Book Description
Ever wonder how federal finance really works? FISCAL ADMINISTRATION shows you how public budgets operate and lets you crunch the numbers yourself. And with the latest data from the US federal budget, including its breakdown, you can see for yourself how policymakers allocate money. Plus, each chapter includes stories for discussion from the private sector as well as from public finance. Run the numbers and debate the financial policies with FISCAL ADMINISTRATION.
Customer Reviews:
Poorly written, almost impossible to read.......2007-09-04
This book is written so poorly I can barely get through it. Mikesell goes on and on with run-on sentences, excessive details that get in the way of the concepts, and very poor organization of the concepts. He shifts styles, meanders off topic, and fails to get to the point. He also uses very few graphs or illustrations. Instead, he includes large tables of numerical data (rather than a chart, like a pie, line, or bar graph, that would bring out the important message).
Even though it's in the 7th edition, it reads like a rough first draft. It needs major revision. In order to get through it, I skim for the ideas and skip a lot of the text. When I try to "read" it (i.e. every word), I get so bogged down, I can't move forward and I don't retain much. Mikesell obscures the main concepts in a haze of excess words, unhelpful information, and pervasive use of the passive voice.
Unfortunately, I have to use this book for my graduate Public Financial Management course. If you have the choice, find something better.
One of the best books around.......2007-08-14
Although big (and pricey) this book contains very good illustrations and explanations of financial and budgeting concepts and principles. A must have for serious students in graduate programs.
Mikesell continues to lull people to sleep... has he learned?.......2006-05-27
Public Budgeting Systems by Robert D. Lee, Philip G. Joyce, and Ronald Wayne Johnson is written more clearly... if you have a choice, buy this book. The problem with Mikesell is that he has to write 200 pages (six chapters) to explain the concept of revenues in the budget process. Too many trees were wasted in the development of this book. Lee, Joyce, and Johnson can do this in 40 pages.
The greater majority of my Public Budgeting Systems class at George Mason University feels that the Mikesell book is written in a manner to lull oneself to sleep... the benefit is that one could read the book rather than using drugs to induce sleep.
However, if you are required to purchase the Mikesell book, you should go to the Amazon UK web site and complete your transaction there... you can save yourself about 70 to 80 dollars.
Book Description
City, county and school district elected officials annually deal with multi-million, sometime billion dollar budgets. But many have little, if any, knowledge about local government financial matters when first elected. Written in an easy to understand style, this book provides beginning and seasoned elected officials and public administrators with the fiscal awareness to confidently make good budget and financial decisions. Local government is more complex today and there are more opportunities for poor judgement, conflicts of interest, embezzlement and fraud. The best antidote is an informed constituency that insists on good government and accountability. Community members, homeowners groups, business people, unions, service organizations, public watchdogs and newspaper reporters who want to assess their local elected officials' performance will find this book invaluable. Each chapter begins with a real life story such as the city manager who used the city's credit card to go on an lavish shopping spree, the city that used debt to mask it's huge deficit or the school superintendent who sacrificed the district's solvency to create an award winning curriculum. Vignettes from over 77 different local governments across the country are used to buttress the suggested tips and techniques.
Customer Reviews:
An excellent budget, financial and treasury primer........1999-03-18
As an elected Treasurer and local government finance director for the past several years, I found this book to be an excellent primer for all elected and appointed officials. The practical advice offered by Mr. Wood is based on his experience and input from his peers and is extremely valuable. The book is written in a very informal and concise way and should be required reading for all elected officials. In fact, I gave this book to each City Council member and they have all indicated that this book provided excellent financial advice.
Excellent reading for the Government Watchdog.......1998-09-30
Len Wood presents Dollars and Sense in a practical manner enabling readers to absorb its content. A must read book for those that "watch" their local governments, school districts and elected officials. Written for fast reading,yet covers the subject matter extensively. If you want to be certain your local government is working at its fullest potential, Dollars & Sense can be a great help to you.
Great book for people interested in local government........1998-06-14
What a delightful book. The author has presented his subject in an understandable and capitivating manner. He does this by using lots of real life vignettes to make his points. People who want to know what their local officials should and should not be doing will want to read this book.
