BOOK REVIEWS

Book reviewed in this article: Amit-Talai, Vered and Henri Lustiger-Thaler (eds.) 1994: Urban lives: fragmentation and resistance. Morton Suzanne 1995: Ideal surroundings, domestic life in a working-class suburb in the 1920's. Hay den, Dolores 1995: The power of place: urban landscapes as public history. Rémy, Jean (ed.) 1995: Georg Simmel: ville et modernité. Bennani-Chraïbi, Mounia 1994: Soumis et rebelles: les jeunes au Maroc. Stébé, Jean-Marc 1995: La réhabilitation de l'habitat social en France.     

Book Reviews

Book reviewed in this article: Amin, Ash (ed.) 1994: Post-fordism. A reader. Week, Michael 1995: Die Kultur der Kulturverwaltung: eine hermeneutische Analyse von Biographie und Verwaltungshandeln. Forest, Ray and Alan Murie (eds.) 1995: Housing and family wealth: comparative international perspectives. Hasson, S. and D. Ley 1994: Neighbourhood organizations and the welfare state.     

SHORTER REVIEWS

Book reviewed in this article: Anselin, L. and R.J.G.M. Florax (eds.) 1995: New directions in spatial econometrics. Herbert, David T. (ed.) 1995: Heritage, tourism and society. Baldassare, Mark (ed.) 1994: The Los Angeles riots: lessons for the urban future. Wacquant, Loic J.D. (1994) The new urban color line: the state and the fate of the ghetto in postfordist America. In C. Calhoun (ed.), Social theory and the politics of identity Leresche, Jean-Philippe and René Levy (eds.) 1995: La Suisse et la coopération transfrontalière: repli ou redéploiement?     

Shorter Reviews

Book reviewed in this article: Urry, John 1995: Consuming places. Perry, D.C. (ed.) 1995: Building the public city — the politics, governance and finance of public infrastructure. Wells, P. and M. Rawlinson 1994: The new European automobile industry. Kemeny, Jim 1995: From public housing to the social market: rental policy in comparative perspective.     

Book Reviews

Book reviewed in this article: Putnam, Robert D. 1993: Making democracy work. Grant, Jill 1994: The drama of democracy — contention and dispute in community planning. Hanson, Susan and Geraldine Pratt 1995: Gender, work and space. Sharpe, L.J. 1995: The government of world cities: the future of the metro model.     

Book Reviews

Book reviewed in this article: Bagnasco, Armando 1994: Fatti sociali formati nello spazio. Cinque lezioni di sociologies urbana e regionale. Mercedes Gonzalez de la Rocha 1994: The resources of poverty: women and survival in a Mexican city. Scott, A. 1994: Technopolis: high-technology industry and regional development in southern California. Topalov, Christian 1994: La naissance du chômeur, 1880–1910. Albin Michel, collection L'évolution de l'humanité. 160F. Castel, Robert 1995: Les métamorphoses de la question sociale, une chronique du salariat.     

Urban Theory in the Age of Pluralism and Complexities: Modern or Postmodern? Comment on Leontidou

Hardly, Jane and Al Rainnie 1996 Restructuring Krakow. Desperately seeking capitalism Butler, Tim and Michael Rustin 1996 Rising in the East: the regeneration of East London Harvie, Christopher 1994 The rise of regional Europe Jones, Barry and Michael Keating (eds.) 1995 The European Union and the regions Koopmans, Ruud 1995 Democracy from below: new social movements and the political system in West Germany Duyvendak, Jan Willem 1995 The power of politics: new social movements in France     

Book reviews

Blomley, Nicholas, 1994: Law, space and the geographies of power Hillmann, Felicitas 1996: Jenseits der Kontinente. Migrationsstrategien von Frauen nach Europa Eldersveld, Samuel J., Strömberg, Lars and Derksen, Wim 1995: Local elites in western democracies. A comparative analysis of urban political leaders in the U.S., Sweden, and the Netherlands Tavares, Edésio 1995: Law and urban change in Brazil     

Shorter Reviews

Book reviewed in this article: Ambrose, P. 1994: Urban process and power. Krumholz, N. and P. Clavel 1994: Reinventing cities: equity planners tell their stories. Leach, S., J. Stewart and K. Walsh 1994: The changing organisation and management of local government. S. Watson and K. Gibson (eds) 1994: Postmodern cities and spaces.     

