The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism (New Directions in Modern Economics)

Book Description

Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands-some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion.

To study the determination of the natural rate path, Phelps constructs three stylized general equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels-the phenomenon of the "incentive wage"--and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysis shows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path).

In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.

Equilibrium Business Cycle Theory in Historical Perspective (Historical Perspectives on Modern Economics)

Average customer rating:

Equilibrium Business Cycle Theory in Historical Perspective (Historical Perspectives on Modern Economics)
Kim Kyun
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Paperback

Economic History | Economics | Business & Investing | Subjects | Books

Macroeconomics | Economics | Business & Investing | Subjects | Books

Theory | Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books
ASIN: 0521024927

Book Description

This book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two cental principles of the EBCT: its optimization foundation and its economic strategy. Following along these lines, the author argues that the EBCT succeeds the tradition of the Austrian cycle theory that attempted to incorporate the cycle with classical equilibrium doctrine. He further argues that the EBCT's econometric strategy is only a child of the Cowles commission method. Presenting a fresh viewpoint of interwar macroeconomics in very readable style, this book brings the period back into the heart of macroeconomic thinking today.

Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment (Historical Perspectives on Modern Economics)

Average customer rating:

Laidler skips the mathematical models of Keynes and Pigou

Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment (Historical Perspectives on Modern Economics)
David Laidler
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Hardcover

Economic History | Economics | Business & Investing | Subjects | Books

Theory | Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Business & Finance | New & Used Textbooks | Stores | Books

Essays on the Great Depression

ASIN: 052164173X

Book Description

It is a commonly held belief that, in 1936, Keynes' General Theory ushered in a new era in economic thought, with faith in the free market being replaced by reliance on systematic government intervention as a means of keeping the economy on an even keel. This book surveys the writings of a large number of economists in the interwar years and argues that the "Keynesian Revolution" is a myth, and that the "new economics" was a careful and selective synthesis of an "old economics" that had been developing for twenty years or more.

Customer Reviews:

Laidler skips the mathematical models of Keynes and Pigou.......2004-10-16

Laidler writes the following in the preface to his book :"...I have relied first and foremost on my reading of primary sources...In this way,I hope that readers who disagree with me about any particular point will be able to go directly to the sources of my views and test for themselves those views,as well as their own,against the evidence.After all,the decisive element in any debate in the history of economic thought must always be what the primary liturature actually says."(p.xiv).Unfortunately ,Laidler(L)doesn't follow his own advice.A major portion of the evidence is the mathematical models constructed by Pigou in his 1933 book, The Theory of Unemployment(TU), and by Keynes in his 1936 book ,The General Theory(GT).None of the mathematical modeling of Keynes or Pigou appears anywhere in L's book.In fact,it appears that Laidler deliberately skipped all of the relevant primary mathematical evidence.This lacuna is so great that it would be a waste of the potential reader's time to attempt to follow L in his unsupported claims and conjectures.Finally, Keynes didn't fabricate his GT.It is easily derived from chapters 3,10,20 and 21 of the GT.Pigou's special theory is easily derived from chapters 8-10 of Part II of TU.Keynes then compares the two theories in his appendix to chapter 19 in great detail.Keynes shows that Pigou's theory is that full employment will always automatically result if the real wage is equal to the marginal product of labor.Let w equal a fixed uniform money wage.Let p be the general price level in Pigou and the expected general price level in Keynes.Let MPL be the marginal product of labor in a short run analysis with the capital stock held constant.Pigou's special theory states that a full employment, macroscopic level of output occurs if w/p,the real wage,equals the MPL(w/p=MPL).Keynes's general theory of employment occurs if and only if w/p=MPL/(mpc+mpi).The marginal propensity to spend on consumption goods is denoted as mpc and the marginal propensity to spend on investment goods(factories,plants,equipment and machinery)is denoted as mpi .Pigou's theory is a special case of Keynes's general theory that occurs when mpc+mpi=1.Only in this case would you have no involuntary unemployment.If mpc+mpi is less than 1 then some amount of labor will always be involuntarily unemployed.It(mpc+mpi=1) requires that the economy is always operating on the boundary of the Production Possibilities Curve.The potential reader is advised not to waste his time and money purchasing this book.