A Guide for Achieving Job Longevity in the Public Sector.......1998-05-06
Here is a "no holds barred" approach to describing "real life" shortcomings in handling public finances, and then providing tips to local government policy makers and managers on how to avoid a similiar circumstance.
Len Wood writes from first hand knowledge and experience. He describes the situation; outlines the facts; details the results; and provides the reader with suggestions to lessen financial risk and/or failure in the expenditure of public funds.
While the author's primary target is the newly elected official, the importance of this work to experienced elected and appointed public officals cannot be overstated. No one who has worked in the public sector can peruse this book without saying, "There, but for the grace of God, go I!"
Book Description
FISCAL ADMINISTRATION is based on two principles: that students must clearly understand the details of where the money for public budgets comes from; and that, to learn public finance and budgeting, students must "run the numbers." John Mikesell--an authority on the revenue side of public finance--focuses on his area of specialty, giving students detailed instruction that will equip them to deal with the complex issues and calculations they will encounter in the field. In most chapters, Mikesell includes questions and exercises that require calculations to get specific answers, as well as "Cases for Discussion" and "Sidebars" that supplement the regular text with more in-depth treatment of key topics. This edition also includes the most recent federal budget information, as well as the latest federal government fiscal data.
Customer Reviews:
Mikesell needs to write more succinctly... please see Lee, Joyce and Johnson........2005-10-19
Public Budgeting Systems by Robert D. Lee, Philip G. Joyce, and Ronald Wayne Johnson is written more clearly... if you have a choice, buy this book. The problem with Mikesell is that he has to write 200 pages (six chapters) to explain the concept of revenues in the budget process. Too many trees were wasted in the development of this book. Lee, Joyce, and Johnson can do this in 40 pages.
The greater majority of my Public Budgeting Systems class at George Mason University feels that the Mikesell book is written in a manner to lull oneself to sleep... the benefit is that one could read the book rather than using drugs to induce sleep.
However, if you are required to purchase the Mikesell book, you should go to the Amazon UK web site and complete your transaction there... you can save yourself about 70 to 80 dollars.
Good book, bad delivery.......2005-09-30
I didn't get the book until 20 days after delivery. Way too long compared to other services. I got books I ordered the same day, 5 business days after placing the order.
Overall, Im pleased with the condition of the book.
Mikesell needs more money, reprints same book with new picture on the cover.......2005-07-07
Are you looking for this book for your MPA course? Save some money and buy an older edition. They're all the same!!!
Regarding Fiscal Administration.......2004-04-05
I am currently using this book for a graduate-level public budgeting course for a ranked MPA program. Mikesell's textbook is a poorly written, discursive and convoluted in scope. There are several basic grammatical errors in this textbook, and this is coming from someone whose first language is not English. The end-of-chapter computational problems are difficult to complete because nowhere in the chapters does the author explain how to do the problems.
There is also too much information crammed into each paragraph; I'm lucky if I can read three pages in a row in one sitting. The author does not write well; he uses too many block quotes and lists (e.g, (1), (2), (3)...). Therefore, this book does not read well, and the information he tries to provide does not register in the mind.
Most of my classmates have the same complaints as the ones I listed above. This book agitating for many to read, even for someone with a fairly solid economic background. Therefore, I'd strongly recommend not to use this book if at all possible.
But to balance out this criticism with some good points, the first chapter is relatively easy to read and useful.
Incorrect statement from former reviewer.......2004-02-28
A previous reviewer incorrectly identified my father's (J. Mikesell) undergrad alma mater as Illinois. In fact John Mikesell earned his BA from Wabash College.
Just setting the facts straight.
Book Description
Government is broke. The 2004 federal deficit will be the highest in U.S. history. The states have suffered three years of record shortfalls. Cities, counties and school districts are laying off policemen and teachers, closing schools, and cutting services. Government leaders have patched together combinations of accounting gimmicks, on- time fixes, real cuts, and tax and fee increases to relieve the fiscal pain. But it won't go away.
