Book Description
"A lot has happened in the financial markets since 1992, when Peter Bernstein wrote his seminal Capital Ideas. Happily, Peter has taken up his facile pen again to describe these changes, a virtual revolution in the practice of investing that relies heavily on complex mathematics, derivatives, hedging, and hyperactive trading. This fine and eminently readable book is unlikely to be surpassed as the definitive chronicle of a truly historic era."
- John C. Bogle, founder of The Vanguard Group and author, The Little Book of Common Sense Investing
"Just as Dante could not have understood or survived the perils of the Inferno without Virgil to guide him, investors today need Peter Bernstein to help find their way across dark and shifting ground. No one alive understands Wall Street's intellectual history better, and that makes Bernstein our best and wisest guide to the future. He is the only person who could have written this book; thank goodness he did."
- Jason Zweig, Investing Columnist, Money magazine
"Another must-read from Peter Bernstein! This well-written and thought-provoking book provides valuable insights on how key finance theories have evolved from their ivory tower formulation to profitable application by portfolio managers. This book will certainly be read with keen interest by, and undoubtedly influence, a wide range of participants in international finance."
- Dr. Mohamed A. El-Erian, President and CEO of Harvard Management Company, Deputy Treasurer of Harvard University, and member of the faculty of the Harvard Business School
"Reading Capital Ideas Evolving is an experience not to be missed. Peter Bernstein's knowledge of the principal characters-the giants in the development of investment theory and practice-brings this subject to life."
- Linda B. Strumpf, Vice President and Chief Investment Officer, The Ford Foundation
"With great clarity, Peter Bernstein introduces us to the insights of investment giants, and explains how they transformed financial theory into portfolio practice. This is not just a tale of money and models; it is a fascinating and contemporary story about people and the power of their ideas."
- Elroy Dimson, BGI Professor of Investment Management, London Business School
"Capital Ideas Evolving provides us with a unique appreciation for the pervasive impact that the theory of modern finance has had on the development of our capital markets. Peter Bernstein once again has produced a masterpiece that is must reading for practitioners, educators and students of finance."
- André F. Perold, Professor of Finance, Harvard Business School
Customer Reviews:
Capital Ideas Evolving.......2007-09-19
This was not an easy read, but it was worth it. I received my MBA in 1976. Much of this book was an explanation of the effects of the Capital Asset Pricing Model (CAPM) on current investment practices. He assumes that the reader is well versed with the intricacies of CAPM. I had to go back to other sources to review CAPM, but once I did, the book was a great explanation of how CAPM and other academic innovations have had a practical effect on portfolio management. When I finished the book, I had to admit that I was not able to apply much to my personal portfolio management, but I have a much better understanding of what my pension plan administrator is thinking about as well as what certain mutual funds managers are doing. The book is more beneficial for the professional investor than the individual investor.
Ludicrous.......2007-08-21
Maybe this is a great intro to classic theory, but then there is something wrong with classical thinking.
My one-star rating is for his "forgiveness" of the Long Term Capital Management gang, since no one could have predicted what actually happened.
LTCM managers (inducing Merton and Sholes, subjects of chapters) had excessive confidence in models based on theories that have not been even come close to being validated.
It is ironic that Amazon pairs this book with "The Black Swan" in their "Buy Two" promotion since Bernstein has clearly been "fooled by randomness".
Accessible explanation of the foundations of finance.......2007-08-02
In the early 1950s, graduate student Harry Markowitz presented his Ph.D. dissertation to the University of Chicago economics department. The response was less than encouraging. "This isn't a dissertation in economics," Milton Friedman told Markowitz. "It's not math, it's not economics, it's not even business administration." Whatever it was, Markowitz's heterodox theory of portfolio selection changed finance forever and earned a Nobel Prize. Financial historian and investment manager Peter L. Bernstein humanizes his saga of great shifts in financial theory by organizing it around eminent thinkers (Markowitz, Myron Scholes, Franco Modigliani, Robert Merton, Bill Sharpe and others, if you ever want to look up a finance guru). Deepening his analysis with insights from "behavioral finance," Bernstein describes how these innovators generated and extended the now-orthodox "capital ideas" of portfolio selection, capital structure, the Capital Asset Pricing Model, the efficient market hypothesis and the Black-Scholes-Merton theory of option pricing. Bernstein's erudition is dazzling, his explanations pellucid and his narrative filled with scintillating characters. getAbstract doesn't need to hedge: you'll find this overview of current finance theory and practice brilliant, even if you don't know your alpha from alfalfa.
Unique and sunsurpassed........2007-07-28
I have recommended this and his previous book for finance graduate students at the University of Maryland.
An excellent book.......2007-07-19
This book should be on your book shelf. I would critize the book in that although it recommends against portfolios of individual securities it does not warn the investor against professional portfolio managers.
By way of example:Piscaqua Research in a study covering the period 1987-96 found that only 10 out of 145 major pension funds, or just seven percent, out performed a portfolio consisting of a simple 60%/40% mix of the S&P 500 index and the Lehman Bond index respectively.
Or is it logical I ask for you to believe that you can predict which actively managed funds will out perform, or are you overconfident of your skills? If you are trying to find the great fund managers who will out perform in the future ask yourself: what am I going to do differently in terms of identifying the future winning fund managers, than did the pension plans and their advisors? And if you are not going to something different what logic is there in playing a game at which others with superior resources have consistently failed?
If you a really serious in finding an investment technique that will provide you with reasonable return with less risk I suggest the following little book. This is a little book that I have written and contains the essential of how to invest. Just click on the title to find the book. How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission
Average customer rating:
- Calculations are only as good as your numbers
- Pants on fire?
- Accepted History & Chronology Must Be Changed.
