market-economics

This book was well written for the rookies and professionals. Authors explained the trading process from pre-trade to post-trade analysis, with added topics like impact cost and VWAP. Great explanations. A must have desknotes.

This is an excellent financial resource for the seasoned professional or enthusiastic student. The book is the first of its kind to address finance and investing from the point of view of the trader.

It widely known that improper implementation of an investment decision can negate much of a manager's anticipated alpha, but how exactly should managers examine the set of potential implementation schemes? The solution to this question is the primary focus of Optimal Trading Strategies. The authors provide a very thorough investigation of transaction costs (e.g. when, where, and why they arise) and continue with an easy-to-understand analytical process to estimate, manage, and control those costs. The authors' approach to developing these "optimal trading strategies" also turns out to be the basis for achieving "best execution." The net result to managers is higher returns. I highly recommend this reference for anyone interested in understanding all aspects of finance and investment theory, and it makes a wonderful complement to graduate level texts.

Ever since Datek took advantage of the Small Order Execution System and made day-trading popular, every day people have been looking for a sensible way to make money trading stocks.
They are now learning the tools that large investment companies have been using for years. Every basis point counts.

Anybody interested in Program Trading needs to read this book.
I cannot recommend this more highly, and this comes from a comlpetely unbiased review of an excellent book.

This little book is a fantastic introduction to some of the powerful ideas introduced by Coase. Coase initiated two different ideas that today govern or inform much of the work of economists. The first was his introduction of the idea of "transaction costs", from an article suggesting an investigation into the root causes for industrial organization. The second is now known as the Coase Theorem, and stems from his insightful refutation of the Pigouvian view of social cost. There is also an article investigating the actual history of lighthouses in England, something which has usually been cited as a pure public good, and therefore requiring government provision. The history shows that most lighthouses - in some periods, all lighthouses - were privately provided. Coase's writing is lucid, his ideas profound, and his influence widespread. This collection is very important to anyone wanting to understand externalities, transaction costs, and social welfare.

Ronald Coase, though not an economist, in this book develops the rationale for the existence of firms (the reduction of transactions costs), an insight that has revolutionized the field of microeconomics since its publication (the original essay was published in the 1930s). He also touches on arguments related to monopolies (and when they should and should not be curbed by regulation). Despite the deep implications, it is written in an easily readable format.

This collection of seven of economist Ronald Coase's essays provides important understanding of the workings of market economies, the boundary between private and public, and what determines the size and structure of a firm. Coase distinguished his work from other economists by focusing on the role of transaction costs-now a common theme in discussions of the new economy. If you read only one of the chapters, it should be "The Nature of the Firm". Here Coase provides the intellectual foundations for strategic thinking about business architectures, mergers and acquisitions, outsourcing, and collaborative commerce. Some of this work was later elaborated on by Oliver Williamson (see his 1985 book, The Economic Institutions of Capitalism.) Like Joseph Schumpeter, Ronald Coase is an economist whose works from decades ago are now more relevant than ever. While Schumpeter's phrase "creative destruction" may be more memorable, in the end it is Coase's views on transaction costs and the nature of the firm that may be the more significant (and certainly more readable).

If you are new to trading, or are interested in learning about the futures markets, then you will not be disappointed with this book. I was definitely impressed with the amount of market information that it covered. The History of the Futures markets, fundamental & technical analysis, mechanics of the trading floor, margins, interpretation of news, are all explained. In addition, it contains a great section on trading techniques for each specific commodity market. This would make a great reference textbook for seasoned traders and brokers as well. I would definitely recommend this book.

Utilizing her years of experience as a floor broker and expert futures market commentator (Bloomberg TV), Donna Kline successfully addresses a broad array of futures related topics in a pragmatic and succinct manner that is easy to absorb. Whether you are an experienced trader, or more importantly, a neophyte to the futures market, Donna Kline's "Fundamentals of the Futures Market" is an ideal primer.

