Amazon.com

Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don't need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald's, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don't really matter much and that a backyard swimming pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner's 2003 profile of Levitt in The New York Times Magazine, which led to the book being written. In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe there's a good economic reason for that too, and we're just not getting it yet. --John Moe

Steven Levitt and Stephen Dubner Answer The Amazon.com Significant Seven

Steven Levitt and Stephen Dubner, author and co-author of this season's bestselling quirky hit, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, graciously answered the Amazon.com Significant Seven questions that we like to run by every author.

Levitt and Dubner answer the Amazon.com Significant Seven questions

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Reviews (118)

interesting, but not rocket science
Unlike a lot of economics books this book is pretty fair and unbiased. I don't think it is as funny as some readers thought, but the subjects are interesting. Most of it is common sense. Like that teachers cheat to make their students look smarter on standardized tests and real estate agents won't necessarily being doing everything they can to help you. As a graduate student in economics, I find is reasoning for the decline in crime being attributed to abortion highly speculative. Common sense would tell you that "aborting" fetuses that are likely to become criminals will reduce crime, only if that mother doesn't have as many children as she would if abortion were illegal. The author does a good job of staying away from the politics of abortion.

This book is good for the layman but is nothing new to the average economists. I personally think that it has been given too much praise and attention.

Thought provoking but falls a bit short
While Levitt has the propensity to ask many interesting and thought-provoking questions, his data analysis is often suspect to the same tunnel vision which he attributes to many academic studies. Levitt seems so intent on proving the "conventional wisdom" wrong that he immediately accepts data from a single source as long as it provides a sensational conclusion. For instance, just about all of Levitt's conclusions on education and parenting come from a single ECLS study conducted 15 years ago. The early chapters on information and cheating are quite solid and alone may be worth the price of the book. However once Levitt tackles education, crime, and parenting his down-to-earth anecdotal approach becomes insufficient to explain these complex issues. Freakonomics is similar to many other pop-science bestsellers in that it makes its subject more approachable through oversimplified explanations and conclusions.

A Great, Quick Read, Perfect for Summer
I very much have enjoyed reading this book.As a grade school teacher, it doesn't surprise me that teachers cheat on their students' end-of-the-year assessments; what is surprising is that this is rarely talked about and people seem to be shocked and surprised when, on the rare occasion, someone gets caught.With the pressure to have one's students earn high scores coming from both parents and administrators, how could it not happen?Much more is expected of teachers today, and not all are up to the hard work, time and energy.But this book isn't only about teachers--you'll learn about drug dealers and how they organize their gangs quite similar to corporations; you'll be surprised that sumo wrestlers cheat (I actually hadn't thought about them or the game, but there is a way they can cheat), among other topics. Perhaps the most controversial notion is about what brought down crime levels in the 1980s, a time when everyone predicted crime would rise.It's an interesting idea, but Levitt doesn't provide much support, which was disappointing.

Layman's LanguageAnalyses of Various Social Canards
Too often articles or books written by economists are couched in arcane verbiage and statistics.Levitt avoids this, and the result is a very interesting, though-provoking review of several social myths.

He begins by summarizing the status of crime in the mid-1990's - high, and projected to go much higher with the coming "teenager boom."Instead, it began a long, steep decline.The most common "explanations" were "roaring economy," "gun control," and "innovative policing." Levitt then goes on to summarize data that convincingly reture them all.For example, a good economy might decrease economic crimes, but why did violent crimes drop even more?Further, why didn't crime also fall during the booming '60s?As for innovative policing, Levitt reports that the declines began prior to this initiative, and that its prime contribution was through adding policeman (accounting for about 10% of the drop).Similarly he refutes the logic for crediting increased rights of citizens to carry guns, and gun buy-backs, while the drop in crack prices is credited with 15% of the drop.

Levitt then reports the results of Romania's strong anti-abortion posture in the 60s - a large contingent of resented children, many of whom became serious problems when they grew up.Finally, the "shocker" - Levitt presents various data that provide a solid case for concluding that the drop in crime was primarily due to Roe v. Wade making abortions available to lower-income women - many of whom would have had problems raising the unwanted children.

Other topics addressed by Levitt include documenting cheating associated with "high-stakes" (eg. potential job loss, raises, school closure) pupil testing (estimated at about 5% in Chicago Public Schools), documenting and explaining the lack of drug traffic profits for most of those involved (rakeoffs by those at higher levels).Another interesting and useful topic covered is how society often misplaces efforts into low-payoff efforts to protect children (eg. child-resistant packaging, flame-retardant pajamas, avoiding being seated near front-seat airbags, and keeping their children out of homes with guns), instead of the much higher-payoff of keeping children away from homes with swimming pools.

Throughout the book, Levitt carefully summarizes supporting data, while also informing readers of how similar data are often misused.His "bottom-line," so to speak, is for the reader to become more aware of the effect of incentives, and the frequent lack of factual bases for conventional thinking.

An interesting, useful two-hour read.