- Very Interesting
- History as Science Fiction
|
History: Fiction or Science? (Chronology, No. 1)
Anatoly Fomenko
Manufacturer: Mithec
ProductGroup: Book
Binding: Paperback
 Chinese
| Ethnic & National
| Biographies & Memoirs
| Subjects
| Books
Irish
| Ethnic & National
| Biographies & Memoirs
| Subjects
| Books
Japanese
| Ethnic & National
| Biographies & Memoirs
| Subjects
| Books
Women
| Specific Groups
| Biographies & Memoirs
| Subjects
| Books
Augustine, Saint
| ( A )
| People, A-Z
| Biographies & Memoirs
| Subjects
| Books
Doctors & Medicine
| Humor
| Entertainment
| Subjects
| Books
Lawyers & Criminals
| Humor
| Entertainment
| Subjects
| Books
Love, Sex & Marriage
| Humor
| Entertainment
| Subjects
| Books
Assyria, Babylonia & Sumer
| Ancient
| History
| Subjects
| Books
Early Civilization
| Ancient
| History
| Subjects
| Books
General
| Ancient
| History
| Subjects
| Books
Historiography
| Historical Study
| History
| Subjects
| Books
General
| World
| History
| Subjects
| Books
General
| Asian American
| United States
| World Literature
| Literature & Fiction
| Subjects
| Books
Asian American
| Poetry
| United States
| World Literature
| Literature & Fiction
| Subjects
| Books
French
| Erotica
| Literature & Fiction
| Subjects
| Books
Victorian
| Erotica
| Literature & Fiction
| Subjects
| Books
Epic
| Poetry
| Literature & Fiction
| Subjects
| Books
German
| Poetry
| Literature & Fiction
| Subjects
| Books
Russian
| Poetry
| Literature & Fiction
| Subjects
| Books
Spanish
| Poetry
| Literature & Fiction
| Subjects
| Books
Chinese
| Classics
| Literature & Fiction
| Subjects
| Books
Conspiracy Theories
| Current Events
| Nonfiction
| Subjects
| Books
War on Drugs
| Crime & Criminals
| Nonfiction
| Subjects
| Books
English (All)
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Arabic
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Armenian
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Czech
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Greek
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Hungarian
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Japanese
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Korean
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Norwegian
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Persian & Farsi
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Polish
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Portuguese
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Romanian
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Russian
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Swedish
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Turkish
| Foreign Language
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Science
| Dictionaries & Thesauruses
| Reference
| Subjects
| Books
Online Research
| Genealogy
| Reference
| Subjects
| Books
Native American
| Earth-Based Religions
| Religion & Spirituality
| Subjects
| Books
General
| Science
| Subjects
| Books
General
| History & Philosophy
| Science
| Subjects
| Books
History of Science
| History & Philosophy
| Science
| Subjects
| Books
Magic & Wizards
| Fantasy
| Science Fiction & Fantasy
| Subjects
| Books
Sailor Moon
| Popular Characters
| Children's Books
| Subjects
| Books
Pilates
| Exercise & Fitness
| Health, Mind & Body
| Subjects
| Books
History
| Fashion
| Arts & Photography
| Subjects
| Books
Look Inside Art Books
| Trip
| Specialty Stores
| Books
Look Inside Biographies
| Trip
| Specialty Stores
| Books
Look Inside Children's Books
| Trip
| Specialty Stores
| Books
Look Inside Entertainment Books
| Trip
| Specialty Stores
| Books
Look Inside Health Books
| Trip
| Specialty Stores
| Books
Look Inside History Books
| Trip
| Specialty Stores
| Books
Look Inside Fiction Books
| Trip
| Specialty Stores
| Books
Look Inside Nonfiction Books
| Trip
| Specialty Stores
| Books
Look Inside Reference Books
| Trip
| Specialty Stores
| Books
Look Inside Religion & Spirituality Books
| Trip
| Specialty Stores
| Books
Look Inside Romance Books
| Trip
| Specialty Stores
| Books
Look Inside Science Books
| Trip
| Specialty Stores
| Books
Look Inside Science Fiction & Fantasy Books
| Trip
| Specialty Stores
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Similar Items:
-
History: Fiction or Science? Chronology 2 (Chronology)
-
History: Fiction or Science? Astronomical methods as applied to chronology. Ptolemy's Almagest. Chronology III
-
Discovering the Mysteries of Ancient America: Lost History And Legends, Unearthed And Explored
-
Before the Pharaohs: Egypt's Mysterious Prehistory
-
They Cast No Shadows: A Collection of Essays on the Illuminati, Revisionist History, and Suppressed Technologies
ASIN: 2913621058 |
Book Description
Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.
Customer Reviews:
Calculations are only as good as your numbers.......2007-08-03
Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.
Pants on fire?.......2007-07-19
Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.
Accepted History & Chronology Must Be Changed. .......2007-04-09
There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.
For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.
Very Interesting.......2007-03-07
It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.
History as Science Fiction.......2007-01-10
Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.
I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.
Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.
Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.
I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.
This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.
Book Description
Copy This!, Paul Orfalea's inspiring, personal story of turning lemons into lemonade, may be the most unusual business memoir ever published.
Paul Orfalea struggles mightily to read, to write, and to sit still through a business meeting. So what's the problem? By working with the obstacles life dealt him—he calls his dyslexia and ADHD "learning opportunities"—he grew a 100-square-foot copy shop named Kinko's into a $1.5 billion-a-year company that
Fortune named one of the best places in America to work.
This is the story of a boy who flunked out of second grade—a boy who was fired by a gas station for writing illegible receipts. But it's also the story of a boy who learned from the world directly, who was brave enough to fail, who knew he had to rely on other people. A boy who developed empathy, a particular gift of his dyslexia that gave Orfalea the crucial insight into what makes Kinko's work. When Paul Orfalea first looked out on the worried, hopeful faces of his customers, he knew that he was in the problem-solving business—at four cents a page. Kinko's doesn't so much handle paper as it handles dreams.
Paul Orfalea really did do it his way. With humor, wisdom, and compassion, he shares his invaluable experiences and unorthodox business lessons with the millions of those who are just a little bit "different," and who wonder if there's a place for them in the world. There is: at the top.
Customer Reviews:
"Our primary objective is to take care of our customer...".......2007-08-18
BUT...
"...you can't take care of your customers unless you take care of your people." (- Paul Orfalea)
"Copy This!" is a book that illustrates the enduring idealism and sincerity of Paul Orfalea. Orfalea's enthusiasm is infectious. His optimism and energy vibrate through the narrative as he explains how his values were challenged over the years by various partnerships, a corporate reorganization and the eventual decision to leave the company he built and guided for over 30 years.
Those of us who lived the "Kinko's experience" can vouch for the effectiveness of Paul's leadership and his approach to team management.