"Fundamentals of the Futures Market" is an excellent addition to any intelligent investor's library collection and further validates Donna Kline's status as a maven within a market known for nebulous and sometimes treacherous trading conditions.

Anyone who watches Donna Kline on Bloomberg Television knows she's the authority on futures and credit markets, a knowledge she shares in Fundamentals of the Futures Market. Written for those with some experience in financial markets, Fundamentals of the Futures Market takes the reader step-by-step through the process of evaluating, buying, and selling futures. The book traces the history of financial markets and the development of futures trading, defines the key terms, and outlines the external factors -- from the economy to the weather -- that affect futures prices. Drawing on her years of experience in and around the trading pits, Kline also offers tips for traders and dealers. It's full of practical advice, leavened with humor and clear cautions about the dangers inherent in trading. Buyers, brokers, and those who follow the futures markets should keep this handy reference nearby.

The Personal Efficiency Program is exactly that, a program to help you get organized and stay organized so that you can get more done in less time. The overriding theme is to do things now and don't put them off. The book covers all the bases for organization from developing a routine, planning processes, following through, managing and maintaining. The area that it does not cover is the psychological factors in getting things done. For example, one of the books that I read noted that one of the problems with a "to-do" type list is that we tend to look at it and do the easiest or most fun things first. So, as a result our reward for completing one of the items on our "to-do" list is that we get a less desireable and more difficult task to do next. Rearranging the "to-do" list so that you do the most difficult and least fun things first you set yourself up for success because as a reward for doing the difficult item you get a less difficult item or more fun item to do. I know it is just playing games, but it does affect how well people get their "to-do" list completed. I wish that he had included research like that in the book in addition to all of the good ideas for organizing and keeping track of things.

This book is designed solely for the work environment and getting things organized and done at work. Still many of the items can be applied at home too. It is a good book and a good read with a program that works if you implement and practice it.

Kerry Gleeson's Personal Efficiency Program is the famed system for multiplying productivity that has already revolutionised the work lives of over 300,000 people around the globe. In this book Gleeson offers an updated and expanded edition of his classic guide to working faster and smarter, giving you all the tools you need to get control of your workload-and your career.

This second edition also includes expanded information on conquering information overload, using the Internet to save time and energy, and managing today's faster-paced and multi-located work environments. Whether your goal is to be more productive, build a more rewarding career, or just leave the office on time, The Personal Efficiency Program can help you achieve it.

Kerry Gleeson is creator of the Personal Efficiency Program, whose clients include executives from world class companies. His work as today's premier expert on personal productivity has been featured in leading business publications.

Author Kerry Gleeson, a specialist in white collar efficiency and productivity, describes a do-it-now program for becoming more organized and effective. As might be expected, this is a well-organized book. Gleeson outlines some familiar approaches to getting organized, such as setting up an office system that deals with paperwork effectively. The book becomes more informative when it discusses some less familiar organizational techniques, such as planning chunks of time to deal with similar tasks, using technology and establishing routines for maintaining your organizational system. The book's major strength is the detail it offers about setting up files and systems, and following through on organizational initiatives. We enjoyed Gleeson's case histories of reorganizing various offices. She uses many of her basic principles in common sense ways - and the messes she repairs will make you feel like the top of your desk may not be hopeless after all.

Having studied Advanced Candlesticks and the more complex methods of technical analysis, reading Mr. Saul's work was refreshing. It was clear, concise, and useful. And it's a huge difference to read clear concepts from an actual trader, instead of an academic with no trading experience. Saul will give you a winning strategy and an edge over other traders.

I wish he had written this book 4 years ago, it would have saved me $$$ that I needlessly spent on other technical analysis books.