Overall, American governments from the White House to City Hall are enduring their worst fiscal crisis since World War II. But this time, the crisis will be permanent. On one side are skyrocketing costs for health care, Social Security and pensions. On the other is opposition to tax increases. In the face of this crisis the bankrupt ideologies of left and right offer little guidance. The Price of Government does.
Whereas Reinventing Government, David Osborne's 1992 New York Times bestseller, was a manifesto for change, The Price of Government is a clear, step-by-step roadmap for change, offering concrete solutions drawn from the authors' combined thirty years of experience leading and advising public institutions. The authors begin by describing a radically different approach to budgeting-one that focuses on buying results for citizens rather than cutting or adding to last year's spending programs. They go on to show how leaders can use consolidation, competition, customer choice, and a relentless focus on results to save millions while improving public services, at all levels of government.
These ideas have been put into practice successfully from schoolhouses to statehouses and from City Hall to the Pentagon. They are built on common sense, not ideology. The Price of Government will interest everyone who is concerned with how tax dollars are spent-and how to get the results we need at a price we're willing to pay.
Customer Reviews:
Government Spending.......2007-08-03
This book offers a different approach for governments to prioritize their spending. It may not work for every body, but will provide a new way to decide where to put tax dollars to match tax payers priorities.
Easy Read with Great Info.......2007-01-10
This is a another great book written by David Osborne, with practical, yet out of the box ideas on balancing government budgets. A great process that can be emulated by public administrators to focus taxpayer dollars on the most important programs and services. It challenges administrators to go beyond hacking away at every program budget until all the programs are barely running on a shoestring and no one is getting the results that taxpayers want.
Relevant to educators as well as government.......2006-09-25
The PRICE of GOVERNMENT:
Getting the Results We Need in an Age of Permanent Fiscal Crisis
There is no doubt that money needs to be well-spent, especially when discussing money managers such as our state and national government officials. As a "customer" of this government, I'm looking for solutions, yet finding more problems. The Price of Government not only identifies those problems, but offers solutions. The premise remains the same- what are Americans willing to pay for the services that we need?
The authors review not only America's history of taxation, but introduce components from other sources. Such sources are countries where governmental systems are more effective than ours, and sometimes also citing an example of ineffectiveness followed by review and suggestion. Overall, this book is a valuable source for those who have an interest as to where their tax dollars are being spent. The authors suggest that all Americans should be more well-informed before they vote. After reading many reviews of this text, I believe the authors may wish to re-visit this idea. America wants results. There is a great deal of practical suggestions about moving toward a practical performance-based system. I believe that we are beginning to see this and use of the internet helps average citizens gain information we would not have had access to a decade ago.
What I especially enjoyed about this book was that it wasn't just shock and awe... we're going downhill heading for doom, etc. The authors state the obvious- that we've spent more than we have and there needs to be accountability for the money customers provide. I refrained from overusing the word taxpayer because the book does address ways to use these concepts in other arenas, making it a valuable tool not only for elected officials, health care and educational employees, but to business as a whole. The introduction jumps right in and offers a "prescription" to help save this sinking ship. In short, the authors compel government to "get a grip" on the problem, figure out how much taxpayers are willing to help with the problem, determine priorities and then allocate funds for those priorities until money is gone. Being in the middle of an educational administration program has exposed me to several similar texts. Often, reorganization is the focus to solve existing problems. These authors drew me in from the get-go, but the following quote sums up their philosophy well!