Long ago, I took a job at my local Kinko's working the overnight shift as a machine operator. On my first day of work, my branch manager handed me a wallet-sized, white plastic card with something called "The Kinko's Philosophy" printed on one side. Up to that point in my life, working for a company was all about punching a clock and biding your time until you could punch it again and get on with your real life. I assumed this card, talking about things like "The coworkers are the foundation of our success" and "we trust and care for one another" were just marketing lip service by some faceless corporate human resource office.
But my manager took time with me, said that he wanted me to keep the card with me explaining, "We really believe in these things here. I can't force anyone to be anything more than a clock-puncher, but we can do everything we can to support how you want to work out your days with this company. Your only real job here is to take care of the customer."
Over the next several years I moved up in the company and dealt with dozens of coworkers. I worked with and for the kind of employees you've encountered of heard about who contribute to a miserable experience as well as those who stopped everything to solve your emergency and save the day for you. Paul's philosophy (his "commitment to communication") made it easier to manage the daily operation of a store of 15-20 people on three non-stop, busy shifts
As Paul pointed out on more than one occasion, each coworker -- regardless of their aspirations, ambition or approach to the job -- deserved to be treated with respect and gratitude ...because their performance was the only true measure of my own success. Discipline was to be bundled with coaching and retraining. Even in an "at-will" employment environment, Paul was dedicated to making sure we did all we could to help every coworker succeed.
Understanding and providing for your customer requires understanding your employees and their own needs. While they carry out the necessary tasks to get the job done, your job as a manager is to make that job fun, safe and efficient. The challenge of the organization is to create an environment where managers can do their job. In the case of Kinko's, that meant great opportunities for advancement, solid training programs, profit sharing and excellent wages. Many of those values (and benefits) changed with Paul's departure, but there are still hundreds if not thousands of team members who maintain that positive, supportive attitude toward their most valuable resource on the sales floor.
Most businesses treat their employees (human assets, labor force, whatever form they take) like a herd of sheep to be managed as though they have neither the skill nor experience to contribute to the business process. This book explains how each member of your working team is not just a salary on a P&L chart, but the REASON your operation is successful. It explains that you can have your heart firmly invested in taking care of your customers, but if you don't have the drive to take care of your own PEOPLE, you will be hard-pressed to achieve that goal consistently or at all.
Small business owners, department heads, and CEOs could learn much from Paul's dedication to his team members and perhaps begin to understand that their own success isn't tied to a few lines on a spreadsheet and the demands of a board of MBAs, it begins and ends with the people who run the cash registers, take care of the daily operation and make it possible for executives to spend time pondering "bigger picture" issues for their organization.
Copy THIS? Caveat that! .......2007-07-29
Paul Orfalea is the type of boss we call a "Crazy-Maker." Type triple-A. In your face. A new idea every minute. Little or no boundaries between personal time and work time. I suspect he was an exhausting (if occasionally) exhilarating boss to have.
This business autobiography offers a revealing portrait of an unlikely business tycoon. Orfalea overcame dyslexia to found Kinko's, which he grew into a multi-billion dollar business before selling it off. It is now an American icon.
The section on how games - especially poker, Monopoly and Risk - are better predictors of business success than grades is interesting.
Otherwise, Orfalea at times seems to make it all about Me. Me. Me. See me the generous philanthropist! See me creatively teaching business classes to students at UC Santa Barbara! See me lament what the new corporate suits have done to Kinko's. Of course, he has multi-millions to assuage his pain. Dude - when you sell it off, you relinquish that right to call all the shots!
Orfalea took a quirky, albeit courageous, path to his fortune. Whether many others can "copy this" as a template for success is debatable. Like him or love him, the Kinko's founder has written an engaging autobiography.
Interesting Read.......2007-04-24
I found this book to hold my interest. It provides an intriguing and inspirational view inside the start-up of a business, as well as honest, personal revelations.
He's an excellent reader (of people, that is).......2007-03-25
Orfalea opened his first copy shop while still a student in college. Over the next 30 years, he built the world's premier copyshop business, then cashed out for $1.5 billion. Not a bad run, especially for a kid who was so dyslexic that he was virtually illiterate.
He says he got the idea for the business while working on a term paper with a team of fellow college students. He was unable to contribute any research or writing skills to the team, so he offered to do the photocopying. The lines at the school's photocopier were so long that he realized that there was money to be made in copying. In short order he scouted a location, borrowed $5K from his father, and launched his business.
He makes the point that, as a functionally illiterate person, he was extremely dependent on other people. He argues that this forced him from a very early age to assess people accurately and find ways to make use of them. As a youngster, this meant choosing someone to sit next to whose work he could copy. As an adult, it meant choosing people who could help him run his business.
He says that straight-A students tend not to develop the ability to read people the way a dyslexic can. He says further that straight-A students tend to do what's safe and what's asked of them, whereas a dyslexic tends to be highly creative in getting things done or at least convincing authorities that things have been done.
In short, he feels that his dyslexia was a critical ingredient in his success.
This gives him an interesting perspective on school. He feels that no assignment is so valuable as to be worth extinguishing a student's spark of self-confidence and excitement about learning. He points out that, in school, most students are made to feel like failures in something. By contrast, in adulthood we are allowed to specialize. If math explodes in our heads, we can seek work that requires little or no math. Students aren't so lucky, and some of them are so handicapped that their spirits are entirely crushed by the experience of going through school.
The Orfalea family had a long tradition of entrepreneurship, and Paul grew up believing that one should earn one's way through life by the sweat of one's brow only long enough to accumulate some savings and then, by investing wisely, gradually transition to a point where one's way is financed entirely by rent and dividends.
Today Orfalea teaches at the University of California and one of the questions he asks his students is, "What's more important: good grades or saving money?" The correct answer is saving money.
He's an excellent reader (of people, that is).......2007-01-26
This is a spectacular book.
Orfalea opened his first copy shop while still a student in college. Over the next 30 years, he built the world's premier copyshop business, then cashed out for $1.5 billion. Not a bad run, especially for a kid who was so dyslexic that he was virtually illiterate.
