BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Population, Labor Force, and Long Swings in Economic Growth. By Richahd A. Easterlin . Aggregate Theory and Policy: Policy Simulations With An Econometric Model. By Gary Fromm and Paul Taub-man . Aggregate Theory and Policy: The Neutralized Money Stock: An Unbiased Measure of Federal Reserve Policy Actions. By Patric H. Hendershott . Aggregate Theory and Policy: Consumer Response to Income Increases. By George Katona and Eva Mueller . Aggregate Theory and Policy: The Demand for Money: Theories and Evidence. By David E. W. Laidler . Aggregate Theory and Policy: National Economic Policy: The Presidential Reports. Edited with commentary by Reuben E. Slesinger . Business Finance and Investments: Producer, Consumer, and Social Choice. By O. H. Brownlee and John A. Buttrick . Business Finance and Investments: The Theory of the Firm: Production, Capital, and Finance. By Douglas Vickers . Financial Institutions and Markets: Index-Linked Debts. By Pekka Ahtiala . Financial Institutions and Markets: Proceedings of a Conference on Bank Structure and Competition. Financial Institutions and Markets: The Money Men of Europe. By Paul Ferris . Financial Institutions and Markets: Money and Plan. Edited by Gregory Grossman . Financial Institutions and Markets: Money, Flow of Funds, and Economic Activity. By Nathaniel Jackendoff . Financial Institutions and Markets: Savings and Residential Financing: 1968 Conference Proceedings. Edited by Donald P. Jacobs and Richard T. Pratt . Financial Institutions and Markets: Investment Policies of Life Insurance Companies. By Lawrence D. Jones . Financial Institutions and Markets: Commercial Banking in the Economy. By Paul S. Nadler . Financial Institutions and Markets: Elementary Monetary Theory. By Harlan M. Smith . Financial Institutions and Markets: Elements of Monetary Policy. By Thomas Mayer . Financial Institutions and Markets: The Comptroller and Bank Supervision. By Ross M. Robertson . Financial Institutions and Markets: Commercial Bank Entry Into Revenue Bond Underwriting: Competitive Impact and Public Benefits. By Wm . Paul Smith . Financial Institutions and Markets: Panic on Wall Street: A History of America's Financial Disasters. By Robert Sobel . Financial Institutions and Markets: The Demand for Money in Norway. By Edward M. Syring , Jr . International Finance: Financing Economic Development: Fiscal Policy for Emerging Countries. By Robert B. Bangs . International Finance: The International Bond Market in the 1960's: Its Development and Operation. By John F. Chown and Robert Valentine . International Finance: The Economics of Interdependence: Economic Policy in the Atlantic Community. By Richard N. Cooper . International Finance: A Monetary General Equilibrium Theory for an International Economy. By Per Meinich . International Finance: Development Policy—Theory and Practice. Edited by Gustav F. Papanek . International Finance: Effects of U.K. Direct Investment Overseas: An Interim Report. By W. B. Reddaway in collaboration with J. O. N. Perkins , S. J. Potter and C. T. Taylor . International Finance: Effects of U.K. Direct Investment Overseas: Final Report. By W. B. Reddaway in collaboration with S. J. Potter and C. T. Taylor . Public Finance: A Comprehensive Income Tax Base? A Debate. By Boris I. Bittker , Charles O. Galvin , R. A. Musgrave , and Joseph A. Pechman . Public Finance: Financial Institutions and Markets: Social Security: Perspectives for Reform. By Joseph A. Pechman , Henry J. Aaron , and Michael K. Taussig . Public Finance: The Personal Exemptions in the Income Tax. By Lawrence H. Seltzer . Public Finance: Federal-State-Local Fiscal Relationship: A Symposium.     

