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History of land selling and great marketingReview Date: 2007-01-09
A great investment for anyone who wants to retire comfortablyReview Date: 2006-02-08
Personal experienceReview Date: 2006-12-09
Best "how to get rich quick" ever Review Date: 2005-12-20
Ahmad and Linda Kangarloo, Middletown, Virginia
A Handbook For Success and ProfitReview Date: 2005-12-08

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thank you for sending the books so promtly. We have enjoyed hours of fun with the 5 books we ordered.Review Date: 2008-03-24
I Spy is a terrific series.Review Date: 2006-03-01
Truly a great learning book!Review Date: 2006-01-12
Great BookReview Date: 2006-06-30
i spy seriesReview Date: 2005-07-20

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Best 1 volume book on better writing.Review Date: 2008-06-19
Best book available on how to be a better writerReview Date: 2008-04-29
The book is split into three sections. The first covers the "keys to great writing" (economy, precision, action, music, and personality). The second covers "Elements of Composition." The last section is by far the smallest but was perhaps the most useful to me. It is on the writing process itself.
I enjoyed the book so much that I tracked down the author via email and paid him to review two chapters of the next book I'm writing. I wanted to see how well I'd done at taking his advice from the book.
I cannot recommend this book highly enough.
Great help!!Review Date: 2008-04-16
Excellent!Review Date: 2007-07-20
Lot of info and easy to read.Review Date: 2006-02-24


One of the best Moomin books (for adults!)Review Date: 2007-06-06
They all have wickedly funny moments, they're all fanciful, they're all subtle in some way. But some of them are really aimed at kids and, despite their considerable charms, can wear thin at times.
Moominpappa at Sea is a really great one for the adult reader. Yes, it has all the fancy and fun of a children's book, but....good lord! it is wonderfully complex. very funny, psychologically perceptive, at times very creepy. Where, say, Moominvalley Midwinter is a series of loosely connected episodes, everything in Moominpappa at Sea fits together very cleverly, from the first sentence to the last.
the plot hinges on Moominpappa's vain, poignant quest to have his family feel like they still need him. Moomintroll on the other hand is making some kind of adolescent transition, getting away from the family, bonding in the dark on the beach with a strange creature.
ExquisiteReview Date: 2006-08-11
One of My Favourite Childhood BooksReview Date: 2002-12-23
Given that the books were originally written in Finnish the translator has done a fantastic job to make the stories incredibly readable and finely nuanced in English. It's possible that the books appealed to us kids so much because they come out of a European culture quite distinctly different from most of the English and American stories we were used to.
The chapters are the right length to read aloud one at a time to kids. (Good for bedtime stories in the summer holidays, I seem to recall!)
I was fortunate enough a couple of years ago to take a ferry across the Gulf of Finland from Stockholm in Sweden to Turku in Finland, and the little rocky islands in the Gulf are almost exactly as I imagined them from the book...
Tove Jansson's guide to the familyReview Date: 2003-07-13
Every psychology student has something to analyse in every character, and anyone who ever had a moment of doubt about the meaning of their life has something to ponder. What father with a teenage family would not relate to Moominpappa's melancholy, feeling that his life is without purpose now his family appear to be independent, his urge to be needed, to be able to protect them? What homesick traveller could not understand Moominmamma's longing for her garden, (and its magical transformation which you will have to read for yourselves). The description of her homesickness brings tears to the eyes. And what put-upon mother could not identify with her delight in being able to disappear from her family just long enough to stop them taking her for granted? The glimpses of the fond, but no longer passionate relationship between Moominmamma and Moominpappa, and Moominmamma's endless patience for Pappa's foibles, their need for their own roles, and his inability to understand her own needs says more about the maried state than plenty of far more learned texts. We will all be able to identify the same dynamics in our own families and relationships.
Meanwhile Moomintroll's adolescent emotional awakening must bring nostalgic memories of first love to we adult readers, but must surely mystify the average 8 year old. Younger children do not usually have a developed enough sense of other people's individuality to understand the complexities of what is driving the Moomin family to their peculiar dispersal.