He says he got the idea for the business while working on a term paper with a team of fellow college students. He was unable to contribute any research or writing skills to the team, so he offered to do the photocopying. The lines at the school's photocopier were so long that he realized that there was money to be made in copying. In short order he scouted a location, borrowed $5K from his father, and launched his business.
He makes the point that, as a functionally illiterate person, he was extremely dependent on other people. He argues that this forced him from a very early age to assess people accurately and find ways to make use of them. As a youngster, this meant choosing someone to sit next to whose work he could copy. As an adult, it meant choosing people who could help him run his business.
He says that straight-A students tend not to develop the ability to read people the way a dyslexic can. He says further that straight-A students tend to do what's safe and what's asked of them, whereas a dyslexic tends to be highly creative in getting things done or at least convincing authorities that things have been done.
In short, he feels that his dyslexia was a critical ingredient in his success.
This gives him an interesting perspective on school. He feels that no assignment is so valuable as to be worth extinguishing a student's spark of self-confidence and excitement about learing. He points out that, in school, most students are made to feel like failures in something. By contrast, in adulthood we are allowed to specialize. If math explodes in our heads, we can seek work that requires little or no math. Students aren't so lucky, and some of them are so handicapped that their spirits are entirely crushed by the experience of going through school.
The Orfalea family had a long tradition of entrepreneurship, and Paul grew up believing that one should earn one's way through life by the sweat of one's brow only long enough to accumulate some savings and then, by investing wisely, gradually transition to a point where one's way is financed entirely by rent and dividends.
Today Orfalea teaches at the University of California and one of the questions he asks his students is, "What's more important: good grades or saving money?" The answer is saving money.
He's quite a guy. You'll enjoy reading about his success.
Book Description
The Worldly Philosophers is a bestselling classic that not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas -- namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines.
In a bold new concluding chapter entitled "The End of the Worldly Philosophy?" Heilbroner reminds us that the word "end" refers to both the purpose and limits of economics. This chapter conveys a concern that today's increasingly "scientific" economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new edition provides not just an indispensable illumination of our past but a call to action for our future.
Customer Reviews:
The Hobo Philosopher.......2007-09-12
Whenever anyone says to me: I would like to learn something about economics, but where do I start - this is where you start. It is simple, easy, accurate, enjoyable and written for the lay reader. If you want to know more about economics this should be your first challenge. I guarantee after reading this book, you will know more and want to learn more. It could be the best introductory economics book ever. You can trust this guy.
This Classic Remains A Great Read!.......2007-09-10
I read this book 25 years ago, and recently reread parts of it. What a great book! Many of the most prominent living economists have justly heaped praise on Heilbroner's masterpiece. I can only add my hearty agreement.
Excellent compilation of short biographies of major economists.......2007-07-27
Heilbroner (H) does a very good job of providing the beginning ,novice reader in economic history and economic thought a very general summary of the major ideas of the economists he covers.He provides many interesting anecdotal comments,such as Keynes's interest in the size and shape of other people's hands,that are worth the price of purchasing the book.There are,however,some major analytic gaps in H's coverage.I will cover two of these below.
The first major omission occurs on p.68, in the chapter covering Adam Smith,on Smith's view of the role of government in a capitalist economy.Smith spends pp.734-741 of the Wealth of Nations[Modern Library(Cannan)edition] alerting the reader to the existence of a major undepletable,detrimental externality ,with major negative impacts, that resulted from the operation of the Invisible Hand (comparative advantage + division of labor + economic self interest).These negative impacts affect all aspects of the workers' lives-social,political,moral or ethical,intellectual,and martial.It is not just a case of "...the stultifying effect of mass production..." leading to a " ...decline in manly virtues."(Heilbroner,p.68).On pp.9-10 of the WN,Smith discussed the significant role of the worker in providing a continuing series of marginal improvements in the workings of the machinery used in the production process.All such contributions come to a complete stop if the externality problem is not dealt with because the result will be "...the almost complete corruption and degeneracy of the great body of the people".(Smith,p.734).The work force will not be able to make any contribution to the political decision making process of the country.Conflicts will break out both within the family and between families.Smith includes in his solution,which is that general education and religious instruction be provided for all even if they are unable to afford it,the requirement that the workers be taught the basics(reading,writing,and arithmetic) plus geometry and mechanics.The middle class is to also be taught philosophy and science.
The second omission in Heilbroner concerns the discussion of Keynes's GT fiscal policies on pp.274-279.H does not make it clear that Keynes is opposed to cutting income taxes in order to stimulate private consumption spending.Keynes's plan is to seperate the budget into a current and a capital account.The capital account will include borrowed funds(loan expenditure) to finance long run spending on infreastructure projects and public goods that will pay for themselves in the long run.The p.131 quote given by H about the government burying bank notes in abandoned mines for private enterprise to dig up from the GT is misleading.
If I could give 10 stars I would.......2007-07-03
Best book I've read in a long time! I have exams in economics, and usually I read some light "for fun" books during exam times in order to relax. This is one of those books, and I'm learning something!!! Excellent writer!
Fascinating Story.......2007-05-08
The Worldly Philosophers by Robert L. Heilbroner provides a collection of short biographies of great thinkers in the world of economics over the past few hundred years. The book includes well-known economists like Adam Smith, Karl Marx, and John Maynard Keynes, as well as lesser-known individuals such as Robert Owen and Frederic Bastiat. Heilbroner tells the story of economic and political history using the famous economists, or worldly philosophers, in a way that explains economic concepts as they developed within a historical context. The book provides a comprehensive explanation of developments and theories that have led to current economic philosophy.
Heilbroner puts a human side to the often-bleak science of economics by describing the personalities and social situation of the various characters in the story. This makes it easy to understand what was possibly behind their political beliefs and economic models. It also makes it easy to understand their views on issues like the motives of individuals, the motives of the wealthy, the role of labor and land in economic thought, and beliefs about the cause of imperialism. Models of production, consumption, and the distribution of wealth evolved with the growth of society and of political-economic systems supporting capitalism, socialism, and communism. This evolution of economic thought is best understood within the philosophical concept of Hegelian dialectics. Economic ideas changed because of synthesis of previous ideas challenged by new and opposing ideas that result in a new concept or synthesis, which is closer to the truth than the previous thoughts. This appears to be the approach used by many of the economic philosophers. It is also the approach used by Heilbroner to help pull the historical story together throughout his book.