BOOK REVIEWS

Book reviewed in this article: Controlling Monetary Aggregates II: The Implementation. Money, the Financial System, and the Economy. By George G. Kaufman . An Introduction to Applied Macroeconomics. By Edwin Kuh and Richard L. Schmalensee Econometric Studies of Macro and Monetary Relations. Edited by Alan A. Powell and Ross A. Williams . Financial Decision Making. By R. L. Johnson . Finance: Environment and Decisions. By George A. Christy and Peyton Foster Roden . The Stock Market: Theories and Evidence. By James H. Lorie and Mary T. Hamilton . The Capital Market in Israel. By Haim Ben -Shahar , Saul Bronfeld and Alexander Cukierman . The Economic Implications of an Electronic Monetary Transfer System. By Mark J. Flannery and Dwight M. Jaffee . World Trade and Payments. By Richard E. Caves and Ronald W. Jones . The Valuation of Nationalized Property in International Law, Volume II. Edited by Richard B. Lillich . Money and Capital in Economic Development. By Ronald Mc Kinnon Financing Modern Government: The Political Economy of the Public Sector. By William H. Anderson Government Finance: Economics of the Public Sector, 5th Edition. By John F. Due and Ann F. Friedlander Benefit Cost Analysis. 1971. Edited by A. C. Harberger The Budget's New Clothes. By Leonard Merewitz and Stephen H. Sosnick     