Revelations?!only if you're the type to wear shades at night
while interesting, the subject matter of this book is not sublime, the questions are not revolutionary and the 'answers' are soooo not comprehensive. though a contribution is likely, to claim that crime went down simply because of abortion is silly. and duh swimming pools are 'more dangerous' if you look at data collected from past incidences. but you cannot claim this to be true of the inherent/accidental potential for danger of a swimming pool compared to a gun. this book seems to ignore that probability is only predictive if circumstances are equal. and that sometimes a name might carry significance beyond where it can get you in life. but perhaps that one is more than what can expected of educated white men. Still... fun reading, great cover. And I'm sure levitt's classes are more intellectually engaging than this book. ah! one more thing: drug dealers live at home because 'Gator boots, with the pimped out gucci suit/ Ain't got no job, but I stay sharp/ Can't pay my rent, cause all my money's spent/ But thats ok, cause I'm still fly/ Got a quarter tank gas in my new e-class/ But that's alright cause I'm gon' ride/ Got everything in my moma's name/ But I'm hood rich da dada dada da' - Still Fly by Big Tymers ... Read more

Book Description

This text remains the only text in the market that presents a balance of financial theory and applications.The authors maintain the same four goals as with the first edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly. ... Read more

Book Description

McConnell-Brue's Economics 15e is the best-selling textbook and has been teaching students in a clear, unbiased way for 40 years. The 14th edition grew market share because of its clear and careful treatment of principles of economics concepts, its balanced coverage, and its patient explanations.More students have learned their principles of Economics from McConnell-Brue than any other text--12 million of them.The 15th edition is a substantial revision that delivers a tighter, modern, Internet-savvy book. ... Read more

Reviews (8)

Excellent Book!
I am pursuing an MBA. I had no economics background, however I found this book to be easy to read, very well structured and most of all, you can find the actual applications of Economics. I highly recommend this book over Economics from Samuelson, he's a brilliant economist but he clearly doesn't explain as good. If you are going to buy only one book of economics, I recommend this one.

Great Book!
I used this textbook in an advanced placement Macroeconomics course. Believe me the textbook itself is more interesting than the class. The text provides well detailed explainations of concepts and even provides a comprehensive glossary for those who might find the language alittle to difficult to understand. An overall great book, I've read other economics texts and this one is absolutely stellar in comparison.

Very good tool !!!
I don't study Economy, but I found that this book is easily understandable for those that have at least some notions on the subject. I liked it, because it includes the main themes on which everybody should know at least something, and it is quite entertaining (for a book on this subject).

Also, at the end of each chapter the authors include some questions that help you to understand it better. There is also a web link that provides you with the answers to those questions (so, if you are like me, and want to be sure you answered correctly, you have the opportunity to find out).

Anyway, I highly recommend this book: it is a thoroughly good introduction to economy!!!!. And last, but not least, it is also of good help in exams, because some basic questions have a tendency to be repeated, and with this book: you have the answers!!!).

Not bad.
This definately wasn't written for the layperson, but for the college level reader/student.

Overall, the book wasn't that bad. However, there were some instances where it just seem to drag on and on, which was a tad annoying. I think the authors could've written some things in a better way to make it more understandable.

Although Economics isn't necessarily an easy subject, this book is considered authoritative in the feild of macro/microeconomics. The authors should've definately made it a little more easier to understand.

Thank you.

Good, in fact very good
As an MBA (with a fair subject background)interested in applied economics I found this to be an impressive piece of writing. The real world examples and colloquial expression can only comfort a reader intimidated by this very complex and volumnous discipline. I was rather srprised to see some of the reviews calling this a very difficult-to-comprehend text. In my opinion even someone relatively new to economics will find his knowledge stacking up as he progresses through the text. Given that the sequencing is not classic with micro followed by macro, I feal the authors have done a good job of going against the conventional and merging the potent interrelationships of these two basic areas-after all one evolves into the other. Also the web-based material was also more than helpful. Finally a book in its fifteenth edition, read over 40 odd years better be good. ... Read more

Book Description

These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified, logical organization to make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets. Currency data has been updated through the second quarter of 2003, with coverage of deflation, the effects of the war with Iraq and the war on terrorism, and the wars' impact on the national deficit. A comprehensive overview introducing economics begins the book; subsequent topics include: foundations of microeconomics: consumers and firms; market imperfection and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; and the world economy. An excellent desk reference for economists; this book will serve any business owner, as an understanding of basic economics will prove helpful in all ventures.

Reviews (1)

Excellent book for economic students in their first year
This book presents and explains both Micro and Macro Theory in a very friendly way.It explains step by step the functions of the micro and macro theory and describes the fuctions of the instituions andorganizations involve in the economy as a whole.It gives historicalbackground, which many students look for in order to understand how? why?who? the study of economics. Besides it explains really well the economicterminology introduce as you read the book.Finally the book presentscurrent event cases through the chapters which are related it to theideaspresented in the reading. ... Read more

Book Description

This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples. The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis. Economists and strategists looking to stay current with economic information.

Reviews (17)

Unneccessarily Long
This textbook takes microeconomics which can be explained in a technical, exact manner and makes it abstract and foreign.

This textbook's sentences run-on and lose their direction, confusing the reader...If a reader had a firm understanding of economics prior to this textbook, after reading it, it is certain that they will no longer have the understanding of economics, that they did previously.

It is a travestly when a textbook designed to teach the reader about a certain subject, actually makes them less knowledgeable of the subject.

I must also ask why it is being used to teach university students in different years and programs, when it should not be, for example in my university it is being taught in the following programs

IBBA - Year 1
BBA - Year 2
BAS - Year 3
MBA - Year 1

A good book for intermediate level students
Organization of the books is good. Topics are discussed with enough clarity and graphs and illustrations are describing enough. The level of algebra and math is at an intermediate undergraduate level (economics major). I think it is a complete book for anybody who wants to have an understanding of microeconomics. I am a Ph.D. student of economics now and if I am going to teach an undergrad micro course, I will certainly choose this textbook.

