economics-textbook

This is one of the best books written by Dr. Igor Ansoff, known worldwide as the "Father of Strategic Management". This book, in addition to its theoritical content, provides managers with a step-by-step guide to pilot their firms through the turbulent environments in the 21st century. This is one of the best books available on the topic of strategic management.

This is one of the best books written by Dr. Igor Ansoff, known worldwide as the "Father of Strategic Management". This book, in addition to its theoritical content, provides managers with a step-by-step guide to pilot their firms through the turbulent environments in the 21st century. This is one of the best books available on the topic of strategic management.

Implanting Strategic Management is a compilation of a life-timework that organizes the major contributions in the field under oneumbrella, as Ansoff ingeniously develops a model that divides the competitive environment into five levels of turbulence: 1) repetitive, 2) expanding, 3) changing, 4) discontinuous and 5) unforeseen. His strategic success theorem states: For optimal success of an organization, the strategic aggressiveness (both technological and marketing) and the components of capability (both managers and organizational climate, competence and capacity) must match the level of environmental turbulence in which the organization competes. Ansoff uses a five-point integral scale to also measure the corresponding five levels of strategy: 1) stable, 2) reactive, 3) anticipatory, 4) entrepreneurial and 5) creative and the corresponding five levels of capability: 1) custodial, 2) production, 3) marketing, 4) strategic and 5) flexible, as he develops a strategic diagnostic questionnaire to obtain the perceptions of the general managers of an any organization. When there is alignment or minimal gap between the average level of competitive environment and each of the components of strategy and capability, then the organization should have optimal success, which has been validated by several doctoral dissertations under Ansoff. This book is a comprehensive integration of several of Ansoff's scholarly articles, enhanced with each edition. Well thought out concepts involving strategic segmentation, resistance to change, optimizing strategic portfolio, strategic dimensions of technology, societal strategy issues, real-time strategic response to managing surprising changes, strategic issue management,and environmental surveillance for strong signals and weak signals in anticipating environmental change. Ansoff's theory says that at levels 1 to 3, a firm can extrapolate the future from the past. However, at level 4 (discontinuous) and level 5 (surpriseful), strategic management must be used by an organization to realistically plan for future successes in a highly turbulent competitive environment. Ansoff's theory applies to all types of organizations, and he explains how industries can have unexpected shifts from one level of turbulence to another, as in the case of Apple Computer Corp. When Apple created the personal computer, it also created a whole new marketplace with new customers at an initial turbulence level of 5, which shifted to a level 3 of marketing mentality, which seemed to be why Steve Jobs, a creative visionary, was replaced by Scully, a marketing guru, as the Board wanted to milk their "cash cow" and not be continuously creating new dimensions. However, when the envirnoment shifted up to level 4, Apple almost went out of business when they did not respond fast enough. Level 4 is discontinuous, where the future is only partially predictable from the past, and it requires 4) entrepreneurial strategy and 4) strategic capability of the firm for optimal success. Steve Jobs was brought back in as interim CEO, and he was able make Apple once again competitive by enhancing the company's technological and marketing strategy, as well as its organizational capability, by bringing the firm's strategy and capability components up to level 4, so as to be successful. (Note: The above scenario is used by the reviewer as a realistic example of Ansoff's theory being applied in the real world.) In summary, Ansoff's work is far beyond anything published in the field, and one of the most comprehensive empirical studies that validates his complete theory is called "The Financial Performance of Technology-Driven Firms Aligning Strategy, Capability and Environment" by Richardson, John F. 1996. (Ann Arbor, MI: UMI No. 9623859), 564 pp. or URL: www.ilarsystems.com. This reviewer recommends Ansoff's book Implanting Strategic Management to any individual who desires to learn from the top scholar in the field, considered by many world authorities as the "Father of Strategic Management." This reviewer has read numerous works by the leading scholars in the field, and nobody has integrated the various contributions under one umbrella or into one paradigm, as Ansoff has done. Scholars come from all corners of the world to study under Ansoff and his disciples at United States International University, San Diego, California, USA. When is America going to wake up and learn from this "latter-day saint" of strategic management, while he is still with us? We ignored Demming, considered the "father of quality management," for years until he became infamous in Japan, teaching the Japanese firms how to dominate world markets with quality management. Some of the best minds in the world come every year to study under Ansoff, but few Americans are in their numbers.

