market-economics

I found this book to be very informative and useful. The knowledge passed on is very applicable to todays market trends. I have been studying the market for the past 9 years and have found this book to be one of the best I have ever read. Michael McDonald shows in this book why he is one of the best money market managers in the world today.

I took the time to read this incredibly detailed and insightful review on Michael McDonald's book; "The coming Roller-Coaster Market" I recommend this book to average investors and people that invest for a living. It has been written for the average Jo, but focuses on current and future trends. This is a must-read.

This is a very unique book. It covers topics
which other books do not. Most other investing
books look at stock picking, technical methods
for market timing, or basic value vs. growth
strategies.
This book goes beyond these areas and suggests
how and why value vs. growth cycles occur.
It also touches on topics not discussed in
other areas, like the earnings life cycle,
equity duration, and the macroeconomic variables
that influence the stock market. It also
touches on how institutional investors behave
and criticizes, justifiably, some of the
decisions they make.
I have read about 300 books on the markets,
and this is quite unique. I thought I had
read it all after over almost a decade as a
full time trader.

An insightful read. Perhaps more could have been made of the investment practicalities involved in when to actually make a transition from one style to another. It would also have been nice to have been given further details on style index constuction in order to aid the investment profesional. But overall, a seminal and defining book on style investment.

I bought several books on self publishing but was dissappointed because of their lack of information on several practical areas. Then I got this book from the library and I got all I needed to self publish my own book. This book is a sincere, practical, informative and excellent work. Everyone who is thinking of self-publishing should read it.

I thought that this book was absolutely wonderful. I bought a similar book on the same topic, but it was lacking information, so I went to the library and stumbled upon this goldmind. It's full of useful information, and it really is step by step--just what I need since I'm self-publishing my own book. I only regret that the publisher is out of stock because this is the book I'd like to own. Kavka and Heise have done a wonderful, informative job.

Tax The Rude, Not Me! is an hilarious, very clever collection of well-crafted observations of 568 "tax classifications" that would justifiable serve as "pay back" for stress causative idiots, morons, rascals and jerks that abound all around us in modern life. For example there is the Friend for Life Tax: Non-profit organizations that penalize you for making a contribution; you know they'll sell your name to other groups, so you'll be targeted for more appeals, forever. And then there's The Check's in the Mail Tax: Sellout politicians who make you wait longer and longer to enjoy your "golden years" by pushing back the eligibility age for Social Security benefits, hoping you're long dead before you can finally collect. Taken seriously, Tax The Rude, Not Me! could offer a blueprint for balancing the budget and paying off the national debt by year's end!

This book is funny as hell! I found myself laughing out loud as I immediately identified with the annoying situations described in the book. I'm glad this stuff doesn't just happen to me! As an accountant, the title enticed me into buying it, but I think everyone can relate to it. It's a collection of gripes for which clever tax names are assigned. One of the features of this book is how it reads. You read the name of the "tax", you read the description, you identify with it, and then the name becomes hilarious.

Some of my favorite taxes were the Conga Line Tax, the Premature Evacuation Tax, and the BYOB tax. I even came up with a few taxes of my own! Many of these "taxes" also heightened my awareness of what goes on behind the scenes in restaurants, doctors offices, and supermarkets, to name a few. I would definitely recommend this book. I think it also makes a great gift idea.

In Timing The Real Estate Market author Craig Hall makes the complicated process of buying low and selling high remarkably understandable. While no one can buy at the exact bottom and sell at the exact top, using Hall's tips will enable you to confidently buy low and sell high most of the time.

Timing The Real Estate Market is very different from other real estate investing books. Most real estate investing books only tell you what to buy and how to buy it. Hall's book is the first to tell investors when to buy and when to sell. Other real estate investing books say the only way to go is buy and hold till you die. Hall's book shows that conventional wisdom is wrong and that investors are often much better off buying in order to sell.

There are many real estate moguls that know what Hall knows. But Hall is the only mogul who is generous enough to share these insider tips with the masses.

Extremely valuable information for any real estate investor who wants an inside look at how a pro plays the game.

The stated purpose of the authors in this book is to bring order to the variety of models that have appeared in the analysis of international trade policy in imperfectly competitive markets. Throughout the book they rely on partial equilibrium models. When there are cases in which general equilibrium effects alter conclusions, the authors point them out.

The three central issues that recur in this book are the effects of trade policy on market power, the strategic effect of trade policy on competition and the effect of trade policy on consumer choice.

The defining feature of imperfect competition is that firms do not take prices as given. As a result they do not regard the sole effect of selling another unit of output on their revenue as being the price of that unit; they have some conjecture about what effect selling more will have on the revenue they get from inframarginal sales. The end result is that price normally exceeds marginal cost.

The ratio of price to marginal cost is one measure of market power. A trade policy may alter the markup of price over marginal cost in ways that are benefitial or harmful to the country that initiates the policy.

This book shows that problems involving market power can be analyzed by focusing on perceived marginal revenue -- the increase in revenue that a firm expects to receive by producing one more unit, which is always less than the price (because of the effect on intramarginal sales) but may exceed the true marginal revenue that would prevail if the industry acted in concert.

An aspect of the new literature on trade policy under imperfect competition is the possibility that interventionist trade policies may have beneficial strategic effects. A strategic move is an action that is not profitable viewed in isolation but that alters the terms of subsequent competition to a firm's benefit. For instance, a firm may invest in excess capacity that it does nor intend to use, but whose presence deters potential competitors from entering the market. Government trade policies may serve the same kind of role.