Its clearly written, however laughable as an inter. Text
The book is clearly written, however, I found that it is to simple and somewhat weak as a intermediate level text. I agree with most of the other comments that it would be more suitable as an entry level Economics text. This book would probably be better suited for students who are buisness or non-economics majors taking the intermediate course.

translated from klingon?
Perhaps one of the worst written textbooks of all time.The convoluted sentences contain multiple sub clauses and prepositional phrases.The graphs are inadequately labeled and do more to confuse than clarify.Couldn't the publisher at least have hired a Wall Street Journal editor to give it a rewrite?They might as well have printed this in ancient Sumerian.The accompanying study guide reiterates the key topics in plain English, but contains typos.Politically speaking, the book displays a strong libertarian, anti-regulation, anti-worker bias.

Book Review
I found this book to have clarity in the major topics of microeconomics which could help you to understand the basics. However this should only be used as basis reading and other books should be used to cover the various topics in more depth, such as Koutsoyanis and others which give more insight on specific topics. All in all it is a good solid core text book which can give you the basic knowledge needed in microeconomics. ... Read more

Book Description

The market leader, Brigham/Houston, continues to grow in reputation as the most effective approach for learning the basic finance principles, tools, and applications. The Concise version of the extremely successful Fundamentals of Financial Management text offers an briefer alternative containing the same level of rigor concerning the topics covered.It is also updated to reflect the latest in theory, research, real-world examples, and use of technology. The seamless, integrated ancillary package - done by the authors - is a hallmark of this package that makes the subject more accessible for learners. ... Read more

Reviews (1)

The Long Way Book
I was very disappointed in this book because I looked forward to my finance class in college. But this book was poorly put together - one short paragraph would talk about carry forward and back but nothing was elaborated on the subject - it would just go right into the equation. I heavily depended on the professor's lecture and not once referred to the book when studying for the exam. However, I did use the book to make sure I was using the correct terminology for the exam. ... Read more

Book Description

From the most trusted voice on transition, a revised edition of the classic practical guide to dealing with the human side of organizational change.

The business world is a place of constant change, with stories of corporate mergers, layoffs, bankruptcy, and restructuring hitting the news every day. Yet as veteran consultant William Bridges maintains, the situational changes are not as difficult for companies to make as the psychological transitions. In the best-selling Managing Transitions, Bridges provides a clear understanding of what change does to employees and what employees in transition can do to an organization.

Directed at managers and employees in today's corporations, Bridges shows how to minimize the distress and disruptions caused by change. Managing Transitions addresses the fact that it is people who have to carry out the change. When the book was originally published a decade ago, Bridges was the first to provide any real sense of the emotional impact of change and what can be done to keep it from disrupting the entire organization. With new information and commentary on layoffs, corporate suspicion, and the increasing tumult in the business world, Managing Transitions remains the definitive guide to dealing with change. ... Read more

Reviews (18)

Managing Transitions: Making the Most of Change
Leading a full-time staff of 20 people and over a 1000 volunteers, and having read a number of books on change, I have found William Bridges book extremely helpful. Many talk about change without thinking about the people that change can effect. William helps us understand that change is situational, while transition is emotional. He puts flesh and bones on change.

This book is well organized, breaking down transition into three phases. Phase I: "The Letting Go Stage", Phase II: "The Neutral Zone" and Phase III: "The New Beginning" In each phase William helps us understand what to anticipate and gives us extremely practical advice and checklists.

I also enjoy the awesome quotes throughout the book. Here are some great qoutes from Phase II:

"It's not so much that we're afraid of change or so in love with the old ways, but it's the place inbetween that we fear... It's like being between trapezes." Marilyn Ferguson

"It takes nine months to have a baby, no matter how many people you can put on the job." American saying

"An adventure is only an inconvience rightly understood. An inconvience is only an adventure wrongly understood." C.K. Chesterton

Get the book. It is well worth your investment. It will help you with your greatest asset: PEOPLE.

Answers the question: Why most organizational change fails?
William Bridges is one of the world's leading experts in the area of managing the human side of change. Bridges originally introduced the notion of "transition" in his first book, Transitions: Making Sense of Life's Changes (1980), which was a primer on coping with the tumultuous life changes we all face on a personal level. In Managing Transitions, Bridges applies the concept of transition within the context of organizational change.

Bridges asserts that transition is not synonymous with "change." A change occurs when something in the external environment is altered. In an organizational setting this would include changes in management, organizational structure, job design, systems, processes, etc. These changes trigger an internal psychological reorientation process in those who are expected to carry out or respond to the change. Transition is this internal process that people must go through in order to come to terms with a new situation. Unless transition occurs, change will not work.

Bridges believes that the failure to identify and prepare for the inevitable human psychological adjustments that change produces is the largest single problem that organizations encounter when they implement major change initiatives.

Unfortunately, many managers, when confronted with predictable change-induced resistance by those charged with implementing a change, respond in punitive and inappropriate ways that only serve to undermine the change effort. Due to their lack of understanding of transition, they do not possess the skills to facilitate it effectively.

Leaders and managers often assume that when necessary changes are decided upon and well planned, they will just happen. Unless the transition process is handled successfully by management, all that careful decision making and detailed planning will matter little.

We must face the fact that for a change to occur, people must own it. Unless people go through the inner process of transition, they will not develop the new behavior and attitudes the change requires. Change efforts that disregard the process of transition are doomed.

Bridges presents the reader with a simple three-phase transition model that eliminates much of the mystery surrounding the human side of change. He then provides would-be change agents with a series of checklists that serve as a road map for managing transitions in the real world.

Both research and experience remind us that although a change can be implemented quickly, the psychological process of transition takes time. Transitions can take a very long time if they are not well managed. Few organizations can afford to wait that long for the results.

The good news is that leaders can learn basic transition management strategies. Armed with these skills, they can lead employees through complex and difficult changes with renewed energy and purpose, and can actually accelerate the process of transition.

