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: 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: 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: 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: 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: Critical Essays in Monetary Theory. By Sir John Hicks . Essays in Monetary Economics. By Harry G. Johnson . The Theory of Interest. By Friedrich A. Lutz (translated from the second German edition by C. Wittich ). Investment Profit Correlation: A Regression Model of Profits from Common Stock Investments. By W. Scott Bauman and Thomas A. Klein . Yields on Corporate Debt Directly Placed. By Avery B. Cohan . Operations Research Techniques for Capital Investment. By F. Hanssmann . Financial Decision-Making. Edited by Edward J. Mock . Financial Management: Cases and Readings. Edited by Pearson Hunt and Victor L. Andrews . Commercial Financing. Edited by Monroe R. Lazere . Public Reporting by Conglomerates: The Issues, the Problems, and Some Possible Solutions. Edited by Alfred Rappaport , Peter A. Firmin , and Stephen A. Zeff . Growth, Profitability and Valuation: A Study of United Kingdom Quoted Companies. By A. Singh and G. Whittington in collaboration with H. T. Burley . American Banking Structure. By Gerald C. Fischer . The Machinery of Finance and the Management of Sterling. By A. T. K. Grant . The Merchant Banking Arena. By Richard Kellett . An Introduction to the Theory of Finance. By Basil J. Moore . The Foundations of Money and Banking. By Boris P. Pesek and Thomas R. Saving . Capital Movement and Economic Development: Proceedings of a Conference Held by the International Economic Association. Edited by John H. Adler . Trade and Trade Policy for Development. By Staffan Burenstam Linder . Export Instability and Economic Development. By Alasdair I. Macbean . Balance-of-Payments Adjustment Policies: Japan, Germany, and the Netherlands. By Michael Michaely . Government Finance: Economics of the Public Sector. By John F. Due .     

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: 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: 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: 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 reviewed in this article: Inflation, Trade and Taxes, Essays in Honor of Alice Bourneuf. Edited by D. A. Belsley , E. J. Kane , P. A. Samuelson and R. M. Solow Towards a Reconstruction of Macroeconomics. By William Fellner Money, The Price Level, and Interest Rates: An Introduction to Monetary Theory. By Gail E. Makinen Elements of Financial Analysis. By Sylvan D. Schwartzman and Richard E. Ball Financial Crises: Institutions and Markets In a Fragile Environment. Edited by Edward I. Altman and Arnold W. Sametz Principles of Modern Investments. By Charles A. D'Ambrosio A Modest Proposal for a Natural Securities Market System and its Governance. By Ernest Bloch and Arnold W. Sametz . The Bulletin, Graduate School of Business Administration International Monetary Reform and the Developing Countries. By William R. Cline Inflation Accounting, A Guide for the Accountant and Financial Analyst. By Sidney Davidson , Clyde P. Stickney , and Roman L. Weil Financial Disclosure in the U.K. and the U.S.A. By George A. Benston     

Book Reviews

Book reviewed in this article: Working Capital Management. By V. E. Ramamoorthy Fundamentals of Investments. By Richard A. Stevenson and Edward H. Jennings The Economic Efficiency of Financial Markets. By Jan Mossin How Corporate and Municipal Debt is Rated: an Inside at Standard and Poor's Rating System. By Hugh C. Sherwood Money, Credit and Expenditure: A Sources and Uses of Funds Approach. By James S. Earley , Robert J. Parson, and Fred A. Thompson Discretionary Control of Aggregate Economic Activity. By Kenneth D. Garbade Monetary Interdependence and International Monetary Reform. By Paul De Grauwe . Westmead John Maynard Keynes. By Hyman P. Minsky Selected Economic Writings of William J. Baumol. Edited by: Elizabeth E. Bailey The Evolution of Giant Firms in Britain. By S. J. Prais     

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: 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 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: Industry Production Behavior: The Order-Stock Distinction. By David A. Belsley . Mathematical Theories of Economic Growth. By Edwin Burmeister and A. Rodney Dobell . America's Greatest Depression, 1929–1941. By Lester V. Chandler . Modern Political Arithmetic. By Bruce F. Davie and Bruce F. Duncombe . The Seasonal Variation of Interest Rates. By Stanley Diller . Monetary Statistics of the United States: Estimates, Sources, Methods. By Milton Friedman and Anna jacobson Schwartz . International Comparisons of Money Velocity and Wage Mark-ups. By John H. Hotson . Economics: Mainstream Readings and Radical Critiques. Edited with Introductions by David Mermelstein . Managing the Resource Allocation Process: A Study of Corporate Planning and Investment. By Joseph L. Bower . Principles of Financial Management. By Ward S. Curran . Basic Managerial Finance. By Adolph E. Grunewald and Erwin Esser Nemmers . The Investment Process. Edited by John M. Lishan and David T. Crary . L'Ordinateur Speculateur. By Jean Semah , Christian Serres and Bernard Tessier . The Formulation of Expected Interest Rates: An Examination of Alternative Hypotheses. By Frank J. Bonello . Economic Policy and the Regulation of Corporate Securities. Edited by Henry G. Manne . Money and Banking: Theory, Analysis, and Policy. Edited by S. Mittra . A Financial History of the United States. By Margaret G. Myers . Money in an African Context By W. T. Newlyn . Financial Institutions and Markets By Murray E. Polakoff and others. Finance and Development in Thailand. By Alek A. Rozental . Bank Costs for Decision Making: Costing Procedures for Pricing Bank Services. By John R. Walker . Approaches to Greater Flexibility of Exchange Rates: The Bürgenstock Papers. Arranged by C. Fred Bergston , George N. Halm , Fritz Machlup , and Robert V. Roosa . The International, Adjustment Mechanism. Caves , et al. Balance-of-Payments Policy. By B. J. Cohen . The International Monetary System. By Herbert G. Grubel . Baltimore: Penguin Books Inc., 1970. Pp. 208. $1.65 (paper). International Economics. By Robert A. Mundell . Federal Revenue Sharing With the States. By Michael E. Levy and Juan de Torres . The Politics and Economics of State-Local Finance. By L. L. Ecker -Racz .     

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 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: 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 .