market-economics

This book is outstanding. It explains every facet of investing: stocks, bonds, mutal funds, savings account, CDs, etc. It explains the differance between all investment agencies and also outlines each investment index. Lists numerous great websites . . .

What great timing for CNBC to come out with this classy and colorful guide to the fundamentals of investing! The rules have changed and there's nothing like CNBC to provide a back to basics approach that reminds you about the risks and potential rewards of the market. I just got my copy a few days ago and have already referred to it numerous times.

Common Stocks - Lifetime Prosperity is a rare book. It explainshowinvestors and money managers really work and how ordinary people can thread their way out of Wall St.'s traps. The book is aimed at an intelligent readership readership that has serious money to invest; it has no jargon or complex formulas. It carries a significant message. It is clearly written and easy to understand. It can be read in one sitting or many.

The book tells investors whom and what to avoid and how to profit consistently over a lifetime of investing. Best of all, it tells investors how not to lose. I wish I had known many years ago what this book says about mutual funds and foreign stocks. I would have kept a lot more money. Keep this book handy. Better still give a copy to your children before they start their 401ks or IRAs. They will thank you.

The Company of the Future

It is not often that one encounters the views of senior executives of large industrial companies on the subject of management with emphasis on the role of R & D. All the more rewarding are their contributions to this volume, which reflect deep insight into some of the issues which will dominate the companies of the future.

Each of the 6 chapters dealing with various aspects of management of large industrial companies was written by a different author(s). Some of the authors hold or have recently held senior executive positions in some of the largest companies in Europe and Japan. Some of the chapters are due to well established university professors from European management science faculties.

In the first chapter, Danielmeyer and Airaghi set out to provide a general framework and define the concepts which will provide the basis for managing global enterprise in the future. They develop a most rigorous and selfconsistent model based upon widely accepted economic data from many parts of the world. This model relates investment policies of nations and companies to their relative position in their competitive environment. The model also provides a firm basis for the appropriateness of various types of investments, for risk assessment and the role of employment. A persuasive aspect of the model is the fact that it is based upon the sort of mathematical rigor and analysis usually associated with the physical sciences. While the equations lend clarity to those familiar with calculus, the text is understandable without it.

Both the application of the model to the economic future outlook and the role of R&D in corporate strategy reveal a depth of understanding borne of intense involvement with the direction of major multinational corporations as well as hands on management of major R & D operations. The model is also used to derive and recommend a number of effective management tools.

This ~50 page essay is the most insightful, relevant and concise presentation of the subject of managing large R & D intensive companies, I have come across.

A chapter due to Paganetto deals with "The System Company" where the author addresses some problems associated with companies where technology management and system integration play a major role. The unique challenges to the system integrator who in some way needs to manage other enterprises who are part of the system supply chain will be faced by many companies of the future.

Takeda's chapter on hands on Technology Management is based upon a life long career with Hitachi where he moved from the research laboratory to Managing Director of the company. His strategies for technology management and resource allocation for R & D activities are well illustrated by specific examples.

Nakahara's contribution focusing on the multinational aspects of global enterprises is based upon his long experience with Sumitomo and MITI . He draws attention to the need for greater compatibility in methods of capitalization of R & D and the need for more uniformity in international tax - and intellectual property - laws.

Perlitz's international consulting experience has convinced him of the need for more flexible accounting for R & D intensive high tech companies. He presents the elements of a new Flexible Innovation Accounting System and a method for Goal Oriented Performance Evaluation and Process-oriented Cost Accounting.

The multiple authors bring a diversity of experience and view points to the topic which makes the book relevant to a wide range of enterprises. Since this volume is a collection of essays, rather than the sort of integrated treatment one would expect from a single author, readers will find some essays more relevant than others and the subject matter treated unevenly. This reader, an experienced research manager, found little of relevance to the Company of the Future in the wide ranging study of past and current patterns in R & D management and funding in Europe and Japan (Chapter 2).

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this author, mr. erhorn, "might" just be the father of a friend of this valued amazon.com customer... and if you're around 20-22 years old and want some food for thought, or maybe if it's required for class, keep that in mind.

I have been putting off a call or visit to the Social Security office with questions about my own benefits. As soon as I opened this book and saw the first chapter about Social Security and all the subtitles, I knew this was a going to be very helpful both for my aging mother and me. The table of contents is so clearly outlined that I was able to access directly the information I needed in a few seconds. No telephone call or visit to a government office was needed. Although I haven't needed information on the other subjects yet, I can see it will be helpful for questions on health care, taxes and Living Wills. This is a great resource-easy to read, easy to understand and very useful. It is a great resource book. I wish I had known about it sooner. I am going to start giving it to my friends for birthday gifts!

Constructing A Market Economy: Diverse Paths From Central Planning In Asia And Europe by Richard Pomfret (Professor of Economics at the University of Adelaide, Australia) is a meticulous and scholarly study of recent economic upheavals among the small nations in Europe and Asia during the 1990s. Accessibly presented empirical evidence underlies the broader postulates and conclusions in this insightful analysis, which primarily focuses upon the different types of international transition economies, rather than dwelling inordinately upon the economy of any one nation. A serious, thoughtful, college-level account, Constructing A Market Economy is a welcome and significant contribution to academic International Economic Studies reference collections and supplemental reading lists.

I can't say anything more about this book. The author's presentation skills and overall arrangements are marvelous. It's not only informative to read it, but extremely fun! Though my firm specializes in securities, internal control, and compliance areas, I still regularly raise those issues highlighted in this book to my colleagues over email or during conference. We all benefit from it a lot.

It's not a textbook, yet might be used as one. It's not exactly a monography, yet ex-post may be considered as one. "Contestable Markets..." is a detailed exposition of a consistent theory of market structure and its determinants. In fact, it's built upon innovative work of late 70s and early 80s that not only provided a new set of tools for examining imperfect market structures, and natural monopoly in particular, but also provided (de)regulatory institutions with much needed theoretical agenda in the 80s.

It is an essential reading for anyone specializing in the field of Industrial Organization. Parts of the book may be of use for the advanced microeconomics course.

Jess Lederman, one of the editors of this book, has written or edited many books on mortgage banking, markets and interest rate risk - he is simply the most-informed writer on the subject, and if this is your area of interest I recommend you pick up anything he's been involved with and read it.