With as many as half of all major organizational change efforts failing, leaders must learn new strategies and skills that will increase the odds of success. Bridges has provided us with a toolkit for managing the human side of change that is well worth considering.

A Must Read!
This is one of the most succinct and clearly written business books you will ever read. Author William Bridges uses language with care and precision, delivering the goods without any superfluous jargon. He cites many welcome quotations on change and innovation from a wide range of writers and thinkers whose work is not usually found in business books. He places these quotations in context with aptly chosen examples of recent business transitions, bringing intelligence and sensibility to a subject too often addressed only with clichés and cant. Only those who have read many business books can fully appreciate the value of such an approach. Others will merely find that they are able to read this book from cover to cover without at any point having to wonder what the author really means to say. Managing transitions is really about helping people deal with fear and uncertainty - the key is to build trust and confidence. Everything Bridges says flows from that common sense insight, and seems obvious and necessary once he says it, though it may not seem as evident to you until you read his book. We highly recommends that you do so.

crap
if you think this book is good, then you are bad.

MANAGING change and more!
This book shows you how to MANAGE transitions and why transitions fail. It is an excellent read. If you want to know how to make the MOST of change, you have to be an Optimal Thinker. So read Optimal Thinking: How To Be Your Best Self too. ... Read more

Book Description

Leadership and Self-Deception is the first book to identify a single, underlying cause of every form of leadership failure. Through the story of Tom—a “shluck” in his manager’s words—readers discover that identifying and treating individual leadership problems as if they were separate and distinct is not enough to transform people into successful leaders. The authors suggest that the key to leadership lies not in what we do, but in how we "are." They explore this compelling secret: Self-deception is the central player and trap underlying all leadership failures, relationship issues, and performance problems in organizations. Leaders who live in the box of self-deception are trapped: they cannot lead, no matter how hard they try and no matter how many skills and techniques they employ. With convincing examples, the authors show clearly how self-deception operates and how to overcome it. While other books cover people skills, this one goes deeper, fully illuminating the secret to leadership success. ... Read more

Reviews (76)

In the box
I think the "Light on content" reviewer is in the box! The concepts in this book COULD perhaps be contained in a small pamphlet, but Terry Warner's book guides the reader through useful and practical applications. Most people, including me, cannot simply read a pamphlet and expect the concepts contained therein to immediately change us. This book takes the time to help the reader internalize potentially life-changing ideas.

Good Stuff--Not For the Timid
Don't read this book if you're not willing to confront yourself about how you see, feel about and treat others in your life--spouse, boss, children, co-workers, subordinates, the janitor. It's a short and simple book with a surprisingly simple message. You'll find yourself constantly stopping throughout the book to reflect upon some situation you could have, and should have, handled differently by thinking about those involved in a different manner. This is a truly fresh and human approach to leadership and performance. Read it!

Remarkable
So much of this kind of writing is common sense once you're done the book... but this kind of common sense needs to be reinforced over and over again.

Written in an easy to follow narrative you find yourself relating to the main character, coming up with the same questions he has, and feeling the same feelings as he finds the truth about what he is living, feeling & learning.

A quick read and a remarkable look into how you can live & work everday.

I suppose it could be useful ...
... but like most "leadership" books, it presents material that is more common sense than anything. However it may be the most obvious things that people overlook.

Nonetheless, the book can inadvertently create even more of "a box" between those who believe in the book's mantra and those who don't. The former will accuse the latter of "being in the box" while the latter may argue how the content oversimplifies things. In reality, like most philosophies, the answer is probably in the middle somewhere. The book recommends that we should evaluate our relationships as those between people, rather than objects, and that any problems we see may really be problems with ourselves. This ignores the fact that there are in reality (albeit hopefully uncommon) low performers, disrespectful, and dishonest people, and sometimes the problem really is with them.

Get Out of The BOX
This book is outstanding in helping with judgements and self-deception. The principles are taught and reflected in a business relationship enviorment. The new guy ends up learning how to deal more effectively with people at work and at home.

This book is not just for business people. Leadership of Self-Deception is about every relationship. The story and concepts in the book help to open the veil that covers our minds and hearts which cause difficulties with people.

The ideas within this book take you to the deepest levels of judging and dealing with people. You learn how to change your viewpoint to have healthy vibrant relationships with coworkers, family, friends, and anyone you meet. This book took me to a deeper level then Who Moved My Cheese and The One Minute Manger.

There are twelve inches which seperates are head and heart. This book helps to bridge the gap and open us to better relationships. ... Read more

Book Description

Deal Terms is the first ever in-depth look at valuations, preferred stock, stock options and other variables that affect deal structure, written by Alex Wilmerding (a venture capitalist at Boston Capital Ventures and best selling author of Term Sheets & Valuations). Written from a venture capital perspective, however applicable for all types of financings, Deal Terms includes actual term sheets, valuation methodology and analysis, assessment of stock option programs and their impact on valuations and capital structures and other real world documents used by leading venture capitalists and lawyers analyzed from multiple perspectives. A must have book for any executive, entrepreneur, or financial professional, this timeless classic is an unprecedented resource that will help you avoid costly mistakes, understand various structures and terms, and understand wording and language from other deal sheets to help you get deals done.

According to Graham Anderson, General Partner at Euclid SR Partners, "Deal Terms provides critical, in-depth, first-hand perspective on the crucial terms and factors which influence financing decisions."Clifford Schorer, Entrepreneur in Residence, Columbia Business School remarks, "Deal Terms is an indispensable reference for entrepreneurs and finance professionals." And Andrew McKee, General Partner at Webster Capital notes, "Deal Terms is a really important resource." ... Read more

Reviews (6)

Helpful, practical, and brilliant!
I recently finished your book "Deal Terms" and found it extremely
helpful as we are looking into our first round of financing.

