Book review

Tourism Marketing. By Salah Wahab, Jack Crampon, and L. Rothfield. London, England: Tourism International, 1976. 273 pp. U.S. $16.00

Tourism in the Bahamas and Bermuda: Two Case Studies. By Brian H. Archer. Bangor, Wales: University of Wales Press, 1977. Pp. ix, 87. £3.25

Park Planning Handbook: Fundamentals of Physical Planning for Parks and Recreation Areas. By Monty L. Christiansen. New York: John Wiley & Sons, Inc., 1977. Pp. xiv, 413. Hardcover: $18.95

Educating for Leisure‐Centered Living. By Charles K. Bright‐bill and Tony A. Mobley. (2nd Edition—Revised). New York: John Wiley and Sons, 1977. Pp. viii, 128. Paperback: $4.95

Private and Commercial Recreation: A Text and Reference. By Arlin F. Epperson. New York: John Wiley & Sons Publishing Company, Inc., 1977. Pp. 385. Hardcover: $15.95

The Economic Impact of Parks. A report prepared for the Federal/Provincial Parks Conference. By the Canadian Outdoor Recreation Research Committee. Toronto: Ontario Research Council on Leisure, 1975. Pp. 107. $4.50

A Model for Planning and Managing National Parks. By Laurence Prosser. Center of Leisure Studies, University of Oregon, 1977. Pp. 456. $25.00

Delivery of Community Leisure Services: An Holistic Approach. By James F. Murphy and Dennis R. Howard. Philadelphia: Lea & Febiger, 1977. Pp. vii, 219. Paperback: $9.75

Recreation Leadership. 3rd edition. By Maryhelen Vannier. Philadelphia: Lea & Febiger, 1977. Pp. 387. Hardcover: $12.50

Leisure: An Introduction. Edited by Hilmi Ibrahim and Fred Martin. Los Alamitos: Hwong Publishing Company, 1977. Pp. 360

Outdoor Recreation in America: Trends, Problems and Opportunities. 3rd edition. By Clayne R. Jensen. Minneapolis: Burgess Publishing Company, 1977. Pp. 269. Hardcover: $12.95

A Research Study into Provision for Recreation in the Highlands and Islands: Phase 1—Areas Affected by Oil‐Related Development. Research Reports 22, 23, and 31. Tourism and Recreation Research Unit, University of Edinburgh, Scotland, 1976 and 1977. Pp. 339, 411, and 145.

Research Study into Provision for Recreation in the Highlands and Islands: Phase 2—Regional Perspective: A Commentary by J. A. Long, J. T. Coppock, and B. S. Duffield. Research Report 37. Tourism and Recreation Research Unit, University of Edinburgh, Scotland, 1978. 110 pp.

The Environmental Impact of Outdoor Recreation. By Geoffrey Wall and Cynthia Wright. Waterloo, Ontario, Canada: Department of Geography Publication Series, Faculty of Environmental Studies. 1977, 69 pp. $5.00.

Avocational Counseling Manual—A Complete Guide to Leisure Guidance. By Robert Overs, Sharon Taylor, and Catherine Adkins. Washington, D.C.: Hawkins and Associates, Inc., 1977, 203 pp.

Leisure and Recreation: Introduction and Overview. By Clayne R. Jensen. Philadelphia: Lea & Febiger, 1977, 295 pp. Paperback $13.50.

The Joy of Sport. By Michael Novak. New York: Basic Books, 1976. Pp. 358. $10.95     

Two state capital accumulation with heterogenous products: Disruptive vs. non-disruptive goods

The paper considers the problem of a firm that, while producing a standard product, has the option to introduce an innovative product. The innovative product competes with the standard product and will therefore reduce revenues of the standard product. A distinction is made between innovative products that do or do not become even more relatively appealing as their market share grows (e.g., because of network externalities). It is shown that in the former case, which we call a “disruptive” good, history dependent long run equilibria can occur, which are in line with recent real life economic examples.     

Francois Quesnay: Interpreters and Critics Revisited

A bstract . Francois Quesnay is held by many to be the first truly modern economist. In 1750, Quesnay outlined a framework for input-output analysis , perfected by Leontiefin 1930's; he developed a general equilibrium theory perfected in the 20th century by Walras and Keynes ; and Quesnay was among the first to analyse economic growth theory as a function of capital accumulation. As the main representative of the Physiocrats he proclaimed the libertarian motto of laissez faire. But his "libertarian ideas" were quite limited to domestic agricultural trade. The Physiocrats were tied with the aristocratic and autocratic "ancien regime" and Quesnay himself did not promote individual freedom and abhorred class struggle. By proclaiming "laissez faire la nature," the physiocrats believed in the natural order of things, with governments enforcing this natural order. In this order, agriculture is the source of all wealth and everything else is sterile: agricultural development means economic development. The physiocratic philosophy contributed to the 18th century "enlightenment" from the outside; it was too tied with the past to induce radical changes. The Physiocrats were forerunners of much of the economic theory and tools used today; but the economics system they envisioned was not meant to widen welfare or economic freedom.     

Funktionswandel der EZB?

Die Kernaufgabe der Europ?ischen Zentralbank ist es, die Preisstabilit?t zu gew?hrleisten. Die Finanz- und Staatsschuldenkrise hat der EZB die Rolle aufgezwungen, durch Notma?nahmen die Stabilit?t der W?hrungsunion zu sichern. Ihre Unabh?ngigkeit wird zunehmend dadurch gef?hrdet, dass es in diesem Prozess zu einer Verquickung von Fiskal- und Geldpolitik kommt. W ünschenswert w?re eine Rückkehr der EZB zu ihrer alten Rolle und eine Strategie, die für einen Abbau der weltweiten und europ?ischen Ungleichgewichte sorgen k?nnte.     

Zwischenbilanz: Krisengewinner und -verlierer

Die Finanz- und Wirtschaftskrise hat sich seit 2008 entfaltet. Seitdem gibt es verschiedene Versuche, ihre Folgen durch Rettungsschirme, Konjunkturprogramme und gesetzliche Regelungen in den Griff zu bekommen. Immer dringender stellt sich auch angesichts des jüngst vorgestellten Sparprogramms der Bundesregierung die Frage, wer tats?chlich von diesen Ma?nahmen profi tiert, wer sie bezahlen muss und ob die Verursacher der Krise angemessen an den Kosten der Schadensregulierung beteiligt werden.     

Die Debatte um die deutsche Exportorientierung

Die in vielen L?ndern gewachsene Einkommensungleichheit wird international zunehmend als eine wesentliche Ursache für die Weltwirtschaftskrise und die globalen Ungleichgewichte im Au?enhandel hervorgehoben. Hingegen ist die Debatte in Deutschland teilweise noch immer durch die Forderung nach weiterer Lohnzurückhaltung und sozialpolitischen Einschnitten gekennzeichnet. Welche Rolle kann die Lohn- und Verteilungspolitik zur mittelfristigen überwindung der deutschen Exportlastigkeit und zur Stabilisierung der deutschen und globalen Wirtschaft spielen?     

Price-raising drug enforcement and property crime: a dynamic model

Price-raising drug enforcement suppresses drug use, but it is expensive and may increase property crime. This has led to contradictory recommendations concerning how drug enforcement should or should not be used. We reconcile these recommendations by incorporating the enforcement's effects on both drug use and on property crime within an optimal-control model that recognizes whether convicted drug-involved property offenders are merely incarcerated or whether they receive some form of drug treatment.