Book Reviews

Book reviewed in this article: Caufield, Jon (1994): City form and everyday life: Toronto's gentrification and critical social practice. Jencks, Christopher (1994): The Homeless. Cambridge: Harvard University Press. Wagner, David (1993): Checkerboard Square. Culture and resistance in a homeless community. Mitchell, William C. and Randy T. Simmons 1994: Beyond politics. Markets, welfare and the failure of bureaucracy. Saxenian, A. 1994: Regional advantage: culture and competition in Silicon Valley and Route 127.     

Shorter Reviews

Book reviewed in this article: Curran, J. and R. Blackburn 1994: Small firms and local economic networks: the death of the local economy. Hill, D.M. 1994: Citizens and cities. Urban policy in the 1990s. Lavinas, L., L.M.F. Carleial, and M.R. Nabuco 1994: Integraçã, Regiãoe Regionalismo. Fountas, Steve and Kennelly Brendan 1994: European integration and regional policy. Kronauer, Martin, Berthold Vogel and Frank Gerlach 1993: Im Schatten der Arbeitsgesellschaft. Arbeitslose und die Dynamik sozialer Ausgrenzung.     

Shorter Reviews

Book reviewed in this article: Caulfield, Jon (1994) City form and everyday life: Toronto's gentrification and critical social practice. Curtin, Chris, Hastings Donnan and Thomas M. Wilson (eds) 1993: Irish urban cultures. Garrahan, Philip and Paul Stewart (eds) 1994: Urban change and renewal: the paradox of place. Hasson, Shlomo 1993: Urban social movements in Jerusalem: the protest of the second generation. Margolis, Maxine L. 1994: Little Brazil, an ethnography of Brazilian immigrants in New York City.     

Shorter Reviews

Book reviewed in this article: Horn, David (1994) Social bodies: science, reproduction and Italian modernity. Lazin, Federick A. (19) Politics and Policy Implementation: Project Renewal in Israel. Goetz, E. (1993) Shelter burden. Local politics and progressive housing policy. Schoeman, Chris (1994) District six: the spirit of Kanala, (Cape Town: Human and Rousseau). Savage, M. and A. Miles (1994) The remaking of the British working class 1840–1940.     

Book Reviews

Book reviewed in this article: Morse, R.M. and J.E. Hardoy (eds.) 1992: Rethinking the Latin American city. Dunford, M. and G. Kafkalas (eds.) 1992: Cities and regions in the new Europe: the global-local interplay and spatial development strategies. Lowe, P., T. Marsden and S. Whatmore (eds.) 1994: Regulating agriculture. Whatmore, S., T. Marsden and P. Lowe (eds.) 1994: Gender and rurality. Gregory, D. 1994: Geographical imaginations.     

Arbitrage, equilibrium, and gains from trade: A counterexample

We present a counterexample to a theorem due to Chichilnisky (Bulletin of the American Mathematical Society, 1993, 29, 189–207; American Economic Review, 1994, 84, 427–434). Chichilnisky's theorem states that her condition of limited arbitrage is necessary and sufficient for the existence of an equilibrium in an economy with unbounded short sales. Our counterexample shows that the condition defined by Chichilnisky is not sufficient for existence of equilibrium. We also discuss difficulties in Chichilnisky (Economic Theory, 1995, 5, 79–107).     