Heilbroner clarifies or provokes thinking on a number of issues and questions that politicians and economists continue to debate and attempt to understand. First, he shines a light on the dichotomy between capitalism and socialism and drives thinking on where along the continuum societies have evolved. He also drives thinking on the interplay between economic models and the larger socio-political environment. This brings into question the impact of government and society on economic models and theories. Economic models are developed given assumptions about how citizens and governments behave under a given set of conditions. The thinking of citizens and governments evolve which could render established economic models relatively ineffective. For example, established economic thinking and models were changed by the industrial revolution. The current technological revolution and information age is again causing a rethink of economic assumptions. No one would have predicted the events of September 11, 2001 and the impact it had on the thinking of citizens and the U.S. government. Reading and thinking about the book's content also left me asking the question - do the fundamentals of economics as a science steer the direction of society or vice versa? Which has a greater influence on the other? This then also led me to ask the question - are economic models largely predictive or explanative?
While Heilbroner provided a comprehensive historical story of great economic thinkers, he left me wondering about who are the more recent economic thinkers. The book was last revised in 1998. However, there is no mention made of recent economists like Milton Friedman and John Kenneth Galbraith. According to the Economist, Friedman is the most influential economist of the second half of the 20th century and quite possibly all of it. Keynesian economic theory is discussed in detail, but Heilbroner did not discuss monetarist economic theory or Hayek's philosophy on neoliberalism.
Book Description
Updated and revised to include theoretical and other developments, bibliographical additions, new photographs and illustrations, and expanded name and subject indexes, the fourth edition of All Possible Worlds: A History of Geographical Ideas is the most complete and comprehensive book of its kind. The text also features a layout and readability that make the material easy to navigate and understand. The book investigates the ways in which the subject of geography has been recognized, perceived, and evaluated, from its early acknowledgment in ancient Greece to its disciplined form in today's world of shared ideas and mass communication. Strong continuities knit the Classical Period to the Age of Exploration, then carry students on through Varenius to Humboldt and Ritter--revealing the emergence of "the new geography" of the Modern Period. The history of American geography--developed in seven of the twenty chapters--is strongly emphasized pursuant to the formal origins of geography in late nineteenth-century Germany, Darwin's theory of evolution, and the Great Surveys of the American West. This treatment is enhanced by chapters concerning parallel histories of geography in Germany, France, Great Britain, Russia (including the USSR and CIS), Canada, Sweden, and Japan-countries that at first contributed to and later borrowed from the body of US geographical thought. All Possible Worlds: A History of Geographical Ideas, Fourth Edition, is ideal for upper-level undergraduate or graduate courses in the history and philosophy of classical, medieval, and modern geographical thought.
Customer Reviews:
The book every geographer should have........2002-12-18
"All Possible Worlds" is an excellent source for the history of geography. The authors cover geography as done by the ancient Greeks, Phoenicians, Muslims, Chinese, Medieval scholars. Portuguese, and all the explorers during the Age of Exploration. They excellent cover how hard it was to discard the wrong ideas of the Greeks. After discussing Humboldt, they then go into the development of geography from 1850 to the present day, which to them was originally in the 1970's, although it has been updated up to 1993. in each of the major countries on the Earth.
A definite book for any true geographer to have.
Book Description
Fischer Black and the Revolutionary Idea of Finance explores Fischer Black’s intellectual journey from Harvard to the offices of ADL, from the University of Chicago to MIT, and then to Goldman Sachs. Years of research and interviews with Black’s business and academic associates, as well as family and friends, are distilled into a scholarly yet personal story of the formation and development of the extraordinary mind and unique character of this unassuming renegade. This poignant book tells the story of one man’s intellectual adventure at the very center of modern finance. It is a story about the birth of quantitative finance and financial engineering. It is also the story about the continuing human quest to defeat the "dark forces of time and ignorance," as John Maynard Keynes famously put it.
Download Description
This vignette-based business biography captures the essence of an extraordinary man and a giant in the world of finance. After years of research and cooperation from nearly all of Black's associates, family members, and friends, author Mehrling explains the ground-breaking impact Fischer Black had on money, finance, and the world markets. You'll follow Black from his undergraduate studies in physics, mathematics, and computer programming to one of the most elite of firms on Wall Street, where he developed quantitative models that are still widely used today. Fischer Black and the Revolutionary Idea of Finance demystifies this genius and provides an engaging look at a man whose life's work encapsulates modern financial theory. Order your copy today.
Customer Reviews:
A Loner who drove Financial Change.......2007-07-15
Revolutions spring from unlikely sources.
Fischer Black was an unlikely revolutionary. He thought like no one else. While teaching, his colleagues attacked problems with formulas and models. Fischer Black did not. He opted to explore them from as many different angles as he could conceive. Once solved, he generated a formula. Solving problems this way, Black found he avoided formula-dictated thinking ruts.
His teaching style was bizarre. He got bored teaching regurgitated knowledge. In his view regular lectures were a waste of time. He developed an engaging teaching style by asking 50 open-ended questions. Combined with his insistence that students learn the language of finance, this interaction gave air to brilliant minds. Black cherry-picked great ideas. His students loved the vibrant seminars.
Fischer Black became famous for what he cared less about: the Black-Scholes option model. Options were just a passing interest. He cared more about Capital Asset Pricing Model (CAPM) developed by Jack Traynor. He sought to apply it to economics.
He failed to leave a legacy in traditional economics. Fischer Black had degrees in physics and mathematics but no formal training in economics. In academia, he became recognized as forward-thinking in finance, but out of his depth in economics.
Robert Rubin, then the managing partner of Goldman Sachs, said it best when he sold his partners on the idea of hiring the academic Black.
"We will learn from Fischer," he is quoted by the author as saying, "and he will learn from us."
Fischer was egoless. He took rebuttals in stride. Open to change, he was an unapologetic believer in free markets. His unorthodox style sparked a revolution in the business of finance. His innovative thinking drove finance to the forefront of the science of economics.
Perry Mehrling has written a brilliant biography about a brilliant man.