BOOK REVIEWS

Book reviewed in this article: Macroeconomic Theory and Policy. By William H. Branson . Money and Banking. By John M. Culbertson . Monetary and Fiscal Policy in a Growing Economy. By Duncan K. Foley and Miguel Sidrauski . The Current Inflation. Edited by Harry G. Johnson and A. R. Nobay . Investment: The Study of an Economic Aggregate. By Philip J. Lund . Money Matters. By A. James Meigs . The Business Cycle Today. Edited by Victor Zarnowitz . Essays in the Theory of Risk-Bearing. By Kenneth J. Arrow . Capital Budgeting: The Public and Private Sectors. By A. James Boness . The Repurchase of Common Stock. By Charles D. Ellis and Allen E. Young . Investment and Portfolio Analysis. By Haim Levy and Marshall Sarnat . Monetary Policy and the Federal Funds Market. By James M. Boughton . Finance and Economic Development in the Old South: Louisiana Banking 1804–1861. By George D. Green . Banking and Economic Development: Some Lessons of History. Edited by Rondo Cameron . The Eurodollar. Edited by Herbert V. Prochnow . Fiscal Federalism. By Wallace E. Oates .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Modern Capital Theory. By Donald Dewey . Aggregate Theory and Policy: Readings in Macroeconomics. Edited by M. G. Mueller . Aggregate Theory and Policy: National Economic Policy. By James Tobin . Business Finance and Investments: Business Finance: Theory and Management. By Stephen H. Archer and Charles A. D'Ambrosio . Business Finance and Investments: The Economics of Corporate Finance. By Seymour Friedland . Business Finance and Investments: Efficiency of Investment in a Socialist Economy. Edited by Mieczystaw Rakowski . Financial Institutions and Markets: Money and Finance: Readings in Theory, Policy, & Institutions. Edited by Deane Carson . Financial Institutions and Markets: Commercial Bank Behavior and Economic Activity: A Structural Study of Monetary Policy in the Postwar United States. By Stephen M. Goldfeld . International Finance: Financing African Development. Edited by Tom J. Farer . International Finance: Central Banking in the Commonwealth. By J. Obasanmi Olakanpo . International Finance: International Monetary Relations: Theory, History, and Policy. By Leland B. Yeager . Public Finance: Federal Budget Projections. By Gerhard Colm and Peter Wagner .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Federal Reserve Monetary Policy, 1917-1933. By Elmer R. Wicker . Biddle's Bank: The Crucial Years. By Jean Alexander Wilburn . Business Finance and Investment: The Capital Expenditure Decision. By G. David Quirin . Cases in Financial Decision Making. By Richard L. Norgaard and Donald E. Vaughn . Business Financial Management. By Gilbert W. Cooke and Edwin C. Bomeli . Financial Institutions and Markets: Trends in Corporate Quality. By Thomas R. Atkinson , with the assistance of Elizabeth T. Simpson . The Consumer Finance Industry: Its Costs and Regulation. Edited by John M. Chapman and Robert P. Shay . Money, Banking and the Economy. By John A. Cochran . Issues in Banking and Monetary Analysis. Edited by Giulio Pontecorvo , Robert P. Shay , and Albert G. Hart . Money and Economic Activity: Readings in Money and Banking, 3rd ed. Edited by Lawrence S. Ritter . International Finance: Fiscal and Monetary Problems in Developing States: Proceedings of the Third Rehovoth Conference. Edited by David Krivine .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Macroeconomics: Income and Monetary Theory. By Joseph Aschheim AND Cheng -Yao Hsieh . Aggregate Theory and Policy: The Brookings Model: Some Further Results. Edited by James S. Duesenberry , Gary Fromm , Lawrence R. Klein, and Edwin Kuh . Aggregate Theory and Policy: Macroeconomic Activity: Theory, Forecasting, and Control. By Michael K. Evans . Aggregate Theory and Policy: An Introduction to Macroeconomic Models. By K. C. Kogiku . Aggregate Theory and Policy: On Keynesian Economies and the Economies of Keynes. By Axel Leijonhufvud . Aggregate Theory and Policy: The Growing Economy. By James E. Meade . Aggregate Theory and Policy: Six Papers on the Size Distribution of Wealth and Income. Studies in Income and Wealth, Volume 33. Edited by Lee Soltow . Business Finance and Investments: Fund Accounting. By Harry D. Kerrigan . Business Finance and Investments: Theory of Financial Structure. By Glen A. Mumey . Business Finance and Investments: The Economies of Computers. By William F. Sharpe . Business Finance and Investments: Rate of Return Under Regulation: New Directions and Perspectives. Edited by Harry M. Trebing and R. Hayden Howard . Business Finance and Investments: Real Estate Investment Analysis and Taxation. By PAUL F. Wendt and Alan R. Cerf . Business Finance and Investments: Readings in Investment Analysis. Edited by David A. West . Financial Institutions and Markets: The Credit Market, Investment Planning and Monetary Policy—An