Book Reviews

Book reviewed in this article: The Modern Theory of Corporate Finance. Edited by MICHAEL C. JENSEN and CLIFFORD W. SMITH, Jr. Money, Banking, and Financial Markets. By J. WALTER ELLIOTT. Bank Management; Text and Cases. By GEORGE H. HEMPEL, ALAN B. COLEMAN, and DONALD G. SIMONSON. Personal Finance. By R. MALCOLM RICHARDS, S. KERRY COOPER, and DONALD R. FRASER.     

Book Reviews

Book reviewed in this article: Principles of Financial Management. By BENTON GUP. The International Monetary System, 1945–1981. By ROBERT SOLOMON The Economics of Private Pensions. By ALICIA H. MUNNELL. Personal Finance. By JOHN D. PENSON, Jr., DONALD R. LEVI, and CLAIR J. NIXON. Financial Econometrics for Researchers in Finance and Accounting. By H. RUSSELL FOGLER and SUNDARAM GANAPATHY. Stochastic Methods in Economics and Finance. By A. G. MALLIARIS and W. A. BROCK. International Finance: Text and Cases. By GEORGE FEIGER and BERTRAND JACQUILLAT.     

BOOK REVIEWS

Book reviewed in this article: An Aggregate Theory of International Payments Adjustment. By H. Peter Gray International Banking and Finance. By Francis A. Lees The Euro-Bond Market: Function and Structure. By Yoon S. Park Competing for Stock Market Profits. By Paul F. Jessup Investment Analysis. Edward E. Williams and M. Chapman Findlay III. Managerial Theories of the Firm. By J. R. Wildsmith The Theory of Microeconomic Policy. By Nancy Smith Barrett Public Finance, Planning and Economic Development: Essays in Honor of Ursula Hicks. Edited by Winfred L. David Broad-Based Taxes: New Options and Sources. Edited by Richard A. Musgrave Venture Capital. By John R. Dominguez     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Capital and Growth. By John R. Hicks . Aggregate Theory and Policy: Essays in Monetary Policy in Honor of Elmer Wood. Edited by Pinkney C. Walker . Business Finance and Investments: Financial Accounting Theory. By Harold Bierman , Jr . Business Finance and Investments: Investment Decisions and Capital Costs. By James T. S. Porterfield . Financial Institutions and Markets: The Financial Sector and Economic Development: The Mexican Case. By Robert L. Bennett . Financial Institutions and Markets: Valuations of Securities as of December 31, 1965. By Committee on Valuation of National Association of Insurance Commissioners . Financial Institutions and Markets: Analytics and Institutions of Money and Banking. By William J. Frazer , Jr . and William P. Yohe . Financial Institutions and Markets: How to Analyze a Bank Statement. By F. L. Garcia . Financial Institutions and Markets: Cycles in Government Securities: Determinants of Changes in Ownership. By Michael E. Levy . Financial Institutions and Markets: California Banking in a Growing Economy: 1946–1975. Edited by Hyman P. Minsky . Financial Institutions and Markets: Government Securities Market. By Ira O. Scott , Jr . Financial Institutions and Markets: Readings in Money, National Income, and Stabilization Policy. Edited by Warren L. Smith and Ronald L. Teigen . International Finance: Foreign Exchange, Capital Flows, and Monetary Policy. By E. Ray Canterbery . International Finance: International Finance. By Richard Ward . International Finance: Report of the Study Group on the Creation of Reserve Assets: Report to the Deputies of the Group of Ten. Public Finance: Development Finance: Planning and Control. By Ursula K. Hicks . Public Finance: Federal Budget Policy. By David J. Ott and Attiat F. Ott . Public Finance: Pros and Cons of the Property Tax. By Dick Netzer . Public Finance: Fiscal Neutrality Toward Economic Growth: Analysis of a Tax Principle. By Edmund S. Phelps .     