Michael Saul puts charting and trading off the charts into simple and easy to understand direction. While a lot of people like to complicate the art of trading, Michael breaks it down into a strategic pattern to be a successful trader. My trading has improved dramatically and can now say I am well on my way to being a full time successful stock trader and controlling my life with the expert help of Michael "Tiny" Saul

STJINC

I've read many books on TA, but this one takes the cake. It's easy to understand and extremely concise. Mr. Saul explains several market indicators and how they relate to overall trends, but more importantly, he covers the false readings that those indicators can sometimes project, -and how to identify such anomalies. I am a day trader, and this book has found a home on my trading desk. If you trade, or if you just invest, -know what your broker knows, and buy this book.
- JDL.

The raw emotion and insight into emerging markets contained in this book clearly illustrates the importance and means of establishing long term global relationships, on an equal footing basis, combined with proven business tools for the development of long term profitable business within the world's emerging markets. An essential read for those serious in establishing long term profitable global business.

This book should be used a text for all MBA classes that look at international strategy. I really enjoyed the illustrations and examples.

It' s a very valuable work and push to think (or rethink)strategy and approach for doing business in emerging markets ; as the best travel guides , it treats the subject with insight and a lived knowledge: It is a very useful travel plan to develop business in emerging countries .

This book is both enjoyable and informative. I will find time to read it again.

I have just read the first three chapters and it looks like I'll finish it soon. Key Financial Instruments is the only readable book on derivatives that I have come across.

incredibly well written - like JK Rowling of Harry Potter and Michael Lewis of Liar's Poker combined

Having owned a specialty food store, and having developed a unique food product that distributors were interested in marketing through convenience and other specialty food stores (including McDonald's Express) I can attest to the accuracy of most of this book.

If you are already producing a great tasting product in a restaurant or Deli and making a living, you probably are wise to concentrate on expanding your retail business. If, however, you are tiring of the daily grind of running a small retail business, but wish to concentrate on producing your product rather than serving it to the public, then you probably have considered wholesaling.

Your wholesaling options are numerous. For marketing through supermarkets I advise you to thoroughly read Packaged Facts book, How To Get Your Product Into Supermarkets.

First, though, you should try marketing through more specialized channels. Health Food Stores, C-stores and nearby deli's and local grocery stores. In such cases you will absolutely need this book and will find it saves you serious bucks and a lot of questions posed to distributors, health officials and your suppliers. I know, because I spent months researching the options and not finding half the information that this book so succinctly provides.

Note: I had so little success finding the information that I chose to team up with a businessman and I became vice president of Billy Bob's Pot Pies in Canby, Oregon. The ill-fated franchise attempt resulted in me returning to work in the Middle East so I could save enough bucks to start producing my meat pies for specialty markets....

This is well done, by one who has spent the time and provided his knowledge to prospective entrees into this market.

The material is up-to-date, with great stuff on Web Page Development, etc. I found his advice on channel management, i.e. where to sell, on finding distributors to be very useful.

All pertinent areas are covered, packaging to promotion to positioning. This is fine overview of the biz from a pro who has been down the paths and knows what it takes, then communicates it in an understandable, digestible and attractive manner.

I use From Kitchen to Market as the text for the weekend class that I teach through University of California Davis Extension, Getting Started in the Specialty Food Business. Hall's book is excellent; it is practical, not obtuse. He gets to the nitty-gritty of how to develop and launch a product. He also emphasizes the need to be market-oriented. You won't be guaranteed success just because you make a great tasting product; Hall discusses how you need to package,market and distribute your product effectively.

I am already a manager, and alot of the advice in this book I completely agree with. I also enjoyed Oz's casual style, and Palvia's witty cartoons.

Great book. This book has been reviewed by the following publications:
1) Business Library Review International, founded The Wall Street Review of Books before becoming BLRI.
....Effy Oz's cartoon supported guide to business-a perfect high school graduation present. Nuggets of wisdom includes his observation that "Objectively, your performance may be excellent, and yet, people may not like you"(p.49); "Organizations are systems made up of people"(p31); "Be PC (politically correct)" (p119)

2) Dennis McCafferty, writer for USA Weekend
.....Oz's observation that it is a mistake to avoid office politics is worth noting....