Investment Cycles in Capitalist Economies: A Kaleckian Behavioural Contribution (New Directions in Modern Economics Series)

Average customer rating:

Investment Cycles in Capitalist Economies: A Kaleckian Behavioural Contribution (New Directions in Modern Economics Series)
Jerry Courvisanos
Manufacturer: Edward Elgar Publishing
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Microeconomics | Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

Theory | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books
ASIN: 1858984106

Average customer rating:

Modern Business Cycle Theory

Manufacturer: Harvard University Press
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Microeconomics | Economics | Business & Investing | Subjects | Books

Theory | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Production & Operations | Management & Leadership | Business & Investing | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0674578600

Book Description

The new classical approach to macroeconomics, which assumes that people gather and use economic information efficiently, has been the most important theoretical advance since the Keynesian revolution of the 1930s. This hook surveys the major contributions of the "second generation" of proponents of the new classical approach, emphasizing real business cycle theories and applying them to a variety of phenomena.

The chapters include expositions of growth theory, real models of business fluctuations, the informational role of prices, consumption, fiscal policy, rules versus discretion in monetary policy, time consistency and policy, and monetary models. Although the chapters are aimed at advanced undergraduate- and graduate-level students, they will also be of interest to researchers who are looking for a compact and original exposition of the new classical macroeconomics.

Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics)

Average customer rating:

Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics)
J. Daniel Hammond
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Hardcover

Economic History | Economics | Business & Investing | Subjects | Books

Money & Monetary Policy | Economics | Business & Investing | Subjects | Books

Theory | Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Business & Finance | New & Used Textbooks | Stores | Books

Book Description

Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive features of Friedman and Schwartz's way of doing economic analysis--their National Bureau business cycle methods and Friedman's Marshallian methodology. Drawing extensively on unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of the methodological impediments.

The Austrian theory of business cycles: Old lessons for modern economic policy? (IMF working paper)

Average customer rating:

The Austrian theory of business cycles: Old lessons for modern economic policy? (IMF working paper)
Stefan E Oppers
Manufacturer: International Monetary Fund, Office in Europe
ProductGroup: Book
Binding: Unknown Binding

Economic Policy & Development | Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books
ASIN: B0006RTR2E

Business cycle analysis and forecasting with modern control theory (Economics discussion papers)

Average customer rating:

Business cycle analysis and forecasting with modern control theory (Economics discussion papers)
Keshav P Vishwakarma
Manufacturer: School of Economics, La Trobe University
ProductGroup: Book
Binding: Unknown Binding

Theory | Economics | Business & Investing | Subjects | Books

Production & Operations | Management & Leadership | Business & Investing | Subjects | Books
ASIN: B0006EAWT4

Average customer rating:

Handbook Modern Business Cycle Theory
R. Barro
Manufacturer: Blackwell Publishers
ProductGroup: Book
Binding: Textbook Binding

General | Popular Economics | Business & Investing | Subjects | Books

Macroeconomics | Economics | Business & Investing | Subjects | Books
ASIN: 0631152717

Book Description

For generations we've been taught: Tithe to the church.

Ironically, the Bible speaks of something entirely different. Throw Open the Floodgates chronicles how the author's personal journey to understand the tithe uncovered a new, refreshing portrait of our loving Heavenly Father. Throw Open the Floodgates takes you on a breathtaking journey through the scriptures and shows God's clear intention for giving and tithing for the modern-day church. What you read will both surprise and excite you. No longer will you view the tithe as a stale religious tax, but as a rich invitation to actively participate in a work that is completely in keeping with the gracious and loving nature of God. Throw Open the Floodgates will revolutionize your views of New Testament giving and the mission of the local church in the building of the Kingdom of God.