The allegory of the frozen Groke could represent so much - I feel a thesis coming on - but I think represents how people get into a vicious cycle;cut off emotionally because no one interacts with them, and becoming ever more reclusive and antisocialin a vicious cycle. She makes us think about how we subconciously excuse ourselves for avoiding the lonely, scared, mentally ill, etc among us, for fear we may be "tainted" them.
Although I'm sure children will enjoy it at one level I recommend it highly to everyone, particularly if you are in a life crisis. I have lent it to nearly all my close friends and no one has yet not enjoyed it thoroughly.
Anyone who enjoyed this book should also enjoy Moominvalley in November with a similar selection of odd characters who we will all recognize among our own aquaintance.
Magical MoominsReview Date: 2002-05-21
Moominpappa decides they all need an adventure, and he is most desirous of "taking care" of everyone so Moominmamma can rest and all can be safe and protected. They set sail on an evening in late August to a small island in the Gulf of Finland planning to live in a wonderful lighthouse. The island is strange, bleak and barren. The lighthouse appears abandoned and is locked. The Moomin family consisting of Mamma, Papa, little son Troll, and Little My all go about practical tasks of settling in, first a search to locate a key. The living quarters in the lighthouse are at the very top only to be reached by a rickety spiral staircase. Much to Pappa's dismay, the light is out, and he cannot make it work. The fall storms begin (Pappa never explains why he didn't begin his adventure in the spring) and the life on the island becomes terrifying as well as bleak.
Though the Moomins get angry at one another, they are unfailingly polite and cooperative with the exception of Little My who is a cheerful, cynical pragmatist. Mamma & Pappa are very permissive parents, but always interested in what Troll and Little My are thinking and doing. The author very gently shows how perhaps there is a downside to sleeping and eating when you want, sleeping where your fancy takes you, and going on any adventure that occurs to you. There is delightful comedy where the Moomins throw a birthday party for The Fisherman, and he discovers all his "presents" belonged to him in the first place.
Come, enter the world of the Moomins! You might want to stay!

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Cute and touching.Review Date: 2008-02-16
Mortimer's Christmas MangerReview Date: 2007-01-23
A Blessed Christmas StoryReview Date: 2007-01-10
An excellent Christmas storyReview Date: 2007-01-10
AstoundingReview Date: 2006-12-19

Naked capitalists are running toward the finish lineReview Date: 2008-07-28
The overarching question of W. Cleon Skousen's "The Naked Capitalist" is a puzzling one: why do the world's largest fortunes, which have amassed their wealth under free market capitalism, support the socialist, fascist, and Communist powers with continuing financial aid? The answer is an unpleasant, but simple, one. These interlocking powers, the Federal Reserve System, treasonous tax-exempt foundations, the Council on Foreign Relations, Fabian socialism as articulated by Ruskin and Rhodes, and the American slide toward socialist economics, are in league to envision the new "Tower of Babel," namely a collectivist World Government, under their jurisdiction and guidance, naturally.
"Naked Capitalist" carries the themes of "None Dare Call It Treason" by John Stormer in that every Communist nation has a glittering, red-inked "MADE IN THE USA" stamp on its blood-soaked land. Coupled with John Ruskin's idea of keeping the wealthy elite in control of the masses, the Anglo-American establishment could shape each nation's political and economic future in its hand, eventually leading to the institution of a global government that all nation-states would recognize.
The power elite controls and manipulates the economic and political life of the United States still today. The Federal Reserve's siphoning off of American wealth through fiat currency, artificial "boom-bust" cycles, and the repayment of massive interest from the U.S. national debt by the American taxpayer is creating an enriched political class able to dominate the masses as easily as a farmer directs and controls his cattle. It matters not who wins the White House or controls Congress. The CFR, Trilateral Commission, and the Bilderbergers, bought both institutions long ago, and they are directly in league with the international bankers.
The most entertaining part of the entire book is Skousen's review of multiple historical instances throughout the 40s, 50s, and 60s where the power elite's exposure was all but inevitable. To paraphrase one commentator, the elites are running naked toward the finish line. The establishment elites are probably having a grand old time chuckling about the "old days" where there was a possibility they might be caught red-handed. Nowadays, they can flaunt themselves in the faces of the sleeping masses and still get away with things. With the advent of the Internet, however, they may not be so lucky these "last days."