This book showed me numerous issues that I would have definitely overlooked or simply not thought of.
 
Thanks for writing Deal Terms. Definitely an invaluable
reference for anyone in business!

Direct to the Deal Terms
This book has a few sample drafts of term sheets and other legal documents. That is not the primary focus of this book. You can hire that kind of talent (legal drafting) on a per hour basis. This book helps the owners make the BUSINESS decisions necessary to avoid hamstring their new venture during this difficult passage. Included is information about what to pay your independent directors, advisory board members and senior management. Also included is what percentage of the company the founders should expect to keep, how to avoid excessive dilution during an unfortunate down round and how to present your opportunity to potential investors. All of these BUSINESS decisions are beyond the discretion of attorneys in this area, they typically instruct the entrepreneur to reflect upon the topic and then the attorney will draft it to suit.

Wilmerding interviews individuals that are representative of players an entrepreneur will encounter in getting his business funded. These real world examples of how business (strategy) items are handled or viewed by third parties are the best part of his book.

Very Useful Reference Guide
As a corporate attorney specializing in the area of venture capital and private equity I just completed reading "Deal Terms." I found the book to be insightful and a good resource, particularly in areas that are outside of my traditional bailiwick as a lawyer. A recommend this book for those new to the venture capital area as well as experienced investors, entrepreneurs and professionals.

Very Insightful...Read Before Your Next Deal
Mr. Wilmerding's book is a great reference for every venture capitalist, entrepreneur, and investment banker. I was very impressed with the analysis of actual deal sheets, and the recommendations on specific points within a deal.

Also of particular value is the focus on the preferred and convertible stocks. The in-depth analysis of both the simple and complex types of offerrings brings to light a lot on the topic, and what to watch out for with new laws and regulations regarding these documents.

This book is a must read for anyone doing financial deals of any type. Although I have been doing deals for over 20 years, there were a couple of points in particular that I took away from this book that I now use in all the deals I do. We also had one of our portfolio entrepreneurs read it, who took away a lot and now uses this book as their "standard" for the types of deals they do.

Want to know what venture capitalists really think about deals and how they structure them? It's in this book.

Passable guide, but certainly not a reference book
A very brief and concise view of venture capital structures, but also somewhat basic in content. Examples could use more details (e.g., the sample weighted average anti-dilution calculations).

Disappointed that the author does not address more complicated security structures other than common and straight convertible preferred. Also, I was surprised given the recent publication date that there was not a comparison on how deal terms have changed from the dot-com boom and bust.

Certainly not a must have book for my bookshelf.

Sahlman's Entrepreneurial Venture is a much better "reference" book and cheaper too. ... Read more

Book Description

If you're in new product development, or simply work in management and depend on new products for your livelihood, this is definitely the must-read of the decade. You're going to love the increased productivity and the freedom to be creative of this new product development system.

Where do you suppose it originated? Toyota, wouldn't you know. Iffamiliar with what's going on in industry today, you're already aware that the Toyota Production System is the envy of Western manufacturing. Companies like Dell Computers and Pella Windows are using it to sock it to their competition. But did you know that Toyota's new product development system is just as important to the ongoing success of Toyota? Consider this. Toyota's new product engineers are 400 percent more productive than those employed by most companies. Talk about productivity. It's enough to make top management want to dance a jig. This book explains that system and how it can be implemented.

Hold on. Before you click the order button, or surf to another site, let us make you aware of one more very important thing. The Toyota new product development system this book explains has very little if anything to do with the Toyota Production System. The former is how Toyota develops new products. The latter is how Toyota manufactures them. Both systems deliver extremely high productivity, both free people to do their best, but beyond that, there really aren't many similarities. You need to read this book to find out why. Believe us when we say, no company that depends on an ongoing flow of new and improved products can afford to ignore the revelations it contains or the potential advantages in terms of productivity and creativity that can accrue from following the method outlined in Product Development for the Lean Enterprise. ... Read more

Reviews (2)

Thought Provoking Mental Nourishment
Michael Kennedy's book, Product Development for the Lean Enterprise, gives an experienced insight into the dilemma faced by some of North America's largest organizations, those who have embraced management science in all of its complexity to win national awards, only to find they are unable to compete successfully at the customer level. Using an engaging fictional narrative, Kennedy provides a fresh insight into product development; this book will challenge your beliefs and understanding and likely intrigue you sufficiently to investigate how aspects of the process can be made applicable in your enterprise. It is a treasure trove of information on, not just its principal topic, Toyota's unique product development process, but details on establishing and operating "a process renewal team" and "large group interventions for organizational change".

In Michael Kennedy's very readable book, one is introduced to Toyota's design concepts, unconventional to the majority of us in corporate North America. Imagine your product development process stipulating:
• explore not one, but multiple design solutions at the same time;
• delay the design's narrowing process to as late as possible in the process;
• demand the building and testing of multiple design models and prototypes for performance conformity;
• have the development, retention and reuse of engineering knowledge and skills a top priority for the company;
• eliminate the use of complex integrated task based program and plans by delegating each program designer to prepare his/her own time-lines to meet fixed review dates and performance levels; and
• have functional engineering managers focus on teaching and mentoring engineering talent, not administration.

In addition to product development, Kennedy's book gives the reader an overview of change management issues from strategy, to personal and political conflict, to presentation and implementation tactics. The book stimulates thought; it proposes possibilities; it gives a glimpse into the future of an enlightened company's product development process. It is beyond a wake-up-call; it is mental nourishment to everyone whose enterprise relies on engineered products.