Customer Reviews:

Know what God says about the tithe? Think again!.......2004-08-19

This book is a refreshing new look at God's true intent for the tithe, as revealed in the Scriptures. Many Christian organizations today have cast the tithe as a divine tax for conveniently funding their going concerns. By extension, God has become the divine taxman who expects believers to tow the line with their pocketbooks. Whigham's book challenges that notion with another interpretation of the Scriptures that will cause the reader to rethink not only the tithe, but the nature of God Himself. Some Christian leaders will feel threatened by this read, but let the chips fall where they may...

Book Description

Examines the strategic issues executives need to know to take their business forward in the digital age.

Welcome to the Wired World: The New Networked Economy

Average customer rating:

Welcome to the Wired World: The New Networked Economy
Anne C.; Clarke, Arthur C. Leer
Manufacturer: Financial Times/Prentice Hall
ProductGroup: Book
Binding: Paperback
ASIN: B000OR5GWQ

Jump Into Janitorial: How to build a cleaning business netting over six figures a year.
Average customer rating:

Close - but no cigar

Jump Into Janitorial: How to build a cleaning business netting over six figures a year.
Ron Piscatelli
Manufacturer: AuthorHouse
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books
General | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Start Your Own Cleaning Service (Start Your Own )

Commercial and Residential Cleaning Services: A Resource Guide to Developing and Maintaining Your Own Janitorial or Home Cleaning Business

Cleaning Services Bid Estimation: A Resource Guide to Cleaning Services Bid Estimating, Work Loading, and Cost Accounting

The Cleaning Encyclopedia

Sales and Marketing for Janitorial Service Businesses : Strategies for Promoting, Estimating, and Bidding Cleaning Services

ASIN: 1418444928

Book Description

Inside you will find A complete plan to build a six figure income and more. These powerful lessons can be used right away to organize and build your janitorial business. Topics as: * The perfect client profile of customers to look for. * How to market your company. * How to make sales. * How to organize your business. * How to recruit great dependable labor. * How to retain labor. * How to train your workers. * How to give a great consistent service. Start today to build a profitable cleaning business! Ron Piscatelli is an entrepreneur and successful author of "Coffee Break Wisdom on starting a successful business," and author of "Pasta FaZool for the Soul," the Italian cookbook everyone is talking about. Visit Ron Piscatelli at: www.RonPiscatelli.com

Customer Reviews:

Close - but no cigar.......2005-10-21

I was disappointed that the "secret" in janitorial marketing was to focus on accounts that only need 2 cleanings a month and can be charged $199 for that effort. If a place is so clean that it only needs a vacuuming and restroom cleaning once every two weeks - then it seems unlikely they would even bother to hire out. As stated in the book, they probably do some of the cleaning themselves - I agree, so why not do all of it themselves? Most business owners are savvy enough to get a couple bids before signing a contract - none of the other cleaning services would estimate a 2 hour job at $199 per month.....more like $50 per month. Furthermore, the idea that the 1 hour time to clean can actually be done in 1/2 half hour...is really rather ludicrous. Thus - the whole premise of the book seems to fall flat. I suspect a person can make a six figures a year in janitorial, but it has more to do with top notch delivery and hard work than "secret" marketing focus. On the plus side - lots of good common sense, business, and organization "pearls". Would have been a better read for about 10 bucks - but the key to six figure income is obviously - overcharging. In summary - six figures a year in the cleaning business is best achieved by writing a book claiming to show how to make a six figure income jumping into janitorial.

Listening With Love: Pastoral Counselling - a Christian Response to People Living With HIV/Aids
Average customer rating:
Listening With Love: Pastoral Counselling - a Christian Response to People Living With HIV/Aids
Robert Igo
Manufacturer: World Council of Churches
ProductGroup: Book
Binding: Paperback

AIDS | Disorders & Diseases | Health, Mind & Body | Subjects | Books
Ministry | Ministry & Church Leadership | Christianity | Religion & Spirituality | Subjects | Books
General | Theology | Christianity | Religion & Spirituality | Subjects | Books
General | Religion & Spirituality | Subjects | Books
AIDS | Sociology | Social Sciences | Nonfiction | Subjects | Books
ASIN: 2825414549