I was a down-to-earth skeptic as I approached the claims of not only "The Naked Capitalist," but also many other well-known authors, who appeared to me at first to be a bunch of right-wing cranks (on par with leftist 9/11 "Truthers"). As I have extensively followed current events for the past three years, I concluded that the evidence is too overwhelming to be ignored. World government is in our future, and nothing can divert us from that road. Not even the election of Ron Paul to presidency of the United States would buck us off the path to global socialism, although he may have been able to shield us from the atrocities for just a few more years.
Have you awaken from your slumber yet?
Unlocking the Truth About GovernmentReview Date: 2008-07-02
Valuable resource? Yes. Objective review of Tragedy and Hope? Hardly.Review Date: 2008-07-03
This book must be understood as an attack from the right on "Tragedy and Hope" -- not the 21st century neocon right, but the old fashioned right that may be best thought of as a libertarian point of view these days. Mr. Skousen's approach is consistent with his conservative religious background (LDS) and his background in law enforcement (FBI and later Salt Lake City Chief of Police). Skousen's academic background is reflected in his exegesis of "Tragedy and Hope".
I thought his defense of J. Edgar Hoover and Joe McCarthy was thought provoking, and not to be dismissed out of hand as most left-leaning people would tend to do. By illustrating the clear link between the Eastern Establishment and Communism, the author perhaps provides a better understanding of the criticism of corporate media as "Liberal". Corporate owned media did at times cover the issue of Communists in government in a way that tended to downplay the extent to which the government, particularly the State Department, was infiltrated by Communists, which could lead a right-wing or even a neutral observer to believe that the fourth estate had Communist sympathies.
But that's only part of the story. The corporate owned media has also had a history of covering up the extent to which Fascism has infested USA finance, corporations and government. One example from the time span that Skousen focused on, but which he failed to mention, is the Fascist plot to overthrow the US government shortly after the start of FDR's first term. Jules Archer's recently re-printed book, The Plot to Seize the White House: The Shocking True Story of the Conspiracy to Overthrow FDR, tells this story persuasively. The earliest incarnation of the HUAC (House Committee on Un-American Activities), the Special Committee on Un-American Activities (1934-1937) actually investigated not only domestic Communist activities, but domestic Fascist activities as well, including the plot just mentioned. Contemporary press coverage of the Congressional hearings and the plot itself was shameful for the most part, particularly the coverage by Time magazine and the New York Times. They covered the story in a way similar to later coverage of UFO and Elvis sightings, poking fun at the very suggestion that such a plot could even exist.
While I am grateful that Skousen wrote this unique review/critique of "Tragedy and Hope", I would urge readers to take "The Naked Capitalist" as a point of departure in their study of the power elite, not the final word. The plutocrats who run things behind the scenes take on many guises, using politicians and movements across the political spectrum to further their malevolent aims. They quite obviously used both Fascism and Communism simultaneously for a time and have moved on to other totalitarian movements, such as neoconservatism and various religious movements. Focusing excessively on these movements and philosophies only serves to distract us from discovering the actual puppet masters.
I must finally express my disappointment with the inclusion of a vitriolic attack by Al Smith on FDR's New Deal policies in an appendix. Al Smith had preceded FDR both as Governor of New York, and as a Democratic presidential nominee. Smith lost the nomination in 1932 to FDR, who, unlike Smith in 1928, went on to win the election. There is the argument that while Smith had maintained his previous progressive beliefs, the Democratic Party under FDR had moved on to Socialist tendencies. (In other words, the Democratic party left him, he didn't leave the party.) However, if Skousen were to choose a disaffected Democrat to criticize the New Deal, he could not have picked a better example of a sellout, a turncoat, and perhaps even a traitor, than Al Smith. Smith was first of all a sore loser, and secondly had by that time become a 100% owned asset of the Eastern plutocrats, the very class that "The Naked Capitalist" rails against. Smith was a prominent member of the Liberty League which sponsored the Fascist plot against FDR I referred to above. I again refer to The Plot to Seize the White House: The Shocking True Story of the Conspiracy to Overthrow FDR for details.