Entertaining and Compelling, a unique perspective on Toyota
Michael Kennedy has created a most entertaining and informative book which explores an, heretofore, unexplored aspect of why Toyota, and companies like Toyota, excel at bringing new products to market with 4 times the efficiency of their North American competitors. The book is written in a fictionalized style, ala "The Goal", and conveys the philosophies and paradigms that Toyota embraces which set them apart, in time-to-market and profits, even in this post-bubble economy. Kennedy draws from his life experiences, both as an organizational developer of concurrent engineering processes at a Fortune 100 company, and from his involvement with a National Center for Manufacturing Sciences (NCMS) collaboration which studied and documented this subject. His volume chronicles how IRT Industries, struggles with their product development processes, their discovery of how Toyota uses knowledge-based paradigms, and how IRT grudgingly realizes that major paradigms shifts, not process changes nor process compliance is required to be a world class product development company. And, maybe best of all, he provides a detailed plan and methodology by which enlightened companies can implement what they learn from this volume. ... Read more

Book Description

The modern approach of this text recognizes that econometrics has moved from a specialized mathematical description of economics to an applied interpretation based on empirical research techniques.It bridges the gap between the mechanics of econometrics and modern applications of econometrics by employing a systematic approach motivated by the major problems facing applied researchers today.Throughout the text, the emphasis on examples gives a concrete reality to economic relationships and allows treatment of interesting policy questions in a realistic and accessible framework. ... Read more

Reviews (9)

Did the trick ...
As an undergraduate student, studying econometrics I advise that this book is a very (very) basic introduction to econometrics (one-step up from basic statistics, probabilities, etc).

One minus of the book, is that it lacks detailed examples of some of the key concepts (which is defintiely a must when you are learning something new) .... the concepts are detailed enough but it is always helpful to have a real world example of the concept.

Also, some of the chapters can induce learning overload and require intense concentration ... which I found to be quite annoying (as you do when you are a student). If the chapters were broken up a bit more, it would be a far easier read (see my recommendation below concerning an easier read).

However, the appendices are most excellent for review of key prior mathmatical knowledge (probabilities,statistics, etc) ... but you will likely need to know your "stuff" before you attempt to read this book (which is logical really).

If you are interested in econometrics but not so good with maths, I recommend purchasing Schaum's outlines: an introduction to mathematical economics by Edward T Dowling, as this is a most excellent, informative book with hundreds of worked through examples.

Additionally, I have also recently read "Learning and practising econometrics" by William E Griffiths et al, and this is a far easier read than Woolridges book ... but maybe that is because I have already read Woolridges book (just a thought).

At any rate whilst using this book, I passed my basic econometrics 200 level course, with a pleasing grade. So all in all, the book did do the trick!

Good luck, Kristina

commment
I love this book even as a graduate student. It covers all the major issues in the fields and explains it more easily to understand than the graduate texts. I borrowed a copy and then decided to buy one.

Good but not enough.
I bought Wooldridge`s book about 5 months ago, because I needed an introductory text, which is newer than Gujarati`s Basic Econometrics (1995).
Wooldridge's book is easy to understand, covers most of the topics you can expect. Good for beginners, undergraduate courses, but finally I still felt necessary to buy Gujarati`s book too. The latter is just better for an introductory-intermediate text.
If you have a low budget, and you need a text that you can use in the long run as well, choose rather Gujarati`s book.

a great introduction into econometrics
Wooldridge has managed to write a great and intuitive introduction into econometrics. The book doesn't require any prerequisites despite basic high school math and statistics. Matrix algebra is only used in some of the appendices, which is a bit sad, as the introduction of it in the text, and the usage during the text, would have been a major advantage when reading more advanced books on econometrics. Despite that, the book is really fascinating. Written in a simple yet rather rigorous style, accessible and self-explanatory. The examples aren't always economic, which is a small lack, but in a way Wooldridge does what he is promising to do: He introduces the reader into the methods of modern econometrics, from a very solid and thorough coverage of OLS to more advanced methods such as panel data analysis, time series (basics, unit roots, co-integration) or ILS and 2SLS (simultaneous equation models). In my opinion, the book can be used for two one-semester courses. The availability of data sets for the computer exercises is useful for both students as well as instructors. Apart from its lack of matrix algebra, this book presents a consistent, solid, but easily understandable introduction into econometric methods so that even survey articles from e.g. the Handbook of International Economics using econometrics are rather easily readable. Kennedy's 'A Guide to Econometrics' makes a good companion, for further studies, Greene's econometric bible ('Econometric Analysis') is probably the most recommendable book.

Excellent book
This book gives very good intuition about the econometric analysis tools. For econometrics, this is the simplest book that covers so much and explains things so simply.
I definetely recommend this book. ... Read more

Book Description

Here is the most definitive and up-to-date self study guide for the Project Management Professional (PMP) certification exam from the Project Management Institute. This single volume has been used successfully by project managers around the world, and it contains everything you need to pass the PMP Exam, including all exam topics, insider secrets, complete explanations of all PMP subjects, test tricks and tips, and hundreds of highly realistic sample questions. Additionally, the book is loaded with exercises that will strengthen your understanding of the PMP concepts and prepare you to pass the exam on your first try with ease. ... Read more

Reviews (31)

Simple, But Do NOT Use As Your Only Study Material
This was the first book that I used to begin studying for the PMP Exam with. (I passed Dec.1st/03) It is simple and easy to understand. However, the questions are much easier than the actual PMP Exam. There is alot of information missing from this book that is critical for the PMP Exam (other Earned value calculations, definitions etc.) Use this to introduce yourself to the concepts, but do not use it as your only study material. I supplemented this with Kim Heldman's book which filled in some of the gaps. I then took Rita Muchaly's PMP Exam Prep course. This was invaluable. Although I already knew 90% of the material, the course taught me how to interpret and read the questions and pick the "betterer" answer. Plus, the order of planning processes which Andy Crowe presented in his book was different than the order of activites in Rita's course. I took Rita's sequence to be true, as she was previously on the committee who created the actual PMP Exam questions, so she would know the right sequence. Rita's PMP Exam prep questions provided in her study kit were very similar in difficulty and structure as those on the PMP Exam. If you only have so much money, take Rita's course and/or buy her Exam Prep System which includes flash cards, a CD of 1300 exam questions and her book.