This book is a text for a class I am currently taking. While it covers all the basics, even the classics yet it also reflects how the cooking is today. The recipes come from a wide variety of sources and not just the school's own files.

I am lucky enough to have studied under Chef Labensky. This is an outstanding book. This was our text book at Mississippi University for Women. We used it for everything. It gives great history, backgrounds, techniques, and recipes. My husband, Colley, (Which I met at MUW)and I still use it on a regular basis and we have been out of culinary school for 2 years. I highly recommend this book for anyone considering culinary school.

This text is very thorough, and covers everything from history, nutrition and sanitation to classic and innovative recipes using the latest trendy ingredients. This text is geared specifically for the cooking student, however, with most recipes written to serve 12 or more, and ingredients listed by weight rather than volume. It will be tremendously usefull to add to a library of cookery books, and can be used to provide a solid foundation of the basic principals of cooking.

Hosmer and Lemeshow point to the massive growth in applications of logistic regression over a ten year period from the time of publication of the first edition of their text. They found over 1000 articles that used logistic regression during that time frame. There also have been many software advances that make it easier to apply logistic regression. The authors do their computing mostly in STATA. But they also acquaint the reader with many other useful standard packages for applying logistic regression. They also provide a web site from the publisher where data sets can be found.

New topics include the use of exact methods in logistic regression, logistic models for multinomial, ordinal and multiple response data. Also included is the use of logistic regression in the analysis of complex survey sampling data and for the modeling of matched studies.

The book is intended for a graduate course in logistic regression requiring the student to be familiar with linear regression and contingency tables. Similar in spirit and objectives to the first edition, this text also maintains the clarity of thought and presentation that these authors have a history of providing.

This is an important update to the first edition and is worth having on the bookshelf in any biostatistics library. I have my own personal copy and I think many others would also benefit by having it as a reference.

This is an excellent beginning and intermediate text on logistic regression analysis. Avoids the thorny details, but provides a wealth of references for those who are interested.

Anyone who is serious about doing logistic regression analysis should have this book.

This is a very popular and well written text on logistic regression. The topic is very useful to biostatisticians. Hosmer and Lemeshow have taught some short course out of the text which have been well received. The authors are knowledgeable and thorough. The book is very much oriented toward real applications and does not require advanced mathematics.

This is a comprehensive and masterfully written book; all MBA students and anybody doing business in or curious about the global economy will benefit from reading this work. All the fundamental principles of the field are clearly described and extensive real-world examples and case studies are given in which principles are synthesized and analyzed to create a very understandable and thorough learning framework. The result is one of the best textbooks I have ever read. The complex subjects of exchange rates, international monetary system, currency forecasting, country risk, foreign exchange rates, currency futures and options, swaps and interest rate derivatives, translation and transaction exposure, measuring and managing economic exposure, corporate strategy and capital budgeting for the multinational corporation, and more are covered.

Quick shipping! great seller.

This book covers a comprehensive range of topics regarding international finance and economics. A good deal of the material covers macroeconomic issues that a country will face but there is even more infomration relevant to decisions and situations that companies must deal with when entering foreign markets. The breadth of information makes this book appropriate whether you want a blueprint for doing business overseas or just want to better understand the impact of global trade.

Shapiro is very well respected as an economist and this book is a good example why. I was fortunate enough to have him as a professor in an MBA program and can say he has an amazing command of the issues as well as the ability to communicate his knowledge very effectively. The writing in this book is clear and concise with a ton of info packed into each chapter. Buy it, you won't find a better text on this subject.