Econometric Study of Manufacturing Industries. By Gunnar Eliasson . Financial Institutions and Markets: Financial Structure and Development. By Raymond W. Goldsmith . Financial Institutions and Markets: Tax Reform Act of 1969: A Consideration of Provisions Affecting Commercial Banks. By Carter H. Golembe Associates . Financial Institutions and Markets: The Future of Thrift Institutions: A Study of Diversification Versus Specialization. By Leo Grebler . Financial Institutions and Markets: Money, Banking and the Nation's Income. By David T. Lapkin . Financial Institutions and Markets: The London Discount Market. By W. M. Scammel . International Finance: The Economies of Foreign Aid. By Raymond F. Mikesell . International Finance: The Return to Gold, 1925: The Formulation of Economic Policy and Its Critics. By D. E. Moggridge . International Finance: Monetary Problems of the International Economy. Edited by Robert A. Mundell and Alexander K. Swoboda . International Finance: Money and the Balance of Payments. By Tibor Scitovsky . Public Finance: Alternative Approaches to Capital Gains Taxation. By Martin David . Public Finance: Unemployment, Idle Capacity, and the Evaluation of Public Expenditures: National and Regional Analyses. By Robert H. Haveman and John V. Krutilla . Public Finance: Fiscal Systems. By Richard A. Musgrave . Public Finance. By CARL S. Shoup . Public Finance: The Individual Income Tax and Economic Growth: An International Comparison. By Vito Tanzi . Public Finance: Fiscal Systems and Practices in Asian Countries. By Angel O. Yoingco and Ruben F. Trinidad .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Money Supply, Money Demand, and Macroeconomic Models. By John T. Bookman and Thomas M. Havrilesky . Money and Banking. By Richard H. Timberlake , Jr . and Edward B. Selby , Jr . Security Analysis and Portfolio Management. By Steven E. Bolten . Analysis for Financial Management By Louis K. Brandt . Managerial Finance for the Seventies. By Thomas C. Committe . Investments: Analysis and Management. By Jack Clark Francis . Take-Overs: Their Relevance to the Stock Market and the Theory of the Firm. By Ajit Singh . The Prediction of Profitability, and Other Studies of Company Behaviour. By Geoffrey Whittington . Financial Institutions and Markets: Inside the Money Market. By Wesley Lindow . The Stock Market in Greece: A Statistical Analysis. By N. A. Niarchos . Public Finance; The Impact of Taxes on the American Economy. By Lester C. Thurow . International Finance: Trade, Balance of Payments, and Growth, Papers in International Economics in Honor of Charles P. Kindleberger. Edited by J. N. Bhagwati , R. W. Jones , R. A. Mundell , J. Vanek .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Studies in Economic Stabilization. Edited by Albert Ando , E. Cary Brown , and Ann F. Friedlaender . Aggregate Theory and Policy: Britain's Economic Prospects. By Richard E. Caves and Associates . Aggregate Theory and Policy: Why Growth Rates Differ. By Edward F. Denison . Aggregate Theory and Policy: Monetary Economics: Readings. Edited by Alan D. Entine . Aggregate Theory and Policy: The Costs of Economic Growth. By Ezra J. Mishan . Business Finance and Investments: Investment Decision-Making. By Albert I. A. Bookbinder . Business Finance and Investments: Investment Analysis and Portfolio Management. By Jerome B. Cohen and Edward D. Zinbarg . Business Finance and Investments: Financial Management and Policy. By James C. Van Horne . Business Finance and Investments: Basic Financial Management: Text, Problems and Cases. By Edward J. Mock , Robert E. Schultz , Raymond G. Schultz and Donald Hart Shuckett . Business Finance and Investments: The Management of Capital Expenditures. By Robert G. Murdick and Donald D. Deming . Financial Institutions and Markets: The Retail Price Structure in American Life Insurance. By Joseph M. Belth . Financial Institutions and Markets: Finances and Banking. Edited by Zdzislaw Fedorowicz . Financial Institutions and Markets: The Five-Year Outlook For Interest Rates. Edited by Herbert V. Prochnow . Financial Institutions and Markets: Mutual Savings Banks and Savings and Loan Associations. By Alan Teck . Financial Institutions and Markets: Money in the Computer Age. By F. P. Thomson . Financial Institutions and Markets: The Management of Cyclical Liquidity of Commercial Banks. By G. Walter Woodworth . International Finance: Trade Liberalization Among Industrial Countries. By Bela Balassa . International Finance: Studies in Trade Liberalization: Problems and Prospects for the Industrial Countries. By Bela Balassa and Associates . International Finance: Monetary Reform and The Price of Gold-Alternative Approaches. Edited by Randall Hinshaw . International Finance: Overseas Manufacturing Investment and the Balance of Payments. By G. C. Hufbauer and F. M. Adler . International Finance: The Open Economy: Essays on International Trade and Finance. Edited by Peter B. Kenen and Roger Lawrence . Public Finance: Illinois Municipal Finance. By Glenn W. Fisher and Robert P. Fairbanks . Public Finance: Budget Concepts for Economic Analysis. Edited by Wilfred Lewis , Jr .