Native Americans have many sayings, and one of the wisest is this: "When you're riding a dead horse, the best strategy is t dismount. You don't change riders. You don't reorganize the herd. You don't put blue-ribbon commission on veterinarians. And you don't spend more money on feed. You get off and find yourself a new horse. "(Page 19)
To begin identification of the problem they look at demographics- an aging population with longer longevity and decreased population growth. In short, healthcare and social security problems have caused a deficit in the budget on a huge scale. The authors suggest budgeting for outcomes- determine what is really important, and then figure out how much it will cost and then buy it. I liked how they state to "use indicators that make sense to citizens". (Page 72) Often, schools report test scores but do not explain how they are interpreted. The authors suggest planning for outcome goals and including indicators of that success. They identify the difference between budgeting for Outcomes and performance management. The example of the child welfare agency being rewarded or punished based on child abuse cases solidifies the definite difference of the two. (Page 89)
In the consolidation chapter, the authors remind us that historically, American government reacts to a crisis through reorganization. Two examples sited are the loss of a child causing the child welfare system reform and Homeland security being developed after September 11th 2001. Reorganization is not always bad, but it not always what the organization needs either. I like how the book relates well to the educational system. Suggesting that schools be held accountable to achieve these goals set by the system would increase motivation to ensure child success. We are beginning to see this in charter school enrollment rising and some states having the option to voucher tax dollars toward private schools. The concept of "rightsizing" looks at whether or not the service is still needed, how efficiently those working in that area are doing their work and what can be done about it. If the service is still needed but time is wasted, for example completing tedious paperwork or signing time cards that the supervisor doesn't manage suggests looking at technology to streamline the work to be done.
Too often with new elected officials we saw their friends, companies and associates hired under their administration. The result was usually less than optimum effectiveness. Osborne and Hutchinson suggest competition to save the price of government from rising. Competition keeps prices low. To further stimulate effectiveness and efficiency, the authors suggest rewarding those involved. If the contractor winning the bid completes a job early and under budget, then a portion of the surplus goes back to the taxpayers while a portion goes to the workers as well. The authors claim that not only does this reward workers, but it improves morale of the workers and boosts the public faith in their government. I especially liked the suggestion they based from evidence of forgeign countries. "Shift public workers into private firms taking over the work... Require that contractors pay comparable wages and benefits..." (Page 161) These are but two examples, showing us that this could work. We could move public jobs into the private sector, without losing the quality of life they had established.
"Smarter customer service" is a chapter most of us could benefit from. It brings to light the things we too often do without question. In turn, wasting the company's money and driving costs up for customers. The example of signing time cards of people you don't personally watch was a perfect example. Yet, government needed to respond to a situation years ago in order to save money. Re-evaluate the needs of the organization. The 311 system empowered citizens while holding officials responsible for their departments. The quality must improve to improve the processes. The 311 telephone system brought performance data to a new front while keeping costs low through consolidation. By being more effective, costs are cut for departments, onto governments and maintaining if not lowering the price of government for citizens
They offer insight to many different aspects, focused on the key programs. They also offer practical suggestions and offer ways to deepen what they present, citing very good websites such as www.FirstGov.gov and www.irs.gov/efile. Systems working together will better align the system. The authors suggest in education of current employees for better efficiency as well. The focus should be on the results of the objectives, not solely the money, claiming the authors. They remind us to stay focused on the core objectives, as to not get lost in the activity. They suggest moving power into the hands of the employees, in essence creating "an organization of leaders" (page 322).
All in all, this book is not only very useful, but easy to read as well.
Engage Workers First, then talk about PRICE.......2006-04-10
Great ideas if anyone can find government workers or teachers who know anything or care about ...budgets.
Focus on getting workers engaged in the planning process first before introducing even the word BUDGET or PRICE of Government.
Also, using the terms PERMANENT and CRISIS in the same sentence does absolutely nothing except cause eyes to glaze over.
Sounds Good, but Won't Work!.......2005-12-13
The timing for this book couldn't be better - an era of skyrocketing deficits, an aging population (boosting pension outlays), inexorable increases in healthcare costs (fewer workers with health insurance, aging population), and businesses increasingly threatening to move elsewhere unless they receive tax relief.
Simply cutting budgets accomplishes little - as Osborne points out, it does nothing to improve areas retained. In addition, service recipients or proponents (usually providers) simply complain ad naseum until an opportunity to restore funding occurs (eg. tax increase or economic upturn) presents itself - thus setting the stage for the next crisis.
Osborne is also correct in pointing out that the most common budget "cures" are simply illusions - accounting gimmicks (timing "games" regarding outlays and receipts, fudging estimates, temporarily ignoring voter mandates), borrowing, and delaying maintenance.