Dr. Heyne was an outstanding professor. In fact, the most memorable and influential of my college "career." You will understand from reading his books how brilliant he was.

This book makes the complex subject of economics very easy to understand, and will cause you to think very differently about social issues. Paul Heyne is also one of the best teachers I've ever had.

If you need a textbook on Economic, and you do not know the theory, you HAVE to read it before you get started. It's also very usefull for businessmen. I've read it in Russian

What a great book! Easy to read, easy to understand

Thanks to Joan Bannan for authoring a book a student can understand!!

I am a registered nurse, currently working on a master's degree in Administrative Studies. I have cited this book extensively in my professional report--a paper outlining utilization of coursework in the workplace. My report involves streamlining the policy and procedure system in a small hospital. This book has been invaluable in developing a project proposal to enhance workplace communication.

Wanted to say how much I enjoyed reading Intranet Document Management. I am a novice Intranet/Extranet Developer (worked on 2 projects to completion), and found this book to be the best computer-related book I own. Joan Bannan does not bombard the reader with techno-babble; computer terms and concepts are explained with clarity, providing a guide to managing Intranet documents for novices and experienced professionals alike who may desire a written frame of reference to guide them in their own projects.

The result is a book with with well-thought-out organization and excellent readability.

This is a very good book for a high school economics 101 course. This book should be read by every high school student. The ideas are put forth in a very straight foward manner that is almost too easy to understand. If you have any knowledge about ecomomics, do not get this. You will be board with the concepts Gordon goes over.

AN INTRODUCTION TO ECONOMIC REASONING is probably the first book you want to read if you are planning on studying economics. Although this work is called an introduction to "economic reasoning," it is perhaps more accurately considered an introduction to economics as such.

This book is quite basic, and could be profitably used by high school students or anyone without a knowledge of economics. It hits many of the basic topics in economics, such as marginal utility, supply and demand, and money. It is from the Austrian perspective, so it could save a high schooler from years of unlearning. The only drawback is that although it contains many useful study questions, it doesn't include the answers (nor is there, from what I can tell, a teacher's guide).

Dr. David Gordon is associated with the Ludwig von Mises Institute, the nation's premier free enterprise think tank. The Institute has published another work - ECONOMICS FOR REAL PEOPLE by Gene Callahan - that is more advanced and would make an excellent follow-up work.

... but found nobody whom to ask?

This book is definitely the way out. It has everything a beginner's textbook is asking for. Witty writing, step-by-step explanations, practical examples. By the way you understand what is meant with concepts and theories economists use to explain to us why a certain policy should be pursued or abolished, like the labor theory of value, price controls, minimum wages, and different currency systems. And before you know you understand what is behind the arguments of current policy issues, what are the true and the false arguments, misleading paths, right or wrong theories behind them.

The author is not soft on the issues, but uses logical reasoning and explains in every step the possible fallacies. In the end - if one likes it or not - one has to follow his cogent conclusions about the way markets work in a free society and how government intervention affects those outcomes.

Un bilancio ordinato è lo strumento fondamento per consolidare la stabilità dello Stato, nell`osservanza dei principi dell'«economia, eficiencia y efectividad» le tre «E», secondo l'Autore basilari per una amministrazione pubblica corretta e dedicata al bene deì Paese.

Con un'ampia indagine (oltre cinquanta collaboratori e duecento interviste!) sono poste a raffronto le esperienze di paesi industrializzati che hanno saputo darsi una metodologia corretta (Stati Uniti, Canada, Regno Unito, Svezia, Australia, Nuova Zelanda e Spagna) con quelle dei principali paesi latino americani (Argentina, Brasile, Cile, Colombia, Messico, Venezuela) che nell'ultimo decennio si sono mossi verso una corretta direzione.

Che cosa si vorrebbe ottenere: I'ideale cérto sarebbe, per ciascun componente la collettività, il migliore apporto dell'intervento pubblico con il minore sacrificio. Ma si scatenano forze spesso contrastanti, costituite dagli elettori, dai politici, dai «gruppi di interesse» e dalla burocrazia.