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: A Century of Pay. By E. H. Phelps Brown with Margaret H. Browne . Aggregate Theory and Policy: Targets and Indicators of Monetary Policy. Edited by Karl Brunner . Aggregate Theory and Policy: Bankers' Diplomacy: Monetary Stabilization in the Twenties. By Richard H. Meyer . Aggregate Theory and Policy: Industrial Market Structure and Economic Performance. By Frederic M. Scherer . Aggregate Theory and Policy: The Political Economy of Prosperity. By Arthur M. Okun . Aggregate Theory and Policy: Setting National Priorities: The 1971 Budget. By Charles L. Schultze with Edward K. Hamilton and Allen Schick . Aggregate Theory and Policy: Economic Forecasting. By Herman O. Stekler . Business Finance and Investments: An Integrated Analysis For Managerial Finance. By M. Chapman Findlay , III, and Edward E. Williams . Business Finance and Investments: Cases in Managerial Finance. By Eugene F. Brigham , Timothy J. Nantell , Robert T. Aubey , and Stephen L. Hawk . Business Finance and Investments: The Predictability of Stock Market Prices. By C. W. J. Granger and O. Morgenstern . Financial Institutions and Markets: Banking in the 1970's. By The Institute of Bankers . Financial Institutions and Markets: Mutual Funds and Other Institutional Investors: A New Perspective. By Irwin Friend , Marshall Blume and Jean Crockett . Financial Institutions and Markets: Economic Factors in the Growth of Corporation Giving. By Ralph L. Nelson . International Finance: National Interests and the Multinational Enterprise. By Jack N. Behrman . International Finance: The Joint Venture Process in International Business: India and Pakistan. By James W. C. Tomlinson . International Finance: The Case Against Floating Exchanges. By Paul Einzig . International Finance: Forward Exchange and Internal-External Equilibrium (Michigan International Business Studies Number 12), by Jay H. Levin . International Finance: The Technology Factor in International Trade. Edited by Raymond Vernon . Public Finance: Education, Income, and Human Capital. Edited by W. Lee Hansen . Public Finance: Psychological Approaches to the Study of Saving. By Folke Olander and Carl -Magnus Seipel . Public Finance: Halfway to Tax Reform. By Joseph A. Ruskay and Richard A. Osserman . Public Finance: Public Investment Planning in Civilian Nuclear Power. By John M. Vernon .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy Economics on a New Frontier. By E. Ray Canterbery . Financial Policies in Transition: A Critique of Selected Issues, 1967. Edited by Thomas O. Depperschmidt . Forecasting and Recognizing Business Cycle Turning Points. By Rendigs Fels and C. Elton Hinshaw . The Demand for Money. By William J. Frazer , Jr . Public Policies and Private Investments. By John F. Helliwell . Macroeconomic Readings. Edited by John Lindauer . Monetary Policy in the United States. By Thomas Mayer . Prices: Issues in Theory, Practice, and Public Policy. Edited by Almarin Phillips and Oliver E. Williamson . Business Finance and Investments Accounting for Extraordinary Gains and Losses. By Leopold A. Bernstein . Investment and the Return to Equity Capital in the South African Gold Mining Industry, 1887–1965: An International Comparison. By S. Herbert Frankel . Dividend Policy and Enterprise Evaluation. By James E. Walter . Theory of Business Finance—Advanced Readings. Edited by J. Fred Weston and Donald H. Woods . Financial Institutions. By Raymond W. Goldsmith . Capital Markets and Institutions. By Herbert E. Dougall . Nine Leading Stock Exchanges. By Wilford J. and Sylvia C. Eiteman . The Regulation of Deposit Interest Rates. By Charles F. Haywood and Charles M. Linke . The Theory and Practice of Nonpar Banking. By Paul F. Jessup . The Impact of Computers on Banking. By James A. O'Brien . Prospects for the Savings and Loan Industry to 1975. By Edward E. Williams , Jr . International Finance Foreign Exchange Crises. By Paul Einzig . Imports of Manufactures from Less Developed Countries. By Hal B. Lary . An Econometric Model of Canada Under Fluctuating Exchange Rates. By Lawrence H. Officer . Public Finance The Demand and Supply of Public Goods. By James Buchanan . Financing Latin American Housing. By Sean M. Elliott . Federal Programs for the Development of Human Resources, A Compendium of Papers (2 volumes). Joint Economic Committee , Congress of the United States . Financial Institutions and Markets Costs in Commercial Banking: A Quantitative Analysis of Bank Behavior and Its Relation to Bank Regulation. By Frederick W. Bell and Neil B. Murphy .     