Classroom Conflict Resolution (Strategies, Techniques, Practical Approaches)
Average customer rating:
Classroom Conflict Resolution (Strategies, Techniques, Practical Approaches)
Craig Pearson
Manufacturer: Learning Handbooks
ProductGroup: Book
Binding: Paperback
ASIN: B000OEK4BC

Product Description

This handbook is loaded with practical suggestions for ending classroom conflict among students and between teacher and students. It will help you to create a classroom where cooperation, communication, self-discovery and awareness will grow. Content includes: how to channel disruptions into constructive behavior, how to help kids share in the resolution of conflicts and become involved in establishing their own rules, techniques for reinforcing positive classroom behavior, how to establish productive classroom meetings, how to avoid aggravating a conflict, and how, when and where to involve parents and principal.

Average customer rating:

Positive Listening
Warren H. Reed
Manufacturer: Franklin Watts Ltd
ProductGroup: Book
Binding: Paperback

Running Meetings & Presentations | Skills | Business & Investing | Subjects | Books
ASIN: 0531095835

Positive listening: Learning to hear what people are really saying

Average customer rating:

Positive listening: Learning to hear what people are really saying
Warren H Reed
Manufacturer: F. Watts
ProductGroup: Book
Binding: Unknown Binding

Positive Self-Image & Confidence Subliminal Program, Easy Listening (Subliminal Success)

Average customer rating:

Positive Self-Image & Confidence Subliminal Program, Easy Listening (Subliminal Success)
Jonathan Parker
Manufacturer: QuantumQuests International
ProductGroup: Book
Binding: Audio CD

General | Self-Help | Health, Mind & Body | Subjects | Books

Self-Esteem | Self-Help | Health, Mind & Body | Subjects | Books

Healthy Living | Personal Health | Health, Mind & Body | Subjects | Books

General | Occult | Religion & Spirituality | Subjects | Books

General | Books on CD | Audiobooks | Formats | Books
Accessories:

RESPeRATE Blood Pressure Lowering Device
Airborne Effervescent Health Formula, Original Orange, 10 Tablets (Pack of 3)

ASIN: 1584000481

The Power of Effective Listening: Learning Skills that Help Make all Your Relationships Positive and Productive (Smart Tapes)

Average customer rating:

The Power of Effective Listening: Learning Skills that Help Make all Your Relationships Positive and Productive (Smart Tapes)
Jim Cairo
Manufacturer: Oasis Audio
ProductGroup: Book
Binding: Audio CD

Communications | Skills | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Books on CD | Audiobooks | Formats | Books
ASIN: 1589263367

Fearless Interviewing: What to Do Before, During and After an Interview
Average customer rating:

Never say Never Again1

An absolute must-have for anyone on the job market!

An absolute must-have for anyone on the job market!

An absolute must-have for anyone on the job market!

Fearless Interviewing: What to Do Before, During and After an Interview
Marky Stein
Manufacturer: iUniverse.com
ProductGroup: Book
Binding: Paperback

Job Hunting | Job Hunting & Careers | Business & Investing | Subjects | Books
Interviewing | Job Hunting & Careers | Business & Investing | Subjects | Books
General | Popular Economics | Business & Investing | Subjects | Books
General | Business & Investing | Subjects | Books
Similar Items:

Fearless Interviewing: How to Win the Job by Communicating with Confidence

ASIN: 059519298X

Book Description

Simply and expertly covers ALL the bases from "hello" to the moment you sign for a salary higher than you ever dreamed possible. A MUST!

Fearless Interviewing is a complete, up-to-date, clear and easy-to-read guide to successful interviewing. Marky Stein systematically guides the reader through every step necessary to leap ahead of the competition and win the job. After reading this book, you'll have the power to communicate the confidence, knowledge, and competence that will win over even the most jaded interviewer.

Fearless Interviewing provides an abundance of detailed, realistic and easy-to-follow examples. Its eighty-one pages include how to make a terrific first impression, how to express yourself both verbally and non-verbally, how to negotiate your salary and even how to deal with multiple offers.