Gli elettori danno il voto nella speranza di ottenere servizi in quantità e qualità tali da soddisfare le loro aspirazioni. I politici «comprano» i voti mediante promesse avanzate durante la campagna elettorale e la loro credibilità dipende dall'adempimento delle promesse. I gruppi di interessi danno il loro appoggio, di solito di natura economica, ai politici disponibili ad influire per l'approvazione di leggi e regolamenti che soddisfano le loro esigenze particolari. Infine la burocrazia generalmente ha come obiettivo quello di mantenere il potere e il posto di lavoro.

Il bilancio dovrebbe contemperare i vari interessi ed è per questo che la sua formazione e il controllo sono essenziali per la vita ed il progresso dello Stato, ma sempre all'insegna della «economia, eficiencia y efectividad», non raggiungibile nel caso di prevalenza di una delle forze contrastanti.

L'autore analizza la normativa che sovrainltende la formazione del bilancio, con indagine approfondita Stato per Stato, elaborando anche tavole sinottiche relative alle varie fasi. sia per quanto concerne la tempistica che il contenuto.

Assai interessanti e significatitivi sono gli indici di scostamento del consuntivo dalla stima previsionale, di modestissimo importo nei paesi industrializzati considerati e con notevole avvicinamento nei paesi dell'America latina che hanno sconfitto l'inflazione (quale l'Argentina).

A questo risultato si perviene, oltre che per una corretta impostazione del bilancio anche per un'attenta azione di controllo, particolarmente rigorosa nei paesi industrializzati presi in considerazione.

Nei paesi in via di sviluppo, per incentivare gli investimenti, spesso sono accordate agevolazioni fiscali: I'autore raccomanda, per una corretta impostazione del bilancio, la indicazione del costo per il minor gettito (ed aggiungo per una conoscenza dell'opportunità di conservare, aumentare o diminuire siffatte agevolazioni).

Il lavoro del prof. Petrei, che alle capacità accademiche (è professore di finanza pubblica nell'Università argentina di Cordoba) unisce quelle di esperienze c oncrete di alto livello (e fra l 'altro quale consigliere del Ministro dell 'economia e di amministratore del BID), non solo costituisce un grande apporto pergli studi (ricchi ssima è la bibliografia) , ma è basilare per chi debba occuparsi del tema anche per ragioni operative offrendo una serie di opzioni da adottarsi a seconda delle circostanze. E l'apporto può essere particolarmente utile non solo ai paesi dell'America latina, ma anche a quelli industrializzati non menzionati (mi riferisco ovviamente al nostro Paese).