By suggesting that Al Smith was still the brown bowler wearing "Happy Warrior" in 1936 that he had been in the 1920s disingenuous to put it mildly.
Fascinating book that will make your blood boil...Review Date: 2008-02-10
The Naked Capitalist By W. Cleon SkousenReview Date: 2008-06-03
"A worthless person, a wicked man, goes about with crooked speech, winks with his eyes, scrapes with his feet, points with his finger, with perverted heart devises evil, continually sowing discord; therefore calamity will come upon him suddenly; in a moment he will be broken beyond healing. There are six things the Lord hates, seven of which are an abomination to him: haughty eyes, a lying tongue, and hands that shed innocent blood. A heart that devices wicked plans, feet that make haste to run to evil, a false witness who breathes out lies, and a man who sows discord among brothers." Proverbs 6:12-19 RSV
The above verse if the first thing that came to my mind once I finished reading this fine book. Skousen in "The Naked Capitalist" is really describing the events from 1913 through the 1960's that will someday lead to The New World Order. There have been so many great reviews on this book on Amazon.com that I would encourage the reader to not only read this review but the others as well. Skousen's book is a summary of Dr. Caroll Quigley's (a professor of Bill Clinton, and an insider to the New World Order boys) Book "Tragedy and Hope" in which Quigley being an insider and allowed to review the CFR's (Council On Foreign Relations) documents for two years in which he decided to write a book since he felt that there was no way we could stop this socialist empire now. Here are some of the highlights from this book that stuck out to me:
We were actually making post war plans to World War 2 a whole two years prior to entering the war (this is where we got the United Nations from).
The international bankers financed two conservative candidates to split the vote so Woodrow Wilson would be elected to office. Woodrow Wilson signed into law the Federal Reserve which is actually a private banking system. This took the power of making money away from congress and gave it to a private bank. (Does anyone recall the bible verse that says, "The borrower is slave to the lender.")
The international bankers are in Europe, the United States and setting up shop everywhere. Since they came into power they have set up communist government after communist government because it's easier to work with a dictator and get rich than it is with a free society.
These bankers will usually finance both sides of a war, and have been linked to just about every war since they took power. They also make a lot of profit, and as Skousen points out their oil plants and businesses are conveniently not hurt even though thousands upon thousands may die for their gain.
I enjoyed Skousen's ability to break down the Korean War and show how (with facts that are documented from sources in the back) Communists within the United States working in high positions of power were playing both sides. The plan was for the U.S. to fight for South Korea, oh but wait, we were supposed to lose. When our military was TOO good there were 100,000 Red Chinese waiting for them. Our military was not allowed to take our Chinese supply lines or to go in and take territory. I mean the communists in Washington had it all set up and we were supposed to lose. What right did our military have actually being good.
The CFR (Council On Foreign Relations) is a front group by the international bankers (like the Royal Institute Of International Affairs is in Europe) . This council works for the international bankers and supports socialist causes.
The builderberg group is a small group of elites that meet once a year and plan the direction of the world and it's propaganda for the next year. It is very secretive and if someone finds out your invited your invite is automatically revoked. Group made up of large corporate heads, political leaders, media elite, and the international bankers.
Tax exempt foundations are influencing public policy and directly influencing our schools. They are pushing propaganda and dumbing down our society. These foundations oddly enough are places the big corporate big wigs and international bankers can stash their money and not get taxed.
Bottom Line: I could go on and on.... Read the book it's only about 125 pages, but it is loaded with some of the most important information you could want or know about our government and the New World Order.