It is a delightful book and wonderful to read. Fearless Interviewing is truly a must for every jobseeker's library. Each chapter, in itself, is worth the price of the book. Marky Stein's Fearless Interviewing may be the only book you'll ever need on interviewing!

Customer Reviews:

Never say Never Again1.......2002-03-06

Interviewing for a new job has got to be one of the most nerve racking experiences that we all have to face at one time or another. But, there is help! Reading Fearless Interviewing should be the first thing that you do when you think about looking for employment. This book should be presented to high school children all over the nation. This book gives you ALL of the tools that you need to enter an interview with all the confidence of an old pro. If you follow each step presented, you are all but guaranteed to walk out of the interview with a new position and high salary. This book can make all of your employment dreams come true. I know it did for me. Thank you Markey for your very important advice!

An absolute must-have for anyone on the job market!.......2001-10-01

This powerful little book is the essential guide to interviewing. Marky Stein covers everything you will need to know in order to succeed. Simple, straightfoward, and thorough advice from a top expert in the field of career coaching. This practical step-by-step approach can help anyone prepare and build self-confidence before going out on the job market. Her wise counsel and warm encouragement were just the support I needed. A true goldmine!

An absolute must-have for anyone on the job market!.......2001-10-01

Book Description

The Complete Idiot's Guide to Online Personal Finance is the novice's guide to personal finance and how to use the Internet to perform personal finance activities. This book provides a basic, easy-to-understand introduction to both personal finance and working online. Chapters on different online personal finance topics act as a reference so you can learn the particular topic without reading the entire book. A motivational approach explains why online personal finance is beneficial, lists the key concepts of personal finance activities, and shows you how to perform those activities on the Internet. The book leads you through a series of organized steps to gain control of your entire personal financial plan.

Customer Reviews:

Quicken Quicken Quicken.......2004-03-30

What an odd little book. When purchasing this book, I expected it to be a bit outdated since it is now 4 years old. What I didn't expect was to receive a tutorial in Quicken 2000. This book's primary focus is not websites, but how to use Quicken to manage your personal finances. It really should be called The Idiot's Guide to Quicken 2000. Quicken is probably a fine program, (...) I thought I was buying a book that would lead me to websites, not lead my through a software program.

Book Description

The Complete Idiot's Guide to Online Investing, Second Edition provides an easy to understand book on the basics of investing and computing, researching your options online and using the Internet for your portfolio management. Each chapter contains information about the Internet and how to best use it and how to find discussion groups and research sites for Investment topics including personal finance basics, investment basics, retirement planning online, college planning online, research and strategies for online investing in funds, researching stocks online, and strategies for stocks including online trading. Also included is information on day trading, bonds and bond strategy, portfolio management software, and more.

Customer Reviews:

If You Are a Complete Idiot, This Book is For You.......2001-03-08

Believe the title! If you read BusinessWeek and have Internet access, this book is a waste of your time. While it defines the most basic terms of the Internet and investing (which you already know if you read the business section of your newspaper or a business magazine), it does not explain the more intricate methods of investing. The book is really a compendium of web sites. For example, instead of explaining HOW TO DO fundamental analysis, it tells you to go read a web site. Save your money. Search the web at www.dogpile.com with the term "investing" and get the same results free, in an instant.

Road Map for beginners.......2000-12-31

I am a self-confessed rank beginner in the world of investing in general and online investing in particular.

This book starts you off with the REAL basics - ie assuming no knowledge of connecting to the internet (admittedly tedious for most these days...) and then guides you by the hand through various websites where enourmous amounts of information are found...

I don't imagine it is the almanac of investing for a moment...but it doesn't promise to be either. More of a roadmap - showing what's out and about to use as you get more proficient at investing.

I would like to see what an actual trader thinks of it...but seems to be a refreshingly unpretentious place to start for the utterly confused...if not completely idiotic.