At this point, however, Osborne goes off the track by proposing some intelligent-sounding changes in approach (eg. identify the results wanted), and proceeds to go through a lot of razzle-dazzle that simply ends up with "business as usual."
Using Washington state as an example, Osborne cites how a citizens group decided to focus on providing more early-childhood-education and implementing skill-based pay for teachers - neither a "REAL" result. During the last 30+ years innumerable education "improvement" programs have been funded, while progress has been non-existent - eg. scores by 17-year-olds on the National Assessment of Education Progress (the only unchanged large-scale test in the nation) have remained unchanged, as have drop-out rates. This, despite a more than doubling of inflation-adjusted per-pupil spending in the last 30 or so years. As for "skill-based" teacher pay, study after study has found that - after taking into account pupil differences - payment for EXISTING "skill-set" programs (teacher experience or degree levels) contribute little (only the first few years of experience) or nothing to pupil achievement. So why add another dubious dimension? If one needs any more evidence, consider the fact that most private schools only cost about half that of public schools.
Universities are another major State-level expenditure; like K-12 education, MAJOR overhaul (not rethinking budgets)is required. Since the early 1990's, professors' teaching workloads have been reduced from three classes per semester to two. Nationally, and undoubtedly in Washington also, the length of the academic year shrunk from 191 days in 1964 to only 156 in 1993. Meanwhile, only 21 cents of every funding dollar goes into the classroom - the number of non-teaching professionals (eg. counselors) has increased from 3 per instructor in 1976 to 6 in 2001. Returning to those recent productivity levels, substantially reducing admissions of the roughly half unable or unmotivated to graduate, and shortening the average 5+ years required to graduate would allow savings of about $500+ million/year in Arizona and it is assumed that similar opportunities exist in Washington.
As for healthcare, Osborne's Washington process suggested dropping coverage for low-income workers - an ACCOUNTING GIMMICK that simply transfers the costs to providers, and adding more clinics. However, what is really required is a review of incentives and other care drivers - eg. the highest-spending areas in the U.S. spend about 60% more on Medicare recipients than the lowest, despite access to care and patient outcomes being better in the low-income areas. A second problem is that healthcare providers are REWARDED for their errors - payors need to insist on adherence to quality standards. A third major problem is that care recipients have no incentives to conserve - Health Savings Accounts (allowing cashing out of any funds remaining from a set amount) do so.
Clearly Osborne's work would be more useful if it focused on outcomes - both good and bad. Associated with that should also be a discussion of benchmarking (staffing levels, compensation for staff, and benefit levels), and continuous improvement goal-setting that emphasize reducing waste and improving quality "Toyota-style" - keys to success in the private sector.
The "bottom-line" is that the focus should not be on the budget process, but on permanent reform of the biggest consumers of government funds - education and healthcare.