The book is over-priced, as it does not include a CD with questions on it.

One-Stop Shop for PMP Certification
PASS. First time out. Any questions?

Seriously, I read the PMBOK cover to cover. DENSE. All the information is there, but it lacks several things that are crucial to a successful PMP exam preparation: intuitive organization, practice questions, and real-world applications.

Andy Crowe's book fills the gap. It presents the information in a structured, easy-to-understand format that guides you through the 39 discrete processes, their interaction, and most importantly, what you need to know about each one to pass the exam.

The final exam takes the concepts presented in the book and makes you think about them from yet another angle, and the fact that all the answers are there provides the last step in cementing the information in your head. My score on Andy's final and my score on the PMP exam were within 5 points of each other, so he obviously got it right.

The PMP exam is extremely situational. Some questions have four correct answers! What they want from you is the BEST answer. Many others focus on order of operations and ask what you, as the project manager, should do FIRST. These real-world situations are covered clinically in the PMBOK, but stressed in detail in this book.

Buy it. Read it. And Pass the PMP. I did.

Let's just say...It gets the job done
I've been a Project Manager for many years now, have always been interested in obtaining a PMP but never found the time or the right resources. This book is a perfect combination of both. It is easy reading and easy to understand. If you are disciplined enough to read the book, take good notes, take and review the practice exams you can also be a PMP very soon. I waited too long to accomplish this goal because I didn't know what tools to use. If you've found this page, you've found the right prep book to get the job done for you.

Well written, direct, clear and smart
I performed a quite extensive searching on the bibliography focused on preparing candidates for PMP certification. My requirements were clear: "I do not want to read again a huge sort of books to learn how to manage a project. I need a book that teach me in a direct way how to approach the PMI exam to be able to pass the exam". Guys: This is the book. I selected the Andy Crowe's one and after passing the PMP exam, in my first try, I am convinced I made a good choice. The whole book is remarkably well written, direct, clear and smart. It includes the nine Knowledge Areas of PMI's PMBOK plus the Professional Responsibility chapter. There are an exam for every chapter and a Final Exam with 200 questions. The answer of each exam includes a splendid explanation of why the answers are right or not! Every chapter has a books reference named "Going deeper" which is a real gem for identifying more source for additional learning, even after passing the exam. I have only two complaints: a)the bookbinding is some weak. b)Standard deviation formula included in the book is not the traditional one, so review your statistical sources. The book is some expensive, but if you pass the exam, it worth the investment, don't you think that?. Read PMBOK a couple of times, this book and you are ready to attempt the exam.

I passed PMP using this book!
I used this book, the PMbok(R), and the Ultimate PMP Study Aid (an ebay exclusive) to pass the PMP. This book got all the right info to get you pass PMP. Andy's focus is on how to pass the exam which is good. The delivery is right to the point. The tips are very helpful. Studying for the exam and knowing the content of PMbok(R) are not enought. If you understand PMI's mindset, it help you to understand why they ask you this question and what they're looking for in the answer. This is exactly what you will learn from Andy. The 400 sample questions with explainations give you enought practice for the real test. Don't spend money on other expensive books and tests. This is it! ... Read more

Book Description

This introduction to statistics emphasizes inference; data collection and analysis are covered extensively as needed to evaluate the reported results of statstical studies and to make good business decisions.Stresses the development of statistical thinking—the assessment of credibility and value of the inferences made from data—both by those who consume and those who produce the information. Provides numerous case studies, examples, and exercises that all draw on real business situations and recent economic events. Includes Excel computer printouts (with PHStat add-in) as well as SPSS and MINITAB printouts (SAS and STATISTIX dropped).A useful reference for business professionals who need to brush up on their statistics knowledge. ... Read more

Book Description

This text, now in its tenth edition, is clear and concise with shorter chapters that allow for flexible course organization without compromising coverage.Designed as a mid-level approach to personal financial planning, this text is written in a conversational style with many real-life examples.The life-cycle approach, practical applications, and decision-making focus are reinforced with expert advice, helpful tools, and real-life examples. ... Read more

Reviews (3)

Superb Introduction to Financial Planning
I bought this book for a non-credit Financial Planning class at Florida State.I didn't stick with the class, but I'm keeping the book.It seems to cover just about everything anyone except a financial professional could ever need to know about the financial planning process.If there's a downside to the book, it's that it reads like a textbook; HOWEVER, that's what it is.AND, being a GOOD textbook, the writing is clear and understandable.

Anyone who would order this book should know that I received an e-mail today (February 24) from the instructor of the intro class at Florida State, making reference to a ninth edition.The instructor did not specifically mention this book by name.However, since [Amazon.com] is showing the eighth edition as of February 24, it may be safe to assume that this is the book the instructor was referring to.

Excellent resource for taking financial control
I had to purchase this book for a university course I once took (several editions earlier).This book is a great resource for taking you through the personal financial planning process.This book may seem a bitintimidating but if you want personal financial success, it is worth goingthrough the book.It will take you step by step on how to achieve yourfinancial success.This is the best textbook I have ever purchased.