-h@wkspy

very helpful!.......2000-04-25

This book was a lifesaver when I decided to jump into the waters of investing. With chapters to devoted to different aspects of investing, it was very easy to find exactly what I was looking for. And the book didn't stop with definitions like so many of the books I picked up -- it told me where to go on the Web to apply what I'd learned. This book is great for anyone that knows they should be investing, but who needs that extra "push" to get moving!

Too much of a spoonfeed!.......1999-06-09

OK, the book says it is for idiot's but come on, don't mean that literally! If you are a wee bit technical and understand the online world this book has a few chapters you can easily skip. Also, the author does not care to explain stuff like index funds, the various industry indexes, etc. The book has a load of good web links in it though. I wish the author had listed all the links at the end of the book in an appendix.

You can live without this book. The same information is available for free online.

What are ya waitin' for?.......1999-05-03

I didnt know anything about investing, not even what tickers are...but now after reading this book....i learned SOOOOOO MUCH!!!

Complete Idiot's Guide to Investing in Internet Stocks

Average customer rating:

Lambs Being Led to the Slaughter

Complete Idiot's Guide to Investing in Internet Stocks
Ken Little
Manufacturer: Alpha
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Introduction | Investing | Business & Investing | Subjects | Books

Stocks | Investing | Business & Investing | Subjects | Books

General | Personal Finance | Business & Investing | Subjects | Books

Network Security | Networking | Computers & Internet | Subjects | Books

Book Description

This book is an excellent resource if you have little or no investment or technological background, but want to learn how to make money in Internet and Internet-related stocks. It explains the whole ".com" phenomenon and will teach you how to watch traditional blue-chip companies for optimum investment opportunities.

Customer Reviews:

Lambs Being Led to the Slaughter.......2000-12-21

Taking people with little investment experience and little technology knowledge and teaching them a little about investing in Internet stocks is inappropriate at best. That's like entering elderly people who move slowly into the running of the bulls in Pamplona. People are going to get hurt. Avoid this subject, and this book.

Here are some of the observations the author makes. "Investing in Internet stocks makes good sense." "With information, intelligence, and patience, you will be successfully investing in Internet stocks." "Investors willing to step out just a little on the risk side may find the rewards outstanding." Well, since the book came out, owning any of the Internet stocks has only led to losing a lot of money.

Why then did a rate the book at 2 stars rather than 1? Well, it does have some cautions in it. "Don't put your life savings into Internet stocks . . . ." Amen! You are encouraged to buy quality companies, hold the stocks, keep your expenses low, use mutual funds, watrch your risk (based on your stomach acid levels and sleepless nights), diversify, and have fun. Well, you would have been out of Internet stocks before the book came out if you followed that advice literally.

Many Internet companies are going out of business as they run out of cash. To the book's credit, this risk is finally pointed out briefly on pages 183 and 184.

Naturally, if many stocks were going to fall 50-99%, this was a great time to sell the stocks short. This is first mentioned briefly as an opportunity on page 147. But brand new investors should not be selling short in volatile categories.

Here's my advice. Buy a lottery ticket instead. You have the same chance of making money, and because the unit cost is smaller, you will lose less money.

Stick to things you know where the odds are in your favor. Read Common Sense About Mutual Funds by John Bogle instead if you want a useful perspective on how new investors can make money.

Book Description

The Corporate Triangle draws together the work of three leading economists to give a new and important view of the international differences in corporate systems. For students and specialists this short text succinctly addresses the failure of economic theory to construct an acceptable concept of the nature of the firm, and examines how this can be corrected.The authors criticise the concept that the enterprise is only an investment project and demonstrate that this neglects the contribution of labour to the capacity of the firm to add value, and be a source of long-term income.The book also takes a historical approach to show that the differences between corporate systems can be seen as stages in organisational development. This is critical in gaining an understanding of both the processes that have made modern enterprises what they are today, and the internal systems that they will need for their future success.For all those who study economics and international business the contributions to this book will give a new perspective on the role of the firm in the international economic system and the various forms of market economy to which they contribute.

Books:

Books Index

Books Home

Recommended Books