Cerca de 500 páginas dedicadas a la revisión de la teoría presupuestaria y a la exposición crítica de la experiencia en la materia, en un núcleo significativo de países, es el resultado del esfuerzo no habitual encarado por el doctor Petrei. Cuando la teoría general o, mejor, la generalización de la teoría, parece dominar infecundamente el panorama hecho visible por la desaparición del sistema soviético, que con similar liviandad a menudo nos contentamos con bautizarlo globalización, el trabajo de Petrei agrega, a sus méritos intrínsecos, un oportuno llamado a la realidad. Porque, si no caben dudas en cuanto a que la vida de los hombres y mujeres transitará por las virtudes y por los vicios del capitalismo por el tiempo humanamente previsible, que es el ámbito de la política, con tal tautológica comprensión del fin de la polarización militar e ideológica la cuestión no concluye; más bien, comienza. Hace poco, en Buenos Aires, Manuel Castells precisaba: no importa tanto el sustantivo, capitalismo, como el adjetivo: ¿qué capitalismo?, europeo, asiático, norteamericano, etcétera. Por otro lado, este mundo sin alternativa visible está mostrando ciertos aspectos que fueron habituales del capitalismo pre Guerra Fría. Uno de ellos es la importancia central del presupuesto. En Inglaterra también con el presupuesto se sigue una tradición. Recuerdo al antecesor laborista del actual Chancellor entrar al Parlamento mostrando victoriosamente el viejo portafolio, en el que llevaba el proyecto de presupuesto, incluye los impuestos a las personas y las sociedades, de renovación anual, para su discusión por los comunes. Un símbolo: en buena medida la política bajo el capitalismo podría definirse como la resolución del conflicto de quién paga y quién recibe; cómo se cobra y cómo se gasta. Y una buena cultura en materia presupuestaria sin duda favorece -diría más, es condición- para que ese conflicto esencial se resuelva con eficacia, entendida ésta como la realización práctica de la voluntad política que define cómo se pone y cómo se saca o, para decirlo en los términos más estrictos que utiliza el prologuista, Enrique Iglesias: los resultados fiscales no son independientes de las instituciones y procedimientos que rigen la elaboración del presupuesto, su aprobación, su ejecución y su control. En la parte I, el doctor Petrei revisa la teoría del presupuesto -un punto de reunión de fuerzas de la sociedad, define-, expone las tesis tradicionales, y se detiene en el gerencialismo, new public management: un conjunto de ideas en proceso de sistematización... subyacentes en las reformas de los últimos años. El managerialism busca reemplazar a la administración tradicional de lo público -un sistema jerarquizado clara y rígidamente transformando la relación de poder en una relación de servicio, del funcionario hacia su cliente, el ciudadano. En materia de presupuesto, explica el autor, se traduce en poner el control de los fondos en manos de quien pueda utilizarlos mejor y de quienes estén cerca de la demanda final. Con ese instrumental, lleva el doctor Petrei al lector por la experiencia de Estados Unidos, Canadá, Reino Unido, Suecia, Australia, Nueva Zelandia, España, que luego recapitula. En la coordinación de políticas se tiende ahora a un trabajo colectivo del gabinete en donde cada ministro debe discutir cifras o programas con todos sus pares; se generaliza la inclusión de proyecciones macroeconómicas para períodos que van de tres a cinco años; disminuyen las ya pocas diferencias entre lo que se prevé y lo que se ejecuta; se da cada vez mayor publicidad a los informes del órgano de control externo, cuya sólida influencia está dada por la capacidad técnica y su dependencia del Poder Legislativo. Para Petrel, el nudo alrededor del cual quedan marcadas las diferencias más notables entre los países industrializados analizados y los países latinoamericanos es la aplicación de criterios de eficiencia, materias en la que los primeros han logrado buenos progresos en la utilización del presupuesto, mientras han ido pasando de un presupuesto de recursos a uno de resultados. En cuanto a las reformas apunta Petrei que buscan fortalecer las unidades de decisión y la capacidad de ejecución, pero no encarando la totalidad del sector público, sino selectivamente, avanzando donde se puede avanzar, buscando el consenso y la participación. Ese resumen sirve como introito para la parte III: la Argentina, Brasil, Chile, Colombia, México, Venezuela. El panorama es contrastante. El apoyo técnico con que cuenta el Legislativo es pobre. Hay una preocupación creciente par la estabilidad, pero no se ha puesto un énfasis similar en lo referente a la publicidad de los actos del Ejecutivo ni en la obligación de información regular al Legislativo. Se va creando una cierta rigidez en cuanto al manejo del déficit con reglas que dejan poco margen para la políticas anticíclicas. Así, la posibilidad de hacer política compensatoria es mayor en los países de la región que en los países industrializados, par la inexistencia o poca relevancia de los programas de desempleo. No se publican proyecciones ni éstas forman parte de la discusión presupuestaria. En los 80, década de alta inflación en toda la región, es grande la diferencia entre proyección y ejecución, brecha que en la estabilidad generalizada de los 90 disminuye acentuadamente. Se tiende a aplicar el modelo de los industrializados en cuanto al control externo - aunque se carece de los equipos multidisciplinarios necesarios- mientras es lento el avance en materia de evaluación y de eficiencia: Ha habido una continua presión a gastar menos y en muchos casos esa presión se ha transformado en gastar mejor, pero ha habido muchos casos en que tal presión ha significado gastar peor, concluye Petrei. En la parte IV el autor efectúa el examen comparativo de las diversas experiencias y estrategias de reforma y reitera la necesidad de una constante búsqueda de eficiencia, a partir de tres focos principales: la oficina de presupuesto, el gabinete y el órgano de control externo. El libro concluye con dos anexos: en el primero, expone el autor los diferentes conceptos de déficit; en el otro, se refiere al ámbito internacional: la búsqueda de transparencia entre naciones. Trabajo arduo y fecundo, que recoge la experiencia profesional del autor y más de dos años en su preparación directa, con visitas a los 13 países que estudia y describe, con más de 100 expertos entrevistados, etcétera, su resultado conforma una obra de consulta imprescindible para toda persona interesada en la organización de lo público y que debería ser de lectura obligatoria -cito nuevamente al presidente del BID- para todos aquellos que participan en el proceso de presupuesto, tanto a nivel del Ejecutivo como del Legislativo, para aquellos encargados de proponer y llevar adelante los procesos de reforma institucional en los diferentes países, y para quienes desde los organismos multilaterales de crédito tenemos la responsabilidad de ayudar a los países a avanzar en la modernización del Estado y en la profundización de las reformas del sector público.