Some questions that this book brings up in this regard are: How likely is it that a government will be able to have the information necessary to conduct a successful strategic policy? and Are there likely to be offsetting effects in the kind of industry to which the strategic trade argument might apply?

Making a commodity is costly, but if its price exceeds its marginal cost, then the resources used to produce it might not have an equally productive use elsewhere. In priciple, policies that induce consumers to purchase domestic goods whose price surpasses marginal cost may raise national income.

Protection can under some circumstances induce an increase in domestic production that actually lowers prices to consumers.

Arguments based on imperfect competition, external economies and factor market distortions have substantial empirical support and are the most powerful professionally respectable arguments against free trade.

In international trade policy analysis, distortions that could justify government intervention were superimposed on a theoretical structure whose logic was that of competitive equilibrium. In the new theory the imperfections are built into the structure from the get go.

The reasons for treating trade policy conclusions cautiously are: 1) Uncertainty, the effects of a given policy may depend crucially on the details of the market. 2) Domestic political economy, there are people eager to appropriate the result of new trade theories to support dubious causes. 3) International rivalry, a policy that benefits one country acting unilaterally may be harmful if everyone does it.

Since quantitative analyses seem to indicate that the gains from even optimal intervention are small, many economists have suggested that free trade remains a useful rule of thumb, even though it is rarely optimal in modern trade policies.

The book develops the arguments gradually, starting with market structures that exhibit one-sided market power and moving on to those that show two-sided market power. After providing background on trade policy in a competitive environment, the authors discuss import protection by a country with a domestic monopoly or oligopoly. Then they deal with import protection in an economy that faces a foreign monopoly or oligopoly, while domestic supply is nonexistant or competitive.

Later in the book strategic interactions come in to play beginning with an export-market scenario whereby domestic firms with monopoly power compete with foreign firms with monopoly power too. This is followed by an exploration of the role of strategic interactions in a domestic market in which domestic firms with market power compete with foreign firms with market power as well.

Trade policy in the presence of two-way trade, which may arise from monopolistic competition in differentiated products or for strategic reasons, is also examined in this volume. Finally, the authors review the recent literature that tries to quantify the effects of trade policy in noncompetitive environments. The new methodology and the numerical results are discussed.

There are four main areas in the analysis of trade policy under imperfect competition that deserve further investigation: 1) Models of market structure that make size distribution of firms endogenous. 2) Models of cooperative behavior to reflect some real-world activities of oligopolists. 3) Models with real dynamics in which trade policy can change the long-run rate of growth. 4) Quantification to confront the models with data so as to narrow down the possibilities.

In its time, this was a ground-breaking book. Hopefully, since its publication in 1989, economic researchers around the world could have taken note of the fields where deeper work was needed and made significant progress in constructing better models. By now, there should be already something in print that sums up the gains in the past decade, so it would be advisable to try to look up these updated books too.

This slim volume presents the normative theory of international trade under imperfect competition in a systematic manner. One cannot help but come away from it with a profound sense of caution about the advisablility of policies aimed at shifting rents. This ought to be required reading for all policymakers interested in "strategic trade theory." Unfortunately, it is not.

This is a really good book for finding flea markets. Each state is covered (a map shows the state at a glance and the key fleamarket towns shown) and for each flea market it says the town, address & directions to get there, dates/times when its open, cost of admission, features such as typical types of items you'll find there, number of booths, rates if you're a dealer and want to sell at the flea market, contact info and web site if they have one.

Really full - it was neat to see Wellfleet covered in here. When I was little my grandparents (who lived on Cape Cod) would take me there to browse through the stalls - I usually had a small allowance of a dollar or two to spend....thank goodness my allowance is bigger now :)

Anyway, great book, seems to be really complete although I've only gone to a few local flea markets that I can get to.

Definitely recommend this as I haven't found anything else that comes close to being as good

see http://www.familyinternet.com/collectables/fleaad.htm for more rave reviews from CNN-TV, Newsday, Milwaukee Journal, etc.

I owe my success in the Japanese equity market to the author of this book. Thank you very much.

This is the best book ever written on the Japanese stock market. It explains everything that happened in the 1980s and why Japan fell to pieces. A must read.

Several members of my family are futures traders and this book captures the business perfectly. Also a good history, beginning before the Civil War and working its way toward the downfall of Long Term Capital Management. The author does a good job of mixing history, the markets and some great anecdotes together so you never get bored reading it. Valuable piece of history and worth the price.

This book is a history of the futures and derivatives markets from the 1850s to the present. It painstakingly traces the history of the markets as they developed in Chicago and later in New York. What I liked was that the author mixed a good amount of the institutional history with stories about trading scandals to keep the reader interested and entertained. The markets showed that they were always two-faced -- dealing with the public and also for themselves. They got more mature after futures and options were introduced in the 1970's but were still seeing scandal until the late 1990s when the narrative ends. The book also discusses the battle between the markets and the government along the way and it is an interesting part of the story. Makes you wonder whether Enron would have happened if there had been stronger regulators in place. A highly recommended book since it is the first history that I know of that covers this material. Seems a vital part of American history that has been overlooked until now.

This book pulls together to top scholars in the area of goals and decision making. The lead chapter by the authors really nails down the breadth and the depth of the field. In doing so it helps show why consumers aren't necessarily acting inconsistently when their behavior varies across occasions.

This is a timely topic, and it's tackled by a team of top-notch researchers. One of the first chapters (on goal structures) is a classic in that it really helps in understanding why consumers appear to be inconsistent, but are actually consistent in much that we do.

Many people have written many things on this topic. This book summarizes much of the best thinking in a credible, condensed, interesting manner.