Book Reviews

Book reviews in this article: Cases in Business Finance. By Z. Lew Melnyk and Charles L. Barngrover. Principles of Financial Management Ward S. Curran. Program Budgeting and Benefit-Cost Analysis, Cases, Text and Readings. By Harley H. Hinrichs and Graeme M. Taylor The Management of Capital Expenditures. By Robert G. Murdick and Donald D. Deming. The Role of Private Placements in Corporate Finance. By Eli Shapiro and Charles R. Wolf. Turnaround Management. Edited by Joseph Eisenberg. Welcome to Our Conglomerate-You're Fired! By Isadore Barmash. Banking Markets and Financial Institutions. Edited by Thomas G. Gies and Vincent P. Apilado. Economics of Financial Institutions and Markets. By Paul F. Smith. Financial Institutions and Markets. By Murray E. Polakoff and others. Money and Banking. By John M. Culbertson. Insurance: Its Theory and Practice in the United States. Sixth edition. By Albert H. Mowbray, Ralph H. Blanchard, and C. Arthur Williams, Jr. Risk Management and Insurance. Second Edition. By C. Arthur Williams, Jr. and Richard M. Heins. The Behavior of Interest Rates: The Application of the Efficient Market Model to U.S. Treasury Bills. By Richard Roll. An Introduction to Risk and Return from Common Stocks. By Richard A. Brealey. Security Prices in a Competitive Market: More about Risk and Return from Common Stocks. By Richard A. Brealey. Investment and Portfolio Analysis. By Haim Levy and Marshall Sarnat. Investments: Analysis and Management. By Jack Clark Francis. The Stock Markets. Revised edition. By Gilbert W. Cooke. Personal Financial Management. By David A. West and Glenn L. Wood. Personal Investing. By Wilbur W. Widicus, Jr. and Thomas E. Stitzel. Principles of Real Estate Law. By Edna Hebard and Gerald S. Meisel. Principles of Real Estate Management. Tenth Edition. By James C. Downs, Jr. Real Estate-Principles and Practices. Fourth Edition. By Maurice A. Uiiger. Real Estate Securities and Syndication, A Workbook. Edited by Stephen E. Roulac. Case Studies in Property Development. By Stephen E. Roulac. Real Estate Syndication Digest 1972, Principles and Applications. By Stephen E. Roulac. Real Estate Venture Analysis. Proceedings of a session chaired by Stephen E. Roulac. International Economic Integration. Edited by P. Robson. International Managerial Finance. By J. Fred Weston and Bart W. Sorge. Consumer Theory. By H. A. John Green. Fiscal Federalism. By Wallace E. Oates. Game Theory—A Nontechnical Introduction. By Morton D. Davis. Monetary Economics, Readings on Current Issues. By William E. Gibson and George G. Kaufman.     

Book Reviews

Book reviewed in this article: An Introduction to Managerial Finance. By Harold Bierman, Jr. and Jerome E. Hass. Financial Management—Theory and Techniques. By George C. Philippatos. The Cost of Capital to a Public Utility. By Myron J. Gordon. Investment Management. By Harry C. Sauvain. Financial Markets: The Accumulation and Allocation of Wealth. By Roland I. Robinson and Dwayne Wrightson. The Euro-Dollar System, 5th Edition. By Paul Einzig. The Euro-Dollar Market and the International Financial System. By Geoffrey Bell. Private Foreign Investment in Development. By Grant Reuber, with H. Crookell, M. Emerson and C. Gallais-Hamonno. Keynes and the Monetarists. By Sidney Weintraub. Instruments of Monetary Policy in the United States. By Ralph A. Young.     

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: Growth and Stability in a Mature Economy. By John Cornwall . Money in Britain 1959–1969. Edited by David R. Croome and Harry G. Johnson . Macroeconomics—Theory and Policy. By Fred R. Glahe . The Term Structure of Interest Rates: Financial Intermediaries and Debt Management. By Jacob B. Michaelsen . Intermediate Macroeconomics: Output, Inflation, and Growth. By D. C. Rowan and Thomas Mayer . Multinational Business Finance. By David K. Eiteman and Arthur L. Stonehill . International Managerial Finance. By J. Fred Weston and Bart Sorge . Finance. By William H. Jean . Federal Reserve System. By Benjamin Haggott Beckhart . National Housing Models. By R. Bruce Ricks . The Role of Private Placements in Corporate Finance. By Eli Shapiro and Charles R. Wolf . The Growth and Role of UK Financial Institutions 1880–1962. By David K. Sheppard . The Economics of Business Investment Abroad. By H. Peter Gray . The Financial Role of Multi-National Enterprises. By W. A. P. Manser .     