Esta obra ofrece un análisis pormenorizado de las instituciones del presupuesto y los organismos de control en siete países industrializados y en seis de América Latina. El análisis se nutre de dos importantes ramas de la teoría económica: la teoría de las finanzas públicas y la teoría de las decisiones colectivas. Mientras que la primera asume la existencia de una función de utilidad social que se busca maximizar, la segunda reconoce la dificultad de agregar preferencias individuales y destaca la importancia de los incentivos de cada uno de los agentes que participan en las decisiones públicas. Incorporar este segundo enfoque como complemento del primero es fundamental para hacer un análisis institucional como el que se desarrolla en este libro.

Cada estudio de caso incorpora una perspectiva histórica que permite comprender la manera como los países van cambiando sus instituciones en respuesta a distintos problemas. El libro tiene además un enfoque comparativo, tant! ! o al interior de cada categoría de países como entre los países industrializados y los de América Latina. Este enfoque comparativo es muy útil a la hora de pensar en posibles reformas institucionales en los países latinoamericanos, que es en definitiva la razón última del libro. El trabajo concluye con una serie de reflexiones acerca de las lecciones aprendidas y de las posibles estrategias de reforma para los países de la región.

PRESUPUESTO Y CONTROL es de lectura obligatoria para quienes participan en el proceso presupuestario, tanto a nivel del ejecutivo como del legislativo, para aquellos encargados de proponer y llevar adelante los procesos de reforma institucional en los diferentes países, y para quienes desde los organismos multilaterales de crédito tienen la responsabilidad de ayudar a los países a avanzar en la modernización del Estado y en la profundización de las reformas del sector público.

Very fast transaction. Happy with the transaction

"Increasing demand leads to rising interest rates which leads to reduced investment spending and appreciating currency exchange rates..." The authors of "Macroeconomics" effortlessly provide the economic reasoning that underlie events like these such that they really make common sense - and without the need for rote memorization on the part of the reader. A previous reviewer from Los Angeles did an excellent job in praising Baumol and Blinder for their clear and concise teaching, and I strongly agree with his comments. Instead of going into abstract theories and ideas, Baumol and Blinder focus on making the reader understand the "real world" implications of macroeconomics. For example, each chapter in their book introduces a different contemporary economic issue as a way to illustrate the ideas being described in the text. Additionally, the authors outlined eight take-home messages that they believe the reader should remember after finishing the book. Although the authors label these take-home messages as "Ideas for Beyond the Final Exam", these ideas are equally relevant for student and non-student alike.