A Guidebook to Thinking Outside of the Proverbial Box..........2006-07-28
Fischer Black's life and somewhat rebellious style of thinking are taken under the lens in Fischer Black and The Revolutionary Idea of Finance. Clearly written for those interested in economics and finance, the author illuminates the personalities, relationships and debates that drove Fischer Black toward his famous contribution to options theory. It interestingly highlights the important role Fischer Black's understanding of Jack Treynor's Capital Asset Pricing Model played in shaping his views of the investment universe and in developing the Black-Scholes Option Pricing Model.
Why not 5/5? While the author only indirectly points to Fischer Black's controversial insights and revolutionary attitude as a potential cause, we are left to speculate about the reason why he was not awarded the Nobel Prize. It would have made the story line more interesting to see this unfortunate outcome addressed.
A Masterful Biography.......2006-07-27
Fischer Black was not only a revolutionary thinker, he was an eccentrically original human being. Professor Mehrling's biography is a clear, concise account of the development of modern finance, and also a richly detailed portait of a complex man.
Outstanding scholarship wrapped in a 'John Nash-like' story.......2006-04-25
The author has done a very good job on two fronts. One, he has dissected a complex area of corporate finance and made it readable to someone with a decent grasp of business. Considering the complexity of CAPM, and how far it stretched conventional wisdom, that alone would be good for 4 stars. However, Fischer Black was an extraordinary person, moving between academia and the practice of devising new financial instruments for Wells Fargo and Goldman Sachs with an aplomb few could match.
If you enjoyed this book, then I heartily recommend Peter Bernstein's Capital Ideas as well.
Black used as a vehicle for a broader theory.......2006-02-03
This is a study of the recent history of finance economics, disguised as a biography. Not that there's anything wrong with that....
The revolutionary idea that Perry Mehrling has chiefly in mind in the title of this book is the capital asset pricing model (CAPM). Mr. Mehrling argues in a nutshell that for Fischer Black, the options formula that would make him famous and that would win two collaborators a Nobel Prize in economics in 1997 was but one application of this model.
A key theme of the book is that at least two "revolutions" have contended for mastery in the worlds of finance and economics, and that for a time in the 1960s the two revolutions, CAPM on the one hand and the efficient-markets hypothesis (EMH) on the other, appeared to be but two arrows in the same quiver. Only over time did it become clear that a choice might be required. Black opted for sticking with CAPM and reasoning from there, and Mehrlig approves of this choice, contending that Black was ahead of his time and that economics today is still struggling to catch up with some of the other inferences he drew from CAPM, in business cycle theory in particular.
Average customer rating:
|
Strategies of Economic Order: German Economic Discourse, 17501950 (Ideas in Context)
Keith Tribe
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
| Germany
| Europe
| History
| Subjects
| Books
History & Surveys
| Philosophy
| Humanities
| New & Used Textbooks
| Stores
| Books
General
| Business & Finance
| New & Used Textbooks
| Stores
| Books
General
| Economics
| Business & Finance
| New & Used Textbooks
| Stores
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Look Inside Business Books
| Trip
| Specialty Stores
| Books
Look Inside History Books
| Trip
| Specialty Stores
| Books
Look Inside Nonfiction Books
| Trip
| Specialty Stores
| Books
ASIN: 0521462916 |
Book Description
This book provides an overview of two hundred years of German economic thought from the Steetswissenschaften of the eighteenth century to National Socialism and the Social Market. Whereas Classical Economics emphasized value, distribution and production, German economic thought had a long-running tradition of human need and the varying conditions for order. By taking this latter perspective, the usual contrast of market and planning approaches to economic organization is subsumed by an approach that focuses on the construction of order in economic processes.
Amazon.com
"With cellular telephony... we saw an enormous gap between what was and what should be. I mean, [the fixed phone system] makes absolutely no sense. It is machines dominating human beings. The idea that people went to a small cubicle, a six-by-ten office, and sat there all day at the end of a six-foot cord, was anathema to me" So says Craig McCaw, who staked what once amounted to $3.5 million dollars of long-term debt on the idea that in the not-too-distant future, America would be ready to cut that six-foot-cord... and whose epic risk paid off big in 1994 when AT&T bought for $12.6 billion the nationwide cellular-phone empire McCaw had for the past decade stealthily patched together, leveraged buyout by leveraged buyout.
His story is told here by O. Casey Corr, who covers business and technology for The Seattle Times. Corr starts with the 1969 death of McCaw's broadcasting-tycoon father, whereupon Craig and his superrich Seattle family realize they are actually flat broke. At once risk-loving and shrewd, young Craig starts buying one small cable outfit after another in the Pacific Northwest as the fledgling industry picks up steam through the 1970s. But sensing the real wave of the future is the wireless phone, McCaw seizes on the FCC's mid-1980s decision to jettison its Byzantine application process for wireless regional franchises in favor of a lottery system--a move that transformed wireless speculation from a sleepy insider's game dominated by AT&T into a nationwide feeding frenzy, all at a time when cell phones and their transmission were still wildly expensive and their mass popularity more than a decade away. Leveraging one high-risk purchase against the next, eventually with the help of junk-bond king Michael Milken, McCaw gobbles up most of the infant markets. But he's smart enough to dodge his debt by selling off the entire thing to AT&T in 1994 for a dazzling $12.6 billion. He has since moved on to future-minded projects such as Teledesic, his $9 billion partnership with Bill Gates, Boeing, and Motorola to create what the book calls "an Internet in the sky, a satellite network that provides fast, cheap Internet access worldwide."
The dissolution and triumphant reconstruction of the McCaw family fortune is an intricate tale of shrewdly choreographed deals, and Corr tells it well, in an assured, crystal-clear and tautly paced entrepreneurial narrative. That said, Money from Thin Air does a better job of dissecting the technical minutiae of McCaw's empire-building than it does at dramatizing or interpreting the personalities or psyches of its main players, foremost McCaw. Corr tries hard to paint McCaw as another of those quirky, New Economy, redwood forest visionaries à la Bill Gates, full of complexities. But Corr fails at making much of a vivid character of McCraw or hitting the essence of what drives him to take such vertiginous risks. Perhaps that has to do with the one quality in his subject he seems to nail--McCaw's seeming desire to be as invisible (or, many of his employees would say, inaccessible) as possible. By Corr's own admission, McCaw agreed to all of two interviews for this book before he got bored and politely waved Corr away. You may not get caught up in the characters of Money from Thin Air, but you'll keenly follow McCaw as he profits his way across the frontier of an emerging telecommunications market. --Timothy Murphy
Book Description
From Jay Gould to John D. Rockefeller to Bill Gates, the titans who change the world have set themselves apart by seizing the high ground before anyone else even knew it existed. Gutsy, shrewd, and ruthless, they were, above all, visionaries who saw whole new industries where others saw only chaos. Today, another visionary is seizing control of the vast new world of telecommunications, an elusive entrepreneur named Craig McCaw.