BOOK REVIEWS

Books reviewed in this article: Money, Credit, and Banking. By William E. Dunkman. Managerial Finance. By Salomon J. Flink and Donald Grunewald. Financial Management and Policy. By James C. Van Horne. Readings in Contemporary Financial Management. By Keith B. Johnson and Donald E. Fischer. Managerial Economics: Analysis and Cases. By W. Warren Haynes. Mathematics for Decision Making. By E. Wainwright Martin, Jr. Richard D. Irwin     

Book Reviews

The Theory of Money. By JURG NIEHANS. Estimation Risk and Optimal Portfolio Choice. By VIJAY S. BAWA, STEPHEN J. BROWN, and ROGER W. KLEIN. Amsterdam Basic Financial Management. By JOHN D. MARTIN, J. WILLIAM PETTY, ARTHUR J. KEOWN, and DAVID F. SCOTT, Jr. Finance. By MARVIN RAY and DAVID L. SCOTT. Problems in Public Utility Economics and Regulation. Edited by MICHAEL A. CREW. Public Budgeting in America. By THOMAS D. LYNCH. Money Hard and Soft on the International Currency Markets. By BRENDAN BROWN. Foreword by Robert Z. Aliber.     

BOOK REVIEWS

Books reviewed in this article: Money, Credit, and Banking. By William E. Dunkman. Managerial Finance. By Salomon J. Flink and Donald Grunewald. Financial Management and Policy. By James C. Van Horne. Readings in Contemporary Financial Management. By Keith B. Johnson and Donald E. Fischer. Managerial Economics: Analysis and Cases. By W. Warren Haynes. Mathematics for Decision Making. By E. Wainwright Martin, Jr. Richard D. Irwin     

BOOK REVIEWS

Book reviewed in this article: Financial Statement Analysis. By George Foster An Introduction to Financial Accounting Theory by Scott Henderson and Graham Peirson. A. R. Drebin and H. Bierman, Jr., Managerial Accounting: J. Fred Weston and Eugene F. Brigham, Managerial Finance H. B Mayo, Basic Finance: An Introduction to Money And Financial Management     

Book Reviews

International Corporate Finance. By MARK R. EAKER, FRANK J. FABOZZI, and DWIGHT GRANT. Real Options. By LENOS TRIGEORGIS. Modelling Fixed Income Securities and Interest Rate Options. By ROBERT A. JARROW. European Financial Reporting: A History. By PETER WALTON (editor).     

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: 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: Share Markets and Portfolio Theory: Readings and Australian Evidence. Edited by RAY BALL, PHILIP BROWN, FRANK J. FINN, and R. R. OFFICER. The Economics of Taxation. Edited by HENRY AARON and MICHAEL BOSKIN. Foreign Exchange Management in U.S. Multinationals. By RITA M. RODRIGUEZ. Investment Strategies for Doctors. By DAVID A. UMSTEAD Investment Strategies for Doctors. By DAVID A. UMSTEAD Introduction to Financial Management. By IQBAL MATHUR Principles of Corporate Finance. By RICHARD BREALEY and STEWART MYERS Finance and Accounting for Nonfinancial Managers. By WILLIAM C. DROMS     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy; Monetary Economics—Readings on Current Issues. By William Gibson and George Kaufman . Monetary Theory: Inflation, Interest, and Growth in the World Economy. By Robert A. Mundell . Business Finance and Investments; Utility Regulation During Inflation. Edited by Joseph E. Haring and Joseph F. Humphrey . Financial Management of Foreign Exchange. By Bernard A. Lietaer . The Corporate Economy. Robin Marris and Adrian Wood , Eds. Cash Management and the Demand for Money. By Daniel Orr . Risk, Return, and Equilibrium: A General Single-Period Theory of Asset Selection and Capital-Market Equilibrium. By Bernell K. Stone . Financial Institutions and Markets; Credit Rationing and the Commercial Loan Market. By Dwight M. Jaffee . A History of Financial Intermediaries. By Herman E. Krooss and Martin R. Blyn . International Finance; Canada's Experience with Fixed and Flexible Exchange Rates in a North American Capital Market. By Robert M. Dunn . Jr . Capital Transfers and Economic Policy: Canada, 1951–1962. By Richard E. Caves and Grant L. Reuber with Robert W. Baguley , John M. Curtis , Raymond Lubitz . Public Finance; Indirect Taxation in Developing Countries. By John F. Due . Tax Incentives and Capital Spending. Edited with commentary by Gary Fromm . Modern Public Finance: The Study of Public Sector Economics. Second Edition. By Bernard P. Herber . State and Local Finance. Edited by William E. Mitchell and Ingo Walter .     

