Walden
written by Henry David Thoreau and
first published in 1854, is the consumate
book about real estate. Although few
people, if any, think of it that way,
which may account for its continuing
popularity. Most people see this book
as a tome about frugal living and
appreciation of nature. This is true
on the surface. IN REALITY it is a
book about economics, construction,
site selection and intelligent land
use. Thoreau's experiment in living
was the precursor to urban sprawl.
In spite of my slanted take on this
book, Thoreau's lessons in economy,
frugal living, building, getting along
with people, appreciating what you
have and protecting nature are as
valid today as when they were written.
Against
the Gods : The Remarkable Story of
Risk Bernstein's lively
history chronicles a profound transformation
in attitudes about the future. How
one's fate changed from depending
less on capricious outcomes and more
on predictable ones forms the backbone
of the narrative. His central characters
are mathematicians who began pondering
the statistics of gambling, or gamblers
pondering the risks of gambling: about
one sixteenth-century polymath, Girolamo
Cardano, Bernstein writes that his
"credentials as a gambling addict
alone would justify his appearance
in the history of risk," and
that comment is typical of Bernstein's
engaging presentation. Amid his recounting
of the insights into probability from
Pascal to Keynes, he touches on an
array of modern fields in which risk
analysis is crucial--insurance, commodities
futures, stock markets, and that old
standard, gambling. This cornucopia
of biographical sketches, mathematical
examples, and reflections on the nature
of human expectations about the future
faces little risk of idling in libraries;
patrons of the business section might
be keenest to read it. - Gilbert Taylor,
Booklist.
Thinking
Strategically: The Competitive Edge
in Business, Politics, and Everyday
Life Most books on game theory
either focus on specialized applications
(cardplaying, business, nuclear war)
or bore with mathematics and jargon.
Free of formulas and argot, this refreshing
exception distills the principles,
concepts, tools and techniques--brinkmanship,
bargaining, unconditional moves, vicious
circles, etc.--with an astonishing
diversity of illustrative examples
drawn from political campaigns, baseball,
neighborhood dynamics of segregation,
the military draft, speed limits,
childrearing and so forth. In helping
strategists anticipate rivals' responses
and win the game, economics professors
Dixit and Nalebuff (who teach game
theory at Princeton and Yale, respectively)
provide managers, negotiators, athletes,
parents and other game-players with
a formidable weapon. Drawings. - Publishers
Weekly Copyright 1990 Reed Business
Information, Inc.
The
House of Morgan: An American Banking
Dynasty and the Rise of Modern Finance
Chernow vividly portrays the influence
that the Morgan banks have had on
the history of the Western economy
since the late 18th century. The epic
story of the development of the American
industrial experience is inextricably
related to the history of the Morgan
banks. Though this fascinating story
is virtually the same as that told
by Kathleen Bunk in Morgan Grenfell
1838-1988 ( LJ 12/89), Chernow adds
color and personality with an emphasis
on the 20th-century development of
the bank. Working with recently discovered
Morgan archives, he reveals institutional
details long hidden by the protective
secrecy of the family. This superb
history will be an important book.
BOMC, Fortune, and History Book Club
featured alternates. -Library Journal,
Joseph Barth, U.S. Military Acad.
Lib., West Point, N.Y. Copyright 1990
Reed Business Information, Inc.
The
PRIZE : THE EPIC QUEST FOR OIL, MONEY
& POWER Daniel Yergin
joined the energy project of the Harvard
Business School and wrote the best-seller
Energy Future. Following on from there,
The Prize, winner of the 1992 Pulitzer
Prize for nonfiction, is a comprehensive
history of one of the commodities
that powers the world--oil. Founded
in the 19th century, the oil industry
began producing kerosene for lamps
and progressed to gasoline. Huge personal
fortunes arose from it, and whole
nations sprung out of the power politics
of the oil wells. Yergin's fascinating
account sweeps from early robber barons
like John D. Rockefeller, to the oil
crisis of the 1970s, through to the
Gulf War. - Amazon.
Extraordinary
Popular Delusions & the Madness
of Crowds Why do otherwise
intelligent individuals form seething
masses of idiocy when they engage
in collective action? Why do financially
sensible people jump lemming-like
into hare-brained speculative frenzies--only
to jump broker-like out of windows
when their fantasies dissolve? We
may think that the Great Crash of
1929, junk bonds of the '80s, and
over-valued high-tech stocks of the
'90s are peculiarly 20th century aberrations,
but Mackay's classic--first published
in 1841--shows that the madness and
confusion of crowds knows no limits,
and has no temporal bounds. These
are extraordinarily illuminating,and,
unfortunately, entertaining tales
of chicanery, greed and naivete. Essential
reading for any student of human nature
or the transmission of ideas. - Amazon.com.
Liar's
Poker: Rising Through the Wreckage
of Wall Street As described
by Lewis, liar's poker is a game played
in idle moments by workers on Wall
Street, the objective of which is
to reward trickery and deceit. With
this as a metaphor, Lewis describes
his four years with the Wall Street
firm Salomon Brothers, from his bizarre
hiring through the training program
to his years as a successful bond
trader. Lewis illustrates how economic
decisions made at the national level
changed securities markets and made
bonds the most lucrative game on the
Street. His description of the firm's
personalities and of the events from
1984 through the crash of October
1987 are vivid and memorable. - Library
Journal, Joseph Barth, U.S. Military
Acad . Lib., West Point, N.Y. Copyright
1989 Reed Business Information, Inc.
Cadillac
Desert: The American West and Its
Disappearing Water In this
stunning work of history and investigative
journalism, Reisner tells the story
of conflicts over water policy in
the West and the resulting damage
to the land, wildlife and Indians.
PW stated that this "timely and
important book should be required
reading for all citizens." -
Publishers Weekly Copyright 1987 Reed
Business Information, Inc
The
48 Laws of Power Greene is
a screenwriter, playwright, and professional
researcher. Elffers "packages"
books; among his "products"
are a book on fruit carving called
Play with Your Food (1997) and a book
of "personology" profiles
called The Secret Language of Birthdays
(1994). Greene spent two years compiling
and synthesizing this collection of
prescriptions for obtaining and wielding
power. Besides the obvious inclusion
of Machiavelli, Sun-Tzu, and von Clausewitz,
there are observations from P. T.
Barnum, "Swifty" Lazar,
and Clifton Fadiman. In all, hundreds
of quotes from 3,000 years of history
and lore are included. Each "law"
is summarized and a demonstration
of its application is provided, supported
by the quotes Greene unearthed. The
index and bibliography that will come
with final publication will make this
a usable reference work in addition
to one that provides fascinating entertainment.
- David Rouse, Booklist .
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