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Intellectual honestyReview Date: 2008-07-04
Brad Angell
Great ReadingReview Date: 2008-05-11
Good BiographyReview Date: 2008-06-06
McGraw's account has, however, some limitations. Schumpeter was esssentially a career academic who lived a very intellectual life. While McCraw does well in discussing Schumpeter's work, he is not nearly as good on the intellectual background and other trends in economic thought. By the end of WWII, Schumpeter's work was being eclipsed by Keynesian economics. McCraw discusses this but not in enough detail to get a really good idea of the major issues. I get the sense that this was not just a question of Schumpeter versus Keynes but also that the direction of economics towards what is now macroeconomics was something that left Schumpeter somewhat isolated. Schumpeter himself may have inadvertantly encouraged this tendency. He was an advocate of the mathematization of economics, despite his own relatively non-mathematical work. But since the type of discontinuous phenomena in which he was most interested resisted mathematization, mathematical analysis developed to analyze more continuous phenomena in what I think became macroeconomics.
I'm not sure that McCraw does well on other dimensions of Schumpeter's historical background. McGraw describes Schumpeter's work in terms that suggest clearly an analogy with evolutionary processes (analogies which McGraw uses at times). The pre-WWI central Europe of Schumpeter's youth was the great period of social Darwinism. Did this have an influence? Similarly, Schumpeter's rather romantic, almost Nietzschean view of entrepeuners also seems to fit in with the intellectual life of the Fin de Siecle Europe of his youth. I'm surprised also that McGraw doesn't make much of the connection between the Austrian Empire's relative backwardness and the drift towards protectionism in the pre-WWI years. Surely these had some influence, especially given Schumpeter's interest in the dynamism of capitalism.
While McGraw is generally sympathetic to Schumpeter, he is hardly uncritical. He makes the good point that Schumpeter never really understood American democracy. At times, however, McGraw may be a bit too generous. Schumpeter's criticism of the German Social Democrats as preparing the way for an authoritarian society was unfair to the only consistently pro-democratic force in Germany. McGraw is also periodically inaccurate about general background. The signers of the Treaty of Brest-Litovsk, for example, would have been surprised to learn that the combat of WWI had little effect of national borders.
Analyst of ChangeReview Date: 2008-06-22
All his life Schumpeter championed capitalism yet was an expert on Marx, Marxist economics, and the entire socialist literature. A Marxist economist, Paul Sweezy, was among his closest Harvard friends. Schumpeter was a political conservative and anti-socialist who,notwithstanding, served as Finance Minister for a socialist government in post-World War I Austria. He lauded capitalism's superior performance while predicting the system's death from too much success. He preached creative destruction -- the incessant tearing down of old ways of doing things by the new -- as capitalism's inescapable iron law, yet was unprepared when his own work fell prey to it.
The 1990s saw the publication of at least three biographies of this complex, paradoxical figure. Now comes Thomas McCraw's definitive and elegantly written study to top them all. Drawing upon Schumpeter's diary, correspondence, early drafts, and published works, McCraw, a Pulitzer Prize winning emeritus professor of Business History at Harvard, paints a vivid picture of Schumpeter's life and times, his loves and achievements. Readers will choose their favorite parts of the book. Most enlightening to this reviewer is McCraw's survey of Schumpeter's scholarly contributions. Ironically, McCraw writes that he is "not concerned with Schumpeter's economic thinking, narrowly construed," but with his "life and his compulsive drive to understand capitalism." But that is a false dichotomy because Schumpeter's theories cannot be divorced from his attempts to come to grips with capitalism: each guided and shaped the other. In any case, McCraw provides a perceptive and accurate account of Schumpeter's academic greatest hits and misses.
Greatest Hits
Hits include first and foremost the path breaking and seminal Theory of Economic Development, published in 1911 when Schumpeter, then 28, was in what he called his scholar's "sacred third decade" of peak creativity. Other hits followed including the subtle and provocative Capitalism, Socialism and Democracy, and the mighty History of Economic Analysis, which Schumpeter worked on throughout the whole decade of the 1940s, and which was edited and published by his third wife, Elizabeth, four years after his death in 1950.
Schumpeter pushed one idea all his life: that capitalism means growth and growth requires innovation. The book that put him on the map, The Theory of Economic Development, states for the first time his vision of capitalism as the economic system that delivers faster growth and higher living standards (especially of the middle and lower income classes) than any other system, albeit in a disruptive, jerky, anxiety-inducing fashion. Like a perpetual motion machine, capitalism generates its own momentum internally without the need of outside force. Even technological change, seen by some as an exogenous propellant, is treated by Schumpeter as a purely endogenous matter, the product of economically motivated human ingenuity.