BOOK REVIEWS

Book reviewed in this article: Public Investment, The Rate of Return, and Optimal Fiscal Policy. By Kenneth J. Arrow and Mordecai Kurz. Making Monetary and Fiscal Policy. By G. L. Bach. Monetary Theory: Selected Readings. By R. W. Clower. An Essay on The Theory of Economic Prediction. By Lawrence R. Klein. Varieties of Monetary Experience. David Meiselman Inflation: The Problems it Creates and the Policies it Requires. By Arthur M. Okun, Henry H. Fowler, and Milton Gilbert. Growth Theory: An Exposition. By R. M. Solow. Liberalized Depreciation and Cost of Capital. By Eugene F. Brigham and James L. Pappas. Speculation, Hedging and Commodity Price Forecasts. By Walter C. Labys and C.W.J. Granger. Capital Budgeting: A Quantitative Evaluation of Investment Alternatives. By Robert V. Oakford. The Theory of Corporate Finance. By R. C. Stapleton. The Theory of Corporate Finance. By R. C. Stapleton. Investment Analysis ad Portfolio Management: Readings from British Publications. Edited by Basil Taylor. Economics of Financial Institutions and Markets. By Paul F. Smith. The Euro-Dollar Market. By E. Wayne Clendenning. Stand-by Arrangements. By Joseph Gold. The Economics of International Adjustment. Edited by Randall Hinshaw. The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns. By Michael Michaely. Foreign Investment in the Petroleum and Mineral Industries. By Raymond F. Mikesell and others. The Assessment of Land Value. Edited by Daniel M. Holland. The Analysis of Public Output, Julius Margolis Federal Tax Policy, Revised edition. By Joseph A. Pechman.     

Book Reviews

Book reviewed in this article: MONETARY ECONOMICS: Monetary Theory and the Demand for Money. By DOUGLAS FISHER. Micro-Economic Effects of Monetary Policy: The Fall-Out of Severe Monetary Restraint. The Regional Impact of Monetary Policy in the United States. FINANCIAL MARKETS: The Financial System by J. O. Light and William L. White. Money, Financial Flows, and Credit in the Soviet Union. By George Garvy. The Banking and Credit Systems of the USSR. By O. Kuschpeta. The Money Market: Myth, Reality and Practice, by Marcia Stigum. Multinational Business Finance. By David K. Eiteman & Arthur I. Stonehill. Klaus-Walter Reichel, Economic Effects of Exchange-Rate Changes     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Unemployment, Money Wage Rates, and Inflation. By George L. Perry . Monetary and Fiscal Policy. By Harold A. Wolf . Business Finance and Investments: The Corporate Merger. Edited by William W. Alberts and Joel E. Segall . Corporate Financial Reporting in a Competitive Economy. By Herman W. The Elusive Art of Accounting: A Brash Commentary on Financial Statements. By Howard Ross . Capital Budgeting: Current Practices and Their Efficiency. By George A. Christy . Investment Efficiency in a Socialist Economy. By Henryk Fiszel . The Management of Business Finance. By Paul G. Hastings . Financial Analysis of Investment Alternatives. By Raymond R. Mayer . Readings in Finance. Edited by Harold A. Wolf and Lee Richardson . Financial Institutions and Markets: Pension Funds: Measuring Investment Performance. By Peter O. Dietz . International Finance: Exchange-Rate Devaluation in a Semi-Industrialized Country: The Experience of Argentina 1955–1961. By Carlos F. Díaz Alejandro . International Liquidity: A Study in the Economic Functions of Gold. By Ian Shannon . Public Finance: A Capital Budget Statement for the U.S. Government. By Manard S. Comiez . Federal Tax Policy. By Joseph A. Pechman .