Money from Thin Air is the story of how he created a new industry literally from thin air, and how he will do it again.
Journalist O. Casey Corr vividly portrays here for the first time how McCaw created a cellular communications empire from the disarray of his father's failed cable business and went on to sell it to AT&T in 1993 for a stunning $12.6 billion. And he shows how McCaw is now creating another new industry that could dwarf the accomplishments of Gates and Rockefeller put together, an "Internet in the Sky" that will provide high-speed data access to any point in the world. Most of all, Corr captures the heart of a new kind of executive -- mercurial, brilliant, extremely flexible, always entreprenurial -- who is changing the way business works forever.
A Leadership Style for the Twenty-first Century: McCaw's radically different approach to management--based on hard-nosed negotiation, shrewd borrowing, and a rare willingness to change business plans on a dime--is the new model for anyone who wants to survive, let alone thrive, in the new economy. This book shows how McCaw's unique management style evolved by instinct and from periods of intense personal reflection and self-scrutiny.
Insight into the Emerging New Media Landscape: Today, the telecom world is in turmoil. Giant companies are vulnerable because of their entrenchment in old technology and high cost. So they merge; bigger must be better. At a different level, start-ups tap new pools of capital and maneuver to exploit opportunities created by stumbling giants and collapsing regulation. Increasingly, it's a game for the nimble and the daring. The telecommunications world has come around to Craig McCaw's way of business.
An Amazing Life: Rarely does a family make and remake a fortune. Craig McCaw's father literally ran his multimillion-dollar radio and television business out of his hat, and when he died suddenly at an early age, the family's bank declared the estate insolvent. McCaw, then only twenty years old, rejected the advice of more experienced businessmen and began investing the money he got from his father's life insurance in a series of businesses most thought worthless, or at best, extremely risky. His career since then has been a series of increasingly large-scale ventures based on a unique personal vision of an emerging human society in which all of us will be freed by technology.
The Next Big Thing: McCaw made one fortune in cable TV and another in cellular telephones. Now he's building a telecommunications empire of staggering potential through a collection of companies he controls: Teledesic, a satellite partnership with Microsoft's Bill Gates that is building a global "Internet in the Sky"; Nextlink, a company positioning itself to rival the Baby Bells with its own vast network of fiber-optic cable and switching systems; CablePlus, a company that provides voice service, Internet access, and TV signals through coaxial cable; and Nextel, an international wireless-telephone company with an expanding role in data services. Each company alone is breathtaking in its ambition, hunger for capital, and risk-taking management style. Together, they provide a glimpse at the depth of McCaw's ambition: one company capable of providing high-speed data access to any point in the world.
Odd, mysterious, yet public-spirited, McCaw is a technological visionary who sees profit where others see thin air. His amazing, ongoing story is required reading for anyone wanting to understand what it takes to build an industry from scratch -- twice.
Customer Reviews:
A good story, but you never get close enough to McCaw.......2004-03-11
As Corr tells it, McCaw has always operated by a unique, hands off managerial style, often absent from key negotiations and busy flying his plane and paddling his kayak through British Columbia. For an author of a business biography, such a subject presents a real problem, because it makes it virtually impossible to paint a nuanced, subtle, in depth profile of the subject, and Corr's book suffers from this flaw. Michael Lewis had the same problem with Jim Clark in "The New New Thing," and I think there are few biographers of sufficient skill to really help us understand a mercurial figure like McCaw.
That said, the book is still worthwhile, especially for the excellent early history of the cable and cellular phone industries. The explosive growth, relentless deal making, constant capital shortages, and sudden, inexplicable abandonment by the financial community might ring a chord with anyone who has lived through the last five years. Revolutions in the communications business seem to follow such a hype-hysteria-despair-rebuild path, and today's investors and entrepreneurs can learn a lot by studying the early history of these industries. For this purpose, Corr's book is a worthy addition to a business person's library.
Sleeper in Seattle.......2003-08-24
This book provides limited facts that are not already available in the newspaper. The writing style is monotone and does not compel the reader - definitely not something that will keep me up at night reading.
Reads fast.......2001-08-03
Very insightful, quick reading book about one of the nation's most unique business leaders, a real character. There should be a sequel about McCaw handling the big shakeout in telecom and about his pet project, saving Keiko the whale. I hope Corr does another book.
Boring..........2001-06-09
The long title first struck me very impressively. However, as I went on reading the book, I find it frustrating and uninteresting. It's hard to write a book with a boring life (no offense, Mr. McCaws). But rather than diving into how the McCaws from not a nerd, a technologist, or futurist becomes successful, the author tries really hard (but unsuccessful) to make McCaws as a great visionary. If you look at the reference section in the book, you will see that most materials for this book came from newspaper. The author has to admit in his book that McCaws didn't spend much time to be interviewed either. Besides, some readers might find the book funny and silly in a technical point of view. Well, I have a feeling that the author doesn't have much insights on the wireless industry. I just read "AOL.COM" before reading this book. And in comparision, this book is really a frustration even though I really want to know more about McCaws, a local well-known family.
The Boring Billionaire.......2000-12-18
This book is obviously the story of Craig McCaw and how he made his fortune in the cellular phone market. The book does a good job of summarizing Craig's life from a family tragedy that shaped his business life, to his strong belief in cellular communication and how that made him a millionaire.
The good news/bad news is that he eschews the fame and glory of a typical egomaniac like Donald Trump. It's great from a role model standpoint but since McCaw is so protective of his privacy and is around so few people, it was difficult to write a glamorous tale of an unglamorous life. Particularly since there is no mention of McCaw ever being interviewed by the author. Therefore, you are left with the history of cellular phone development in America coupled with mention of McCaw's unique management style.