Breaking from received wisdom, Schumpeter replaces the static equilibrium analysis of his neoclassical marginalist predecessors and contemporaries with a dynamic disequilibrium theory of cyclical growth. His key building blocks are profits, entrepreneurs, bank credit creation, and innovation. Profits (supplemented perhaps with a desire to create a business dynasty) motivate entrepreneurs, who, financed by bank credit, innovate new goods, new technologies, and new methods of management and organization. These innovations fuel growth and generate cycles.
Why cycles? Cycles arise with a backlog of pent-up potential innovations seeking to override the barriers of habit, custom, tradition, and entrenched positions blocking their realization. When the first successful entrepreneur overcomes the stubborn resistance of incumbent interests and eases the path for other entrepreneurs, the resulting bunching of innovations (not to be confused with mere inventions, which Schumpeter saw as occurring more or less continuously) boosts investment spending, which bids prices above costs and raises profit margins thereby triggering the upswing or prosperity phase of the cycle. The high profit margins then attract swarms of imitators and would-be competitors into the innovating industries. Output overexpands relative to the demand for it, prices fall to or below costs thus eliminating profit margins, and the downswing or recession phase begins. The recession continues, weeding out inefficient firms as it goes, until the economy absorbs the innovations and consolidates the attendant gains thus clearing the ground for a fresh burst of innovation.
If the upswing has been accompanied with speculative excesses nonessential to innovation, the downswing may overshoot the new post-innovation equilibrium. Then the cycle enters its depression phase where the excesses are expunged and the economy returns via a recovery phase to equilibrium. Schumpeter stressed that the latter two phases and the phenomena that generate them are unnecessary for cyclical growth and could be prevented by properly designed policy. It's not speculative bubbles but rather the discontinuous clustering of innovations in time plus their diffusion across and assimilation into the economy that produces real cycles of prosperity and recession.
Profits, entrepreneurs, bank credit, innovation - all are essential to the growth of per capita real income in Schumpeter's model. Remove any one and the growth process stops. Innovation, for instance, is abortive in the absence of bank credit creation necessary to effectuate it. Cash-strapped entrepreneurs cannot build their better mouse traps from thin air. They require real resource inputs and loans of newly created bank money to hire them away from alternative employments. In highlighting this observation, Schumpeter effectively abandoned the classical dichotomy notion that loan-created money is a mere sideshow, a neutral veil that together with metallic money determines the nominal, or absolute, price level while leaving real economic variables unaffected. Not so, said Schumpeter.For him, money and credit are integral to the process of real economic growth and so have real effects.
Schumpeter's most popular hit was his 1942 book Capitalism, Socialism and Democracy. In it he coins the term "creative destruction" to denote capitalism's incessant killing off of the old by the new. The book contains his famous end-of-history prediction that capitalism's very successes, not its failures and contradictions as prophesied by Karl Marx, will produce social forces -- the routinization and depersonalization of innovation, the destruction of the image of the entrepreneur as romantic hero, the creation of a class of intellectuals hostile to capitalism -- which undermine the system and lead to its demise.
If capitalism cannot survive, can one rely upon its successor, socialism, to deliver the goods and amenities of life efficiently and fairly? Yes, said Schumpeter, who proceeded to provide the supporting argument. Many readers took him at his word, but not McCraw. He sees Schumpeter's "defense" of socialism as a devastating satire that mocks the system instead of bolstering it. Schumpeter, in other words, comes not to praise socialism, but to bury it. In the end, Schumpeter's case for socialism rests on extremely abstract theoretical conditions unlikely to be realized in practice. All of which creates a problem: if Schumpeter sought to show that socialism was a practical impossibility, then why did he predict its ultimate triumph over capitalism? One wishes that the real Schumpeter would please stand up.
