at the London School of Economics. Dawson commented about the English higher educational system saying. “I visited classes irorn time to time to see how they op» ei-tited. The British undergradu- ates in economics, especially the seniors, are quite a bit further along than those in the country. They are reading the journals and basic works of the field instead of text books." Graduate Level Law “On the other hand," he went on to say, "the graduate level ed- ucatlon is not as well developed [here as it is here The LDnan School of Economics has recently started offering a course program tor its master's degree in econo- mics. The school does not yet care ry iormal graduate study as tar as we do in the U.S.7IH fact this can apply to all social studies and not just to economics. Dawson continued by saying that "it used to be that Oxford, Cam- bridge, and London were the only real centers of higher learning in England, but now the new regional universities are looking very good >such as the University or Sussex, and the University at Essex." Dawson said that there are no liberal arts colleges in England “for everyone there goes to a unl~ versity tor a particular tield or study." Dawson's research consisted of working on the national financial accounts for the United Kingdom— in particular the statistics or var- ious hairbank financial Institutions such as insurance companies and building societies. His field or specialization is what is called “llowofrfunds analysis." He said that he “wanted to see what the British were doing in this field” and to use these data in his analysis or the British econ- only. He knew they were “somewhat behind in these developments." but he saw that they were “prim gressing very rapidly." However, they had not yet put together the particular data he was seeking. They lacked a financial statement for all the non-bank financial institutions. The “Old Lady" Dawson contributed to the sta- tistical work being done at the Bank or England and observed that the “Old Lady of Threadneedle Street" was a “colorful institu- tion.” “It (the bank) is one or the oldest central banks in the world, much like a very inscrutable old lady—very conservative," said Dawson “The guards still wear bright red vests, rosecoiored tails, and black top hats. Although the managing and the decision-making in this batik were secret, the re- search department was very help- ful." “In the‘Eank of England," com- mented Dawson, “everyone start— ed as a clerk and worked up irom there. This is typical. Professional economists are just starting to ap- pear In business and government. except for a few economic advise ers in high places.” Enormous Cultural Life Dawson also expressed his enthuv siasni tor London, noting that ”just by living there, one becomes automatically interested in archi- tecture, history. literature, and the arts.” “London has an enormous cula tural life," said Dawson. "The theaters are numerous, excellent, and less expensive than they are here. London has rive symphony orchestras and the renowned CovA enant Gardens ballet and opera." VANCE SHAW MOTOR SALES Grinnell's Foreign Cur Headquarters Authorired SIMCA SALES 8r SERVICE "COME TO US WIYH ALL YOUR FOREIGN CAR PROILEMS“ WEST ON MIWAY 5 He also noted that the “English people are unfailingly polite, The class structure that used to be so pronounced IS gradually becoming blurred. This my possibly began in World War it when they were all in the bombings together. The educational system is also become ing more and more democratic. although there are still some very excluswe private schools.“ Bus Serviee Good “Many things in London don’t appear uptodate to Americans who are likely to be critical of the lack or modern household ap~ pliances,” Dawson pomted out. He went on to say that the "public transportation system is very good. You never have to wait more than tive minutes for a bus, which is good tor a sprawling city.” “There is one conflict that the British have to face from the point of view of the national econo- mic level," said Dawsmi, “It they try to develop domestically as ra- Siep Up To JD'S RESTAURANT elevated ... .t mtg Main, Grluntu pidly as they would like to, their balance oi international payments will be upselr To solve the later they have to slow the former. They thus call it a ‘stop and go’ economy. International trade is, oi course, a more important aspect of the British economy than of the Ameiu ican economy." “Another problem for the Britv ish is that, as they become more modernized, many of the pleasant— ei- parts at their traditional way at life may disappear. improved housing and highways could mar ihe beauty oi the countryside, In many or the older towns there are 14th, 15th, and 16th Century buildings that cannot remain it dea cent roads are to be had. This is a serious problem at Oxiord," GLASSES Made and Repaired in Our Laboratory Contact Lenses Cases and Solutions Eyes Exa mined Phone 236-3777 E. .I.Jensen, O.D. OPTOMETRIST Across from Post Office Ciesed Thurs. PM. and Sol. 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