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: 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; 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: 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: 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 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: Aggregate Theory and Policy; The New Inflation: Causes, Effects, Cures. By G. L. Bach . Aggregate Theory and Policy; The Theory of Macroeconomic Policy. By Nancy S. Barrett . Aggregate Theory and Policy; Some Cambridge Controversies in The Theory of Capital. By G. C. Harcourt . Aggregate Theory and Policy; Business Finance and Investments; Methodology in Finance—Investments. Edited by James L. Bicksler Aggregate Theory and Policy; The Measurement of Portfolio Risk Exposure. By Frank B. Campanella . Aggregate Theory and Policy; Modern Developments in Investment Management: A Book of Readings. Edited by James Lorie and Richard Brealey Aggregate Theory and Policy; Theory of Financial Markets. By Jan Mossin . Financial Institutions and Markets; Economics and Insurance: An Introduction to the Economic Aspects of Insurance By R. L. Carter . Financial Institutions and Markets; Inflation and Economic Development in Brazil 1946–1963. By Raouf Kahil . Financial Institutions and Markets; Socialist Banking and Monetary Control: The Experience of Poland. By T. M. Podolski . International Finance; Super Imperialism: The Economic Strategy of American Empire. By Michael Hudson . Public Finance; The Payroll Tax for Social Security. By John A. Brittain . Public Finance; Public Expenditure Analysis: Selected Readings. Edited by Balbir S. Sahni .     

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: 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 .     

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: “Budgeting for Profit.” Edited By Gyan Chandra and Surendra Singhvi . Corporate Financial Decisions. By James C. T. Mao . Managerial Finance: Essentials. By Charles O. Kroncke, Erwin Esser Nemmers and Alan E. Grunwald. Financial Management: A Capital Market Approach. By John J. Clark , Margaret T. Clark, and Pieter T. Elgers . Competing for Capital—A Financial Relations Approach. By Bruce W. Marcus . International Capital Markets. Edited by Edwin J. Elton and Martin J. Gruber . International Financial Management. By Rita M. Rodriguez and E. Eugene Carter . Nine Investments Abroad and Their Impact at Home. By Robert B. Stobaugh (et. al.). The Dilemas of the Dollar. By C. Fred Bergsten .     

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: 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 .     

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: Investment Strategy. By C. Robert Coates . Essentials of Investments. By C. Ronald Sprecher . An Introduction To Financial Management. By Ezra Solomon & John J. Pringle . Modern Developments in Financial Management. Edited by Stewart C. S. Myers . Money and Financial Intermediation: The Theory and Structure of Financial Systems. By Paul F. Smith . The Euro-dollar System: Practice and Theory of International Interest Rates, Sixth Edition. By Paul Einzig and Brian Quinn Central Bank versus Treasury: An International Study. By. Sid Mittra . The Theory and Practice of Bond Portfolio Management. Edited by Peter L. Bernstein . The Future of AT&T. By Victor Schnee & Walter J. Gorkiewicz .     

BOOK REVIEWS

Book reviewed in this article: Issues in Monetary Economics, (Proceedings of the 1972 Money Study Group Conference). H. G. Johnson and A. R. Nobay Monetary Economics. By D. G. Pierce and D. M. Shaw The Bankers. By Martin Mayer Security Analysis and Portfolio Management. By Donald E. Fischer and Ronald J. Jordon Financial Ratios and Investment Results By Donald M. Peterson The Strategy of Cash. By S. D. Slater Finance as a Dynamic Process. By Edwin J. Elton and Martin J. Gruber Property Taxation and the Finance of Education. Edited by Richard W. Lindholm Real Estate and Urban Land Analysis. Edited by James R. Cooper and Karl L. Gundermann Methods and Techniques of Business Forecasting. Edited by William F. Butler , Robert A. Kavesh , and Robert B. Platt The Effect of Social Security on Personal Saving. By Alicia Haydock Munnell     

Book Reviews

Book reviewed in this article: Public Policy and Capital Formation. Savings and Loan Asset Management Under Deregulation: Proceedings. The Plight of the Thrift Institutions. By ANDREW S. CARRON Modern Portfolio Theory and Investment Analysis. By E. J. ELTON and M. J. GRUBER Investment Analysis and Management. By STANLEY HUANG Contemporary Financial Management. By R. CHARLES MOYER, JAMES R. McGUIGAN, and WILLIAM J. KRETLOW. St. Paul Planning Models for Colleges and Universities. By DAVID S. P. HOPKINS AND WILLIAM F. MASSY     

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.