BOOK REVIEWS

Book reviewed in this article: Household Capital Formation and Financing, 1897–1962. By F. Thomas Juster . Money and Conquest: Allied Occupation Currencies in World War II. By Vladimir Petrov . Prosperity and Unemployment. Edited by Robert A. Gordon and Margaret S. Gordon . Toward Full Employment in Our Free Enterprise Society. By Morris A. Copeland . Regional Accounts for Policy Decisions. Edited by Werner Z. Hirsch . The Tenement Landlord. By George Sternlieb . Foundations for Financial Management: A Book of Readings. Edited by James Van Horne . A Theory of Financial Analysis. By Eugene M. Lerner and Willard T. Carleton . The Scope and Methodology of Finance. By J. Feed Weston . Working Capital Management. By William Beranek . Valuation: Concepts and Practice. By Erich Helfert . The Term Structure of Interest Rates: Expectations and Behavior Patterns. By Burton Gordon Malkiel . Liquidity Preferences of Commercial Banks. By George R. Morrison . Monetary Theory and Policy. Edited by Richard S. Thorn . Analytical Methods in Banking. Edited by Kalman J. Cohen and Frederick S. Hammer . The Commercial Paper Market. By Nevins D. Baxter . Insider Trading and the Stock Market. By Henry G. Manne . Money, Banking, and Credit in Eastern Europe. By George Garvy . Forward Exchange, Speculation, and the International Flow of Capital. By Herbert G. Grubel . International Finance for Multinational Business. By Lee C. Nehrt . Intergovernmental Fiscal Relations in the United States. By George F. Break . Effects of Corporation Income Tax. Edited by Marian Krzyzaniak . A General Theory of Tax Structure Change During Economic Development. By Harley H. Hinrichs .     

BOOK REVIEWS

Book reviewed in this article: Money and Banking in Japan. Edited by L. S. Presnell . The British Financial System. By Jack Revell . Leading Issues in International Economic Policy. Edited by C. Fred Bergsten and Williams G. Tyler . International Trade and Payments. By W. M. Scammell . The Refunding of International Debt. By Henry J. Bittermann . Money and the Real World. By Paul Davidson . National Monetary Policies and International Monetary Cooperation. By Donald R. Hodgman . Principles of Money, Banking, and Financial Markets. By Lawrence S. Ritter and William L. Silber . The Collected Scientific Papers of Paul A. Samuelson, Vol. III. Edited by Robert C. Merton . Replacement Cost Accounting. By Lawrence Revsine . In Pursuit of Price Stability: The Wage-Price Freeze of 1971. By Arnold R. Weber .     