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Fiscal Limits of Absolutism: Direct Taxation in Early Seventeenth-Century France
James B. Collins
Manufacturer: Univ of California Pr
ProductGroup: Book
Binding: Hardcover
Public Finance
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General
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ASIN: 0520059115 |
Book Description
At a time when already overworked clergy are being called upon by budget cutting politicians to do more for the poor, the sick, and the elderly, American churches are suffering persistent financial shortfalls. In fact, contrary to popular media images of millionaire televangelists, America's churches are cutting back programs and staff, clergy salaries are stagnating, and many parishes are having trouble raising enough money to keep the church lit and heated on Sunday. Why are America's churches in financial distress? Robert Wuthnow, a leading commentator on religious life in America, asserts that the steady drop in donations, volunteering, and personal involvement is a direct result of a spiritual crisis--a crisis caused in large part by the clergy's failure to address the vital relationships between faith and money, work, stewardship, giving, and economic justice. In The Crisis in the Churches, Wuthnow offers a searching study of this financial crisis and of the spiritual vacuum that has silently grown worse during the past decade. To do this, he lets the churches speak for themselves, quoting extensively from interviews with clergy and laity in sixty Protestant and Catholic congregations throughout the U.S., and drawing from the texts of over 200 sermons, from church financial records, and a national survey. What emerges is that parishioners often feel the church does not care about what they do from Monday to Friday, offers no guidance in their most pressing day to day concerns, yet always seems to be asking for more money. Clergy, for their part, say they hesitate to talk about finances because they know "the money question" makes people uncomfortable. But failure to raise the subject often makes it necessary to cut the very programs and services that middle class parishioners desire and would support. Wuthnow argues that in order to survive, churches must find ways to minister to the economic concerns of their own middle class parishioners. Indeed, of every $1,000 received by churches, $900 comes from people who work in middle class occupations. Clearly, anything that motivates middle class members to become more involved will strengthen a church's financial well being and capacity to serve its people. Although the situation is critical, Wuthnow finds much cause for hope. He points to ideas and programs that some churches have enacted to challenge their members to think differently about work and money and giving. Parishioners sometimes respond positively when clergy speak boldly and concretely about matters of faith and finance, and some churches have formed small groups whose members meet regularly to discuss issues of spirituality, work, personal finances, and stewardship. A serious and sympathetic examination of the crisis behind the stained glass, this thought-provoking volume will be highly valuable both practically and as moral support to clergy, parishioners, and anyone else concerned about restoring vitality and significance to American churches.
Book Description
What is good government? Why do some governments fail? How do you implement political accountability in practice? What incentives do you need to put in place to ensure that politicians and public servants act in the public interest and not their own? These questions and many more are addressed in Timothy Besley's intriguing Lindahl lectures. Economic analyses of government usually divide into two broad camps. One which emphasizes government as a force for public good that can regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decisions and failing to incentivize its officials to act for the greater public good. This book adopts a middle way between the two extremes, the Publius approach, which recognizes the potential for government to act for the public good but also accepts the fact that things often go wrong. It shares the view that there are certain institutional preconditions for effective government but then proceed to examine exactly what those preconditions are. Timothy Besley emphasises that it is not just about designing an appropriate institutional framework but also about understanding the way incentives work and the process by which the political class is selected.
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Intergovernmental Fiscal Transfers: Principles and Practice (Public Sector Governance and Accountability)
Manufacturer: World Bank Publications
ProductGroup: Book
Binding: Paperback
Public Finance
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Debt & Deficits
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Finance
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ASIN: 0821364928 |
Book Description
The one constant in the American federal system is change--change that is not always beneficial. American Intergovernmental Relations: A Fragmented Federal Polity examines how the dynamic social, economic, and political forces that impinge on American government at all levels shape the way that our federal system functions. Stephens and Wikstrom--both senior scholars specializing in federalism, intergovernmental relations, and fiscal policy--offer concise, comprehensive, and easy-to-understand coverage of these materials. Beginning with the key elements of federalism, the authors trace these principles as they have evolved since the founding of the republic and through the various phases and types of federal arrangements as they exist today. They examine and analyze the extreme complexity of the system and the cooperative and conflicting components of vertical and horizontal intergovernmental relations. Stephens and Wikstrom also discuss the impact of public policy and intergovernmental relations on American society in light of rising globalism, rapidly changing technology, and new security concerns. Featuring relevant case studies from the headlines, American Intergovernmental Relations is an ideal text for undergraduate and graduate courses in federalism and intergovernmental relations. It is also an excellent text for a different approach to a course in American government.
Book Description
Penn's book discusses the current state of enrollment management in public universities, plus the influence of state and federal legislation and regulations. Successful enrollment management programs are explored, as well as important lessons learned through implementation.
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- Forgotten New York: Views of a Lost Metropolis
- Go Put Your Strengths to Work: 6 Powerful Steps to Achieve Outstanding Performance
- Good to Great and the Social Sectors: A Monograph to Accompany Good to Great
- Government and Not-for-Profit Accounting: Concepts and Practices
- Great Jobs for English Majors, 3rd ed. (Great Jobs Series)
- Health Economics and Policy with Economic Applications
- Hedge Funds: Quantitative Insights (The Wiley Finance Series)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
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