That was enough for me as I had no knowledge of the business and it was interesting to see how a conservative man leveraged himself to great wealth. But don't buy this book if you want stories of drugs, models or other scandals. This story is nothing more than a successful business tale and that is enough.
Book Description
The Seventh Edition of THE EVOLUTION OF ECONOMIC THOUGHT presents the history of economics and the philosophies that drive the economic way of thinking. It stresses the importance of understanding contemporary economics, by grasping new ideas, evidence, problems and values that call for reconsideration of basic disputes and major contributions of the past. The textbook explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow. Updated pedagogical features provide clear insight into issues like antitrust perspectives and game theory. Introducing ideas like Robert Solow's pioneering model to discuss recent renewed emphasis on growth theory and technological change, the author sheds historical light on modern debates and thoughts. Stanley Brue and Randy Grant carry on the legacy of Jacob Oser, the book's creator, by offering a scholarly and timely presentation of the history of economic thought.
Amazon.com
Over 150 years ago, Scottish essayist Thomas Carlyle dubbed economics the "dismal science." But it certainly doesn't seem that way in the skillful hands of Todd G. Buchholz, author of New Ideas from Dead Economists. In this revised edition of a book first published in 1989, economics is accessible, relevant, and fascinating. It's even fun--for example, when he uses the cast of Gilligan's Island and Henny Youngman jokes to explain complex economic theories. "Why not have the last laugh on Carlyle by using the dead economists themselves to reverse their bad reputations and to teach the lessons they left to us?"
Buchholz surveys and critiques economic thought from Adam Smith's invisible hand of the 18th century to the depression-fighting ideas of the Keynesians and money-supply concepts of the 20th-century monetarists. He also relates classic economic principles to such modern-day events as the fall of communism, the Asian financial meltdown, and global warming. Buchholz includes plenty of anecdotes about the lives of the great economists: Karl Marx, for instance, was an unkempt slob; David Ricardo, the early-19th-century English politician and economist, was among the rare economists to get rich trading stocks; and Maynard Keynes was so homely his friends called him "Snout." Here's a lively and authoritative read for those interested in the past, present, and future of economics. --Dan Ring
Book Description
Featuring brand new sections on the remarkable shifts in the world economy, this economic study is a relevant, entertaining, and fascinating guide for those seeking both a solid lesson on the development of economic theory throughout the past two hundred years and a balanced perspective of our current economic state on the brink of the millennium. By applying age-old economic theories to contemporary issues, Todd Buchholz helps readers to see how the thoughts and writings of the great economists of the past have vital relevance to the dilemmas affecting all our lives today.
Customer Reviews:
Much humor from a "dismal scientist".......2007-08-26
Luckily, economics got that "dismal science" label a long time ago, because this book is quite the opposite. Written in both lively style and learned content, the reader will want to go through each chapter wondering "who's next on the chopping block?" And who would have expected to find this gem in a normally dry-sounding field (economics), or a self-serving field (biography). Lest anyone be turned off by the relatively un-recent publication date (1989), the author has updates covering fairly recent events.
This book adds a nice thought just by itself: humor and economists. Marx and laughter. Adam Smith and mirth, etcetera. The story covers the really big names in the field in chronological order, and you just know that each personality coming up will get the same fair treatment: a description of the old economists' philosophies and systems, the good parts, the bad parts, the dumb parts, and what they said about each other. At the end, just as we figure out what the author REALLY thinks is the best economic structure, we find the answer is more along the line, "it depends." How can you not like a work like this!
Dead economists. Some books are not that good, but have a great title (e.g., "Blink" or "Feel the Fear but Do It Anyway"). Many, many are the other way around, such as "Rise & Fall of the Roman Empire." "Dead Economists" is both. Do read it.
Best book on economics I've ever read.......2007-05-21
I try to buy all of my books on Amazon due to the low prices, but this is one book that I picked up at a local chain and just couldn't put down. All of the truly great economic thinkers are profiled in depth here; their lives and their ideas. The interesting thing is that the ideas of Adam Smith, David Ricardo, and John Stuart Mill are timeless - they still pan out to this day - whereas the "ideas" of moribund "thinkers" like the cultists von Mises, Rand, and Rothbard were outdated before they were conceived. But it's not just classical economists who are profiled here - Malthus, Keynes, and even Marx are given a fair shake - and to be truthful, each and every one of them (Marx included) has an interesting perspective that you will be smarter for having considered (and in his case, hopefully rejected). All in all, I highly recommend this book for anyone who believes in true capitalism, not the anarchist utopianism of the Libertarian Party or the corporate cronyism of the modern GOP. The new mantra should be, "What would Adam Smith do?"
A Mixed Bag.......2006-12-06
This books generally delivers what it promises, a review of major thoughts from economists evaluated (somewhat) in a modern context. If that's what you are looking for, it's probably worth reading. However I had three problems with the book. First, he says some incredibly, bizarrely wrong things (quantum mechanics is not a hard science, the internet was invented by private industry, California may float away into the ocean). Even though they are topics outside of economics, they made me generally suspicious of his knowledge. Second, from some of his comments it is clear his writing has a political/philosophical bias but he never comes out and states what it is. Since I'm not an economist (after all, that's why I'm reading this book), it seems impossible to figure out what his bias is and how to correct for it. Third, perhaps a minor point, but he keeps drifting slightly off-topic in order to include a cute saying or clever remark. I mostly found this annoying, but other readers might find it helps keep the book light and fun.
Great Title -- Trivial Contents.......2006-11-23
When I first saw this book, I thought this sounds really interesting. It is, if you like to read trivia about economists, most of whom are dead. There are loose connections made to miscellaneous events in modern times, but the bulk of the book combines jokes that have been around for decades (as dead as the economists) with mini-biographies more suited to a fan magazine, focusing on John Stuart Mill's dysfunctional childhood, John Maynard Keynes' marriage to a ballerina, John Kenneth Galbraith's height, Thorstein Veblen's odd mode of dress and his lecture on cannibalism, and similar delicacies.
My impression is that the author found no use for this information when he was 
The Black Swan: The Impact of the Highly Improbable
A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets
Against the Gods: The Remarkable Story of Risk