BOOK REVIEWS

Book reviewed in this article: The Economics of Labor Force Participation. By William G. Bowen and T. Aldrich Finegan . Errors in Provisional Estimates of Gross National Product. By Rosanne Cole . Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations, and States. By Albert O. Hirschman . Investment, Interest and Capital. By J. Hirshleifer . Dating Postwar Business Cycles: Methods and Their Application to Western Germany, 1950–67. By Ilse Mintz . The Economic and Financial System. By Richard A. Ward . Investment Banking in America: A History. By Vincent P. Carosso . Uncertainty and Estimation in Economics, Volume III ¹ 1 T. Dernburg and K. Strand, “Hidden Unemployment 1953-62: A Quantitative Analysis by Age and Sex,” American Economic Review, March 1966, tables 5 and 6.
. By D. G. Champernowne . Strategy for Financial Mobility. By Gordon Donaldson . Information for Decision Making: Quantitative and Behavioral Dimensions. Edited by Alfred Rappaport . The Function and Analysis of Capital Market Rates. By James C. Van Horne . Money, Banking and Income: Theory and Policy. By Pham Chung . Men, Money and Policy: Essays in Honor of Karl R. Bopp. Edited by David P. Eastburn . Home Mortgage Delinquency and Foreclosure. By John P. Herzog and James S. Earley . Programmed Text in Money and Banking. By John T. Masten and W. Warren Haynes . Introduction to Monetary Economics. By Robert E. Weintraub . The International Monetary Fund, 1945–1965. By J. Keith Horsefield , Margaret G. de Vries , and others. Industrial Development Bond Financing: Business and Community Experiences and Opinions. Alabama Business Research Council , in cooperation with the Center for Business and Economic Research, College of Commerce and Business Administration. The Bureau of the Budget. By Percival Flack Brundage . Value Added Tax (VAT). A report by the National Economic Development Office .     

Book Reviews

Book reviewed in this article: Money, The Financial System, and Monetary Policy. By THOMAS F. CARGILL. Policy Making for Social Security. By MARTHA DERTHICK. Financial Theory and Corporate Policy. By THOMAS E. COPELAND and J. FRED WESTON. Impending Changes for Securities Markets: What Role for the Exchanges? Edited by ERNEST BLOCH and ROBERT A. SCHWARTZ. G Money in International Exchange. By RONALD I. McKINNON. CORPORATE FINANCE Essentials of Finance. By JONES, RAY G., JR. and DUDLEY, DEAN. The Theory of Financial Decisions, 2nd Edition. By C.W. Haley and L.D. Schall. A New Look at Portfolio Management. By DAVID M. AHLERS INVESTMENTS Investments. By WILLIAM F. SHARPE. MISCELLANEOUS The Golden Constant: The English and American Experience, 1560–1976. By ROY W. JASTRAM Research in Experimental Economics. Vol. 1., editor: VERNON L. SMITH REAL ESTATE Real Estate Appraisal and Investment. By SANDERS A. KAHN and FREDERICK E. CASE     

BOOK REVIEWS

Book Reviews in this Article: Aggregate Theory and Policy: Quantitative Planning of Economic Policy. Edited by Bert G. Hickman . Aggregate Theory and Policy: Employment Policy and the Labor Market. Edited by Arthur M. Ross . Business Finance and Investments: Business Finance. By Louis K. Brandt . Business Finance and Investments: Frontiers of Investment Analysis. Edited by E. Bruce Frederickson . Business Finance and Investments: Business Finance: The Management Approach. By Richards C. Osborn . Business Finance and Investments: The Great Boom and Panic. By Robert T. Patterson . Financial Institutions and Markets: The Flow of Capital Funds in the Postwar Economy. By Raymond W. Goldsmith . National Bureau of Economic Research. Financial Institutions and Markets: The Federal Reserve and the American Dollar: Problems and Policies, 1946–1964. By James L. Knipe . Financial Institutions and Markets: Financing Real Estate. By Sherman J. Maisel . Financial Institutions and Markets: Time Deposit Growth and the Employment of Bank Funds. By George R. Morrison and Richard T. Selden . Financial Institutions and Markets: Money and Banking. By John G. Ranlett . International Finance: Foreign Dollar Loans In Europe. By Paul Einzig . Public Finance: Federal Lending and Economic Stability. By George F. Break . Public Finance: Financing State and Local Governments. By James A. Maxwell . Public Finance: The Tax on Value Added. By Clara K. Sullivan .     