Looking for help
This isn't a review.I'm looking for help.Anybody order this book?The one I need for a course at Florida State has this description:

Personal Financial Planning by Lawrence J. Gitman & Michael D. Joehnk (Note:This shrink-wrapped package should include worksheets to accompany thePersonal Financial Planning textbook as well as a computer diskette.) ISBN:0-03-028076-1 (Eighth Edition - 1999) Published by Dryden Press (asubsidiary of Harcourt Brace)

The Amazon.com description doesn't say ifit includes the goodies.Anybody know?

E-mail me atmark_n_tam@yahoo.com

Thanks ... Read more

Book Description

This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. Throughout, the main emphasis is on the insurance product and the use of insurance within the risk management framework. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed. ... Read more

Reviews (2)

Fundamentals of Risk and Insurance
Updated to reflect changes in the field since 1999, this volume provides a comprehensive introduction to the field of insurance, with a consumer emphasis on the insurance product.

How Do I Write a Review about an Insurance Book?
Well, I guess I can try to review this book from the only perspective I read it from: that of a student. I had to read it for my CFP class on Insurance, and, as an introduction to most forms of insurance, it explains the forms in a very methodical and systematic way; it was very easy to follow and tough to get completely lost.

Honestly, I was never really fascinated with insurance. My life-licensing class was 24 hours of classroom time spread out over one weekend, so maybe that has created some insurance-related intellectual scars. The sections on Life Insurance and the basic components of any insurance contract and the whole insurance process were already familiar to me, so I found those sections incredibly uninteresting. The other forms of insurance were much more interesting and gave me a great foundation for other insurance studies I've done since.

The prose of the book, too, flows extremely well. In fact, I usually just lightly read passages explaining computations and formulas because I come back later to review them in-depth; however, while reading this book, I actually felt I fully understood most of the computations even while I read (which almost never happens because most formula-explaining reads much like Kant's "Metaphysics of Morals").

Just one closing point... I guess you'd have to be either Insurance Commissioner or a professor of insurance to be really interested in this material, but the authors write in a way that allows even the average CFP or insurance student to come away from the book with a good sense of how insurance works and where it fits into an individual's financial plan. ... Read more

Book Description

This text remains a proven leader in the world of economics. Since introducing the aggregate supply/ aggregate demand model as a fundamental tool for learning economics over two decades ago, in this edition William J. Baumol and Alan S. Blinder continue their long tradition of equipping students with the knowledge and tools they need to apply modern economics to their world.Hallmark features include one of the strongest policy treatments on the market and a careful and in-depth focus on the most important economic tools students should retain after the course is over. ... Read more

Book Description

This best-selling text offers a unique policy-oriented approach that uses models and concepts to illustrate real-world development problems. Retaining its hallmark accessibility throughout, the Eighth Edition uses the most current data, offering full coverage of recent advances in the field, and featuring a balanced presentation of opposing viewpoints on today's major policy debates.

Economic Development includes extensive country-specific examples, with particular attention given to economic dislocations throughout Asia, Russia, and Brazil. Updated Country Case Studies and Comparative Case Studies allow students to apply concepts to specific developing nations. ... Read more

Reviews (5)

Not really much economics
While Michael Todaro's text is widely used, as another reviewer points out, it is as much political "science" and sociology as economics. I am an economics professor and I have taught Economic Development courses from this text and had to repeatedly bring the perspective of neo-classical economics which was lacking or misconstrued. This text is closer to neo-Marxist than neo-classical.

If you wish to gain the insights of economics, I would recommend "The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics" by William Easterly.

Gives meaning to "development" ...... 5++
Todaro and Smith cover the major issues and influences of poverty in the third world, as we know it today.

With development having many different meanings and underdevelopment been a concept that many theories, especially economic ones, ignore, this book is exceptional in its analysis of the third world and the need for development, both economically and socially; the role of women and children in poverty is raised and discussed, as the important issue that it is, .... and more than often is ignored AND possible solutions to underdevelopment are suggested.

Additionally, much emphasis is placed on specific country examples, which are extremely interesting and useful from a study point of view, and Todaro and Smith further the cause for underdevelopment issues with their key characteristics of development.

An excellent resource for students, or anyone else, interested in development issues ..... 5+++.

Accessible and Comprehensive
The greatest problem facing economists today (I should say "facing the world today") is how to create wealth in the poorest countries of the world. This introduction to the subject is accessible to any reader, even those with very limited previous knowledge of economics. The book begins with a critical summary of current development theories and then takes on a number of policy questions, with case studies. Each chapter ends with discussion questions and the publisher maintains a web site with useful quantitative and graphing exercises (with answers).

Michael Todaro writes from a left-of-center perspective and is more ideological than most textbook writers. However, he presents other points of view and presents them pretty fairly in my opinion. And I have to say that he scores some pretty big points against the neoclassical theorists by showing that their assumptions are frequently at odds with reality.

While some of Todaro's more stridently ideological statements can be annoying, I know of no other book that provides such a comprehensive, well organized, and engagingly written introduction to economic development.

A very readable introduction to developmental economics.
Todaro in this book presents what is quite possibly the easiest to understand introduction to developmental economics that the world has to offer. He does not provide quick answers but a logical and well thought out conception of the complexities of the problems in a format that although not wholly excluding mathmatics, uses it only in appendixes, etc. to explain problems-- which leaves the book open to a wider audience (and also does not allow its readers into the overly simplistic answers that too much mathmatics sometimes hints at....) In my studies