It should be kept in mind that the eighth edition of this textbook was published in 1999, so most of the "contemporary" issues that are discussed within are now out of date. In one chapter, for example, the authors' upbeat commentary on America's 1998 budget surplus seems sadly ironic considering the large budget deficit that we are currently dealing with in financing the War on Terror in 2003. Additionally, I thought many of the examples in the book were a bit "pro-Clinton", and depending on one's own political orientation, that may or may not be welcome. I have not looked at the ninth (and latest) edition of "Macroeconomics", but assuming that the fundamental principles remain the same, I would encourage the reader to pick up that copy in order to have a more current and up-to-date illustration of ideas.

Readers looking for mathematical models and equations to play with will be sorely disappointed, as the only foray into mathematical analysis involves deriving the demand-side equilibrium condition of the Keynesian economic model (a simple algebraic equation). But considering that the slant of this book is towards "real world" understanding, I think the authors were probably justified in keeping the mathematical equations to a minimum.

All in all, I think "Macroeconomics" by Baumol and Blinder would be an excellent introduction for the economically-illiterate person (as I was before reading this book). Although many of the examples in the eighth edition are a bit out of date, it is true that the fundamental economic principles that are discussed endure throughout all of the editions of this textbook.

this is a good straight forward text that does not get bogged down in the unecessary details for an introduction to the subject. It is simplified, and straightforward, while trying to be enjoyable reading.

Power and Market is Murray Rothbard's seminal critique of government intervention in the economy. Originally meant to be part of his magisterial Man, Economy, and State, it was published separately some years later. (For a discussion of this, see Justin Raimondo's An Enemy of the State: The Life of Murray N. Rothbard at 189-194.)

Unlike most Austrian school economists, Rothbard was an anarchist. In fact, he was the twentieth century's seminal figure in anarcho-capitalist thought. This means that Rothbard thought that not only roads and the like, but also national defense and courts could be provided without a state. (See his Society Without a State in the Libertarian Reader, ed. Machan, for a succinct presentation of his views.)

Rothbard starts out this work with a discussion of various types of government intervention in the economy. He divides them into three types: autistic (violent crime), triangular (tariffs, wage and price controls, licensing, etc.)and binary intervention (taxation and government spending). Following this is a discussion of antimarket ethics. There isn't an aspect of government intervention in the economy that escapes Rothbard's scalpel. As a whole, this is certainly an outstanding book. Take Rothbard's discussion of taxation. Many "right wing" economists support the sales tax on the ground that it doesn't discourage savings and investment. But it reduces people's income and thereby reduces savings and investment. It is a tax on income. [pp. 92-93.]

My main problem with this work is the sometimes simplistic discussion of complex problems and the leaps in logic. (I've discussed this is my review of The Ethics of Liberty.) Take for example the issue of immigration laws. "The advocate of immigration laws . . . really fears, therefore, is not so much immigration as any population growth. To be consistent, therefore, he would have to advocate compulsory birth control, to slow down the rate of population growth desired by individual parents." [p. 55.] Even in light of the entire 2 page discussion of immigration laws, I don't see how this follows. In this (and some other areas) the discussion is narrowly economic. Aren't there good reasons to restrict the type of immigrants? For example, if you have a society that is devoted to individual freedom and responsibility, isn't it wise to prevent immigration from those countries that don't support freedom?

If you want to know the essence of Rothbard, purchase this work; Man, Economy, and State; The Ethics of Liberty; and the Logic of Action.

if you feel a serious need to understand what is being done to you, and your business, by those in charge of the government, look no further! when you are done reading power and market, not only will you be able to criticize, you will understand the situation. by the way, this book reads fresh and new. it could have been written yesterday; and it is that relevance that makes it so special!

I would merely like to reiterate what Ludwig von Mises said of Carl Menger's Principles of Economics that "this book made an economist of me."