Limited arbitrage is necessary and sufficient for the existence of an equilibrium

In Chichilnisky (Working Paper No. 586, 1991), Chichilnisky (Working Paper No. 650, 1992) and Chichilnisky (Economic Theory, 1995, 5, 79–108), I introduced the concept of a global cone and used it to define a condition on endowments and preferences, ‘limited arbitrage’, which I showed to be necessary and sufficient for the existence of a competitive equilibrium. In response to a comment (Monteiro et al., Journal of Mathematical Economics, 1997, 26, 000-000), I show here that the authors misunderstood my results by focussing on brief announcements which cover other areas, social choice (Chichilnisky, American Economic Review, 1994, 427–434 and algebraic topology (Chichilnisky, Bulletin of the American Mathematical Society, 1993, 29, 189–207), rather than on the publication which contains may proofs on equilibrium. The comment's example is irrelevant to my results in Chichilnisky (Economic Theory, 1995, 5, 79–108) because it starts from different conditions. Limited arbitrae is always necessary and sufficient for the existence of a competitive equilibrium, with or without short sales, with the global cones as I defined them, and exactly as proved in Chichilnisky (Economic Theory, 1995, 5, 79–108).     

Social responsibility: U.S. power plants 1985–1998

This study introduces an Environmental Performance Index (EPI) to assess the performance of firms that produce both good and bad outputs. In the one good output one bad output case, the EPI simplifies to the ratio of good–bad output for period t + 1 and period t. After deriving the index, data for U.S. coal-fired power plants from 1985 to 1998 are used to demonstrate insights that the EPI can provide. We find that power plants with units participating in Phase I of the Acid Rain Program experience a dramatic improvement in their EPI during 1994–1995.

Book Reviews

Book reviewed in this article: Esping-Andersen, Gosta (ed.) 1993 Changing classes: stratification and mobility in post-industrial societies. Fainstein, Susan S. 1994: The city builders: property, politics, and planning in London and New York. Heinelt, Hubert and Margit Mayer (eds) 1992: Politik in europäischen Städten: Fallstudien zur Bedeutung lokaler Politik. Mollenkopf, John Hull 1992: The phoenix in the ashes: the rise and fall of the Koch coalition in New York City politics. Fainstein, Susan S. (1994) The city builders: property, politics and planning in London and New York. Power, Anne 1993: Hovels to high rise: state housing in Europe since 1850. Rothblatt, D.N. and A. Sancton (eds) 1993: American-Canadian metropolitan intergovernmental governance perspectives. Squires, Gregory D. (ed.) 1992: From redlining to reinvestment: community responses to urban disinvestment.     

Books Reviews

Williamson, O. E. (Ed.). Organization Theory: From Chester Barnard to the Present and Beyond, Expanded Edition. Oxford: Oxford University Press, 1995. pp. 268, £14.50 pb (Michael Rowlinson). Boisot, Max H. Information Space. A Framework for Learning in Organizations, Institutions and Culture. London and New York: Routledge, 1995. pp. 550, ISBN 0-415-11490-X (Nathalie N. Mitev). Tweedale, Geoffrey. Steel City: Entrepreneurship, Strategy and Technology in Sheffield 1743--1993. Oxford: Clarendon Press, 1995. pp. xiv, 436 (Elisabeth Wilson). Orlikowski, Wanda, J., Walsham, Geoff, Jones, Matthew R. and Degross, Janice, I. (Eds). Information Technology and Changes in Organizational Work. London: Chapman Hall, 1996. pp. 443, ISBN 0-412-64010-4 (Richard Hull). Scrivens, Ellie. Accreditation: Protecting the Professional or the Consumer? Buckingham: Open University Press (Jenny Lodge).     

Shorter Reviews

Book reviewed in this article: Cullingworth, J.B. 1993: The political culture of planning: American land use planning in comparative perspective. Gray, Clive 1994: Government beyond the centre: sub-national politics in Britain. Weisman, Lesley Kanes 1992: Discrimination by design: a feminist critique of the man-made environment.