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 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: 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 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: Capital Budgeting Techniques. By F. M. Wilkes . National Monetary Policies and International Financial Markets. By Richard J. Herring and Richard C. Marston . By Robert Solomon . The International Monetary System, 1945–1976. Foreign Direct Investment, Industrialization, and Social Change. By Stephen Jay Korbrin . Revisited Monetary History Revisited. By P. Temin . Bank Holding Companies and the Public Interest. By Michael A. Jessee and Steven A. Seelig . Evolution, Welfare and Time in Economics: Essays in Honor of Nicholas Georgescu-Roegen. Edited by Anthony M. Tang , Fred M. Westfield, and Ames S. Worley . Lectures on the Theory of Production. By Luigi L. Pasinetti . Toward Full Employment and Price Stability. By Paul Mc Cracken, et al .     

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: 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: Portfolio Aspects of Corporate Capital Budgeting. By E. Eugene Carter. Company Finance and the Capital Market. By E. W. Davis and K. A. Yeomans. Cash Management. By Richard Homonoff and David Wiley Mullins, Jr. Financial Markets and the Economy. By Charles N. Henning, William Pigott and Robert Haney Scott. National Monetary Policies and the International Financial System. Edited by Robert Z. Aliber. Problems of Balance of Payments and Trade. Nasrollah S. Fatemi (editor). International Trade and Development Theory. Ronald E. Findlay. The Economics of Common Currencies. Harry G. Johnson and Alexander K. Swoboda Monetary Aggregate and Monetary Policy. By Richard G. Davis et al. Real Estate Finance by William R. Beaton.     

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: 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: The Banking Crisis of 1933. By Susan Estabrook Kennedy Studies in The Theory of Capital Markets, Edited by Michael C. Jensen Bank-Administered Commingled Pension Funds. By Edward Malca . Introduction to Investments and Finance: Theory and Analysis, by Fred B. Renwick . Conglomerates Unlimited: The Failure of Regulation. By John F. Winslow . European Monetary Unification. By Giovanni Magnifico . International Trade and Investment by Franklin R. Root Managing the Dollar. By Sherman J. Maisel . Theory of Demand: Real and Monetary. By M. Morishima and others. Public Finance. By Bruce R. Davie and Bruce F. Duncombe .     

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: 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: The International Money Market: An Assessment of Forecasting Techniques and Market Efficiency. By RICHARD M. LEVICH. Implications of Regulation on Bank Expansion: A Simulation Analysis. By GEORGE S. OLDFIELD, Jr. Greenwich The Failure of Franklin National Bank. By JOAN EDELMAN SPERO. Public Utility Economics. By MICHAEL A. CREW and PAUL R. KLEINDORFER. Basic Real Estate Finance and Investments. By DONALD R. EPLEY and JAMES A. MILLAR. Modern Managerial Finance. By J. R. FRANKS and J. E. BOYLES. Managing Personal Finance. By HOLLEY H. ULBRICH and T. BRUCE YANDLE, Jr.     

BOOK REVIEWS

Book reviewed in this article: The Channels of Monetary Effects on Interest Rates. By Phillip Cagan . An Introduction to Money and Banking. By Colin D. and Rosemary G. Campbell . Essays in Macrodynamic Economics. By Kenneth K. Kurihara . Inflation Policy and Unemployment Theory. By Edmund Phelps . Monetary Theory. By Stephen W. Rousseas . The Economics of the Canadian Financial System: Theory, Policy and Institutions. By David E. Bond and Ronald A. Shearer . The Financial Institutions of Southeast Asia: A Country-by-Country Study. By Robert F. Emery . External Public Borrowing: Its Role in Economic Development. By Kaj Areskoug . Foreign Capital for Economic Development: A Korean Case Study. By Seung Hee Kim . Value Added Tax. By Alan A. Tait . The Michigan Business Activities Tax. By Robert D. Ebel . Value Added Tax: Two Views. By Charles E. Mc Lure , Jr . and Norman B. Ture .     

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: 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: 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.