3) Business Journal, Allentown, PA
....Oz offers many good tips, eg, One good word about you from an insider is worth more than a thousand recommendations from former professors...you should not let anyone leave a meeting without summarizing theree things: what is to be done, who will do it and when is the deadline... .

3) Journal of Information Technology - Cases and Applications
....something you will not learn in Harvard Business School...meets a largely unmet need... .

This small and entertaining book is a must for any beginning manager. Easy to read and highly informative. It helped me a lot.

Wherever buyers and sellers get together, there is a market. In the absence of currency, trades have been consummated by assigning relative value to items (e.g. livestock, weapons, clothing) or services (e.g. plowing, medical care, harvesting). Throughout human history, there have been markets in one form or another at which people exchanged or purchased goods of various kinds, usually in a centrally located area such as a crossroads, harborside, village center, or town square. Buyers and sellers (or traders) gravitated to markets where and when there would be the most people. At least to some extent, all that remains true today even with the emergence of cybermarkets. Effective marketing in the 21st century creates or increases demand first by attracting interest. Hence the importance of visibility. It must also provide a convincing argument as to why a given product or service is preferable to other options, including not purchasing anything. Supply and demand often come into play. Pricing is frequently a decisive issue. For centuries, be it in an ancient bazaar or modern market, buying/selling/trading is among the most dynamic of human activities.

In this lively as well as informative book, McMillan offers "a natural history of markets" which helps us to gain a better understanding of how markets work as well as of what they can and can't do. "Markets do what they are supposed to do, however, only if they are we structured. Any successful economy has an array of devices and procedures to enable markets to work smoothly. A workable platform has five elements: information flows smoothly; property rights are protected; people can be trusted to live up to their promises; side effects are curtailed; and competition is fostered." I agree with McMillan that, as a result of innovations made by participants, "spontaneous evolution is the main driver of [private sector] markets" if and when provided with assistance from the public sector (i.e. government).

Because throughout history the strength of markets has been their adaptability and their "restless reinvention," McMillan argues, shaping new markets is both a task for governments and an opportunity for entrepreneurs. Appropriate involvement by the former ensures, for example, the protection of intellectual property; appropriate involvement by the latter ensures that the process of adaptability and reinvention is sustained. There are so many excellent books now in print which discuss the most effective marketing strategies and tactics.

Secondarily, McMillan examines several of them but his primary purpose, as I understand it, is to explain how and why the market economy ("...the worst form of economy, except for all the others which have been tried from time to time") "solves some all but intractable problems...[because] it admits variety and permits criticism" This book will be of greatest interest and value to decision-makers with responsibility for marketing within organizations which either have no "workable platform" or one which may soon collapse from the weight of external competition or internal inadequacy.

I also highly recommend this book to those who have a keen interest in cultural anthropology. As suggested earlier, the bazaar or market has always been and always will be among the most dynamic of human activities. Why? Because it must constantly be reinvented to accommodate ever-changing human needs and interests. McMillan's comprehensive analysis of that volatile process is a unique and brilliant achievement.

Reinventing the Bazaar used real-life examples to make markets understandable to any reader. From pharmaceutical companies to the Tokyo fish market, McMillan brings markets alive right in front of the readers' eyes. He attempts to demystify the mystery behind markets, and in my opinion, he succeeds. Each chapter presents a new market setting which McMillan uses to illustrate his various points. While the book has an economic undertone, the level of writing is not above the understanding of even a high school student. All terminology is explained not only with words, but with examples, as well. The book was enjoyable, especially if you have little familiarity with various market settings. However, I would encourage anyone to read this book because even the experts on markets will have their knowledge enriched by this book.

This book provides the reader with essential background information on the history of markets, how they work, and some of the controversies behind them. Crucial for a well-rounded understanding of our economic system.