BOOK REVIEWS

Book reviewed in this article: AggregatJJ Theory and Policy Income and Wealth. By Edward Ames . Controlling Monetary Aggregates: Proceedings of the Monetary Conference Held on Nantucket Island, June 8–10, 1969. Sponsored by the Federal Reserve Bank of Boston Essays on Interest Rates, Volume I. Edited by Jack M. Guttentag and Phillip Cagan Business Finance and InvestmentsAn Introduction to Risk and Return from Common Stocks. BY Richard A. Brealey . Capital Allocation Theory: The Study of Investment Decisions. By Gerald A. Fleischer . Quantitative Analysis of Financial Decisions. By James C. T. Mao . Microeconomics and Decision Models of the Firm. By Thomas H. Naylor and John M. Vernon . Financial Institutions and MarketsModern Techniques in Bank Management. Edited by Douglas V. Austin and Gene S. Booker . The Price of Money, 1946 to 1969: An Analytical Study of United States and Foreign Interest Rates. By Sidney Homer and Richard I. Johannesen . Innovations in Bank Management: Selected Readings. Edited by Paul F. Jessup . The Federal Home Loan Bank Board. By Thomas B. Marvell . Municipal Bond Finance and Administration: A Practical Guide to the Analysis of Tax Exempt Securities. By Alan Rabinowitz . Readings in Financial Markets and Institutions. Edited by J. Van Fenstermaker . International FinanceResource Flows to Less Developed Countries. By Clive S. Gray . A Structural Model of the U.S. Balance of Payments. By Martin F. J. Prachowny . Amsterdam and London: North-Holland, 1969. Pp. 176. $9.50. Readings in International Financial Management. Edited by Arthur I. Stonehill . International Financial Management. By David B. Zenoff and Jack Zwick Public FinanceTaxes and Politics: A Study of Illinois Public Finance. By Glenn W. Fisher . The Taxation of Income from Capital. Edited by Arnold C. Harberger and Martin J. Bailey . Commonwealth-State Financial Relations in Australia. By James A. Maxwell . Tax Impacts on Compensation. Sponsored by Tax Institute of America     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: MacroEconomic Theory: A Mathematical Treatment. By R. G. D. Allen . Aggregate Theory and Policy: acroeconomic Theory and Stabilization Policy. By John M. Culbertson . Aggregate Theory and Policy: Economic Planning and Policies in Britain, France and Germany. By Malcolm Mac Lennan , Murray Forsyth and Geoffrey Denton . Aggregate Theory and Policy: The Job Content of the U.S. Economy, 1940–1970. By James G. Scoville . Aggregate Theory and Policy: Readings in the Modern Theory of Economic Growth. Edited by Joseph E. Stiglitz and Hirofumi Uzawa . Aggregate Theory and Policy: 4 Monetary Policy for Latin America. By Pierre Uri , together with Nicholas Kaldor , Richard Ruggles , and Robert Triffin . Aggregate Theory and Policy: lue, Capital, and Growth: Papers in Honour of Sir John Hicks. Edited by J. N. Wolfe . Business Finance and Investments: Risk and Uncertainty: Proceedings of a Conference Held by the International Economic Association. Edited by Karl Borch and Jan Mossin . Business Finance and Investments: Personal Trust Investment Management. C. F. A. Research Foundation (Monograph Series Number 2). Business Finance and Investments: Managerial Finance. By Salomon J. Flink and Donald Grunewald . Business Finance and Investments: Theory of Valuation. By Charles L. Hubbard and Clark A. Hawkins . Business Finance and Investments: Business Combinations: Planning and Action. By Arthur . Wyatt and Donald E. Kiesos . Business Finance and Investments: Capital Budgeting: The Economic Evaluation of Investment Projects. By William H. Jean . Business Finance and Investments: The Cost of Capital. By Wilbur G. Lewellen . Business Finance and Investments: Measuring the Investment Performance of Pension Funds for the Purpose of Inter-Fund Comparison. By James Lorie Business Finance and Investments: Decision Analysis: Introductory Lectures on Choices Under Uncertainty. By Howard Raiffa . Business Finance and Investments: Guide to Convertible Securities. By William Schwartz and Julius Spellman . Business Finance and Investments: Corporation Finance, Policy, Planning, Administration. By Paul M. Van Arsdell . Financial Institutions and Markets: Competition and Controls in Banking. By David A. Alhadeff . Financial Institutions and Markets: Investment Banking and the New Issues Market. By Irwin Friend , James R. Longstreet , Morris Mendelson , Ervin Miller , and Arleigh P. Hess , Jr . Financial Institutions and Markets: The New York Money Market and the Finance of Trade, 1900–1913. By C. A. E. Goodhart . Financial Institutions and Markets: A Study of Wholesale Banking Behavior. By Neil B. Murphy . Financial Institutions and Markets: The Organization of Industry. By George J. Stigler . Financial Institutions and Markets: Mutual Savings Banks: The Evolution of a Financial Intermediary. By Weldon Welfling . International Finance: Financial Capital Flows in the U.S. Balance of Payments. By William H. Branson . International Finance: Readings in the Euro-Dollar. Edited by Eric Chalmers . International Finance: American Business Abroad: Six Lectures on Direct Investment. By Charles P. Kindleberger . International Finance: Toward an Orderly Market: An Intensive Study of Japan's Voluntary Quota in Cotton Textile Imports. By John Lynch . Public Finance: Nigerian Federal Finance. By Adebayo Adede ji . Public Finance: Governmental Problem-Solving: A Computer Simulation of Municipal Budgeting. By John P. Crecine . Public Finance: Budgeting Public Funds: The Decision Process in an Urban School District. By Donald Gerwin . Public Finance: State and Local Tax Problems. Edited by Harry L. Johnson . Public Finance: Public Expenditures in Communist and Capitalist Nations. By Frederic L. Pryor . Public Finance: The Metropolitan Enigma: Inquiries into the Nature and Dimensions of America's “Urban Crisis.” Edited by James Q. Wilson .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: The Theory and Empirical Analysis of Production, Studies in Income and Wealth, Volume 31. Edited by Murray Brown . Europe's Postwar Growth. by Charles P. Kindleberger . Information, Expectations, and Inventory Fluctuation, NBER Studies in Business Cycles Number 16. By Ruth Mack . The Wage-Price Guideposts. By John Sheahan . Essays on the Theory of Optimal Economic Growth. Edited by Karl Shell . Depreciation Policies and Resultant Problems. By William T. Hogan , S.J. Survey of Investments. By Donald E. Vaughn . Financial Institutions and Markets: The Future of Small Banks: An Analysis of Their Ability to Compete with Large Banks. By Ernest Kohn . The Wealth of the Nation. By Jack Revell . International Finance: Financing and Problems of Development Banking. By J. T. Dock Houk . Maintaining and Restoring Balance in International Payments. By William Fellner , Fritz Machlup , Robert Triffin , and Eleven Others. The Teaching of Development Economics. Edited by Kurt Martin and John Knapp . Public Finance: Metropolitan America: Fiscal Patterns and Governmental Systems. By Alan K. Campbell and Seymour Sacks . Property Taxation, U.S.A. Edited by Richard W. Lindholm . The Property Tax: Problems and Potentials. A Symposium. Economic Evaluation of Urban Renewal. By Jerome Rothenberg     

BOOK REVIEWS

Book reviewed in this article: Stabilization Policies in Interdependent Economies. Edited by Emil Claassen and Pascal Salin . Government Spending and Land Values—Public Policy and Private Gain. Edited by C. Lowell Harriss . Permanent Income, Wealth and Consumption. By Thomas Mayer . Security Evaluation and Portfolio Analysis. Edited by Edwin J. Elton and Martin J. Gruber . The Theory of Finance. By Eugene F. Fama and Merton H. Miller . The Theory of Financial Decisions. By Charles W. Haley and Lawrence D. Schall . Mathematical Methods in Investment and Finance. Edited by G. P. Szego and Karl Shell Financial Development and Economic Growth: The Consequences of Underdeveloped Capital Markets. Edited by Arnold Sametz . The International Money Game. By Robert Z. Aliber . European Capital Markets: Towards a General Theory of International Investment. By Bruno H. Solnik .