As for democracy, Schumpeter viewed it as a political market in which politicians compete for the votes of the electorate just as producers compete for consumers' dollars in markets for goods and services. But Schumpeter, always skeptical of consumer rationality, believed that market power resides more with vote seekers than with the electorate, whose apathy, ignorance, and lack of foresight enable politicians to set the policy agenda and to manipulate voter preferences. Even so, he felt that capitalism, as long as it operates within a proper legal framework, is largely self-regulating and so requires little intervention. It thus constrains politicians' market power more than does socialism. McCraw fails to note that these ideas mark Schumpeter as a forerunner of the modern public choice school.
The last hit in the Schumpeter canon is his History of Economic Analysis, whose title expresses his contention that the rise of analytic techniques in economics is part of the economic growth process and must be studied as such. The History, in terms of its scholarship, breadth of coverage, richness of content, originality of interpretation, and wealth of resurrected valuable ideas, ranks with Jacob Viner's 1937 book Studies in the Theory of International Trade as the finest history of thought ever written. Scholars still mine it for ideas today. Among other things, it provides sparkling accounts of the quantity theory, the gold standard, Say's Law, the development of production and utility functions, and much more.
Greatest Misses
Apart from an unfinished book on money, Schumpeter's misses include his massive, two volume Business Cycles (1939), which he wrote entirely by himself with no research assistance. Seven years in the making, it emerged stillborn from the press. McCraw, however, values the book for its historical narrative of the vicissitudes of firms in five industries and three countries. But Schumpeter's contemporaries saw only the book's prolixity, discursiveness, and lack of focus. Most of all, they rejected its contrived, mechanistic analytical schema composed of three superimposed cycles -- the 50-year Kondratieffs, 9-year Juglars, and 4-year Kitchins, all named for their discoverers -- into which Schumpeter forced his data. As if these flaws weren't enough to sink Business Cycles, it had the bad luck, and bad timing, to appear when J. M. Keynes' celebrated General Theory was sweeping the field. Everybody talked about Keynes' book, few about Schumpeter's.
Schumpeter and Keynes
Schumpeter fumed when Keynes and Keynesian economics upstaged him in the 1930s and 1940s. Economists preferred Keynes's theory to Schumpeter's because it seemed to offer a better explanation of and remedy for the Great Depression, because it possessed greater policy relevance, and because it was more amenable to the mathematical modeling, econometric testing, and national income accounting techniques just beginning to come into vogue in the 30s.
Schumpeter should have foreseen this state of affairs. It was consistent with his doctrine of creative destruction in which new theories, like new goods and new technologies, displace the old in a never ending sequence. Here Keynes was the innovator whose analysis of capitalism rested on such novel concepts as the multiplier, marginal propensity to consume, marginal efficiency of capital, and liquidity preference function. Taken together, these Keynesian innovations were bound, according to the creative destruction doctrine, to have supplanted Schumpeter's old-fashioned theory.
Instead of accepting this outcome, Schumpeter reacted exactly as he had described entrenched interests doing when threatened by an innovation that disrupts their accustomed status quo: he put up stubborn resistance. His resistance, however, was motivated not so much by simple self interest, or desire to protect his own theory, as by his scientific judgment that Keynesian economics was fundamentally unsound.
Schumpeter accused Keynes of assessing capitalism on the basis of a short-run, depression-oriented model when only a long-run growth-oriented one would do. He scorned Keynes's claim that capitalistic economies tend to be perpetually underemployed and in need of massive government deficit spending to shore them up. He attacked the "secular stagnation" notion that capitalists face vanishing investment opportunities and slowing rates of technological progress when the opposite is true. He rejected the contention that income must be redistributed from the rich (who save too much) to the poor (who cannot afford to save) in order to boost consumption spending and aggregate demand. Nonsense, said Schumpeter. The insatiability of human wants ensures that income, regardless of who receives it, will be spent in one way or another.
McCraw does a fine job discussing Schumpeter's criticisms, all of which were valid, penetrating, and correct. He fails, however, to note that Schumpeter essentially attacked the wrong target. For it was not so much Keynes as his British and American disciples -- people like Joan Robinson; R. F. Kahn; Abba Lerner; Schumpeter's Harvard colleague Alvin Hansen; and others -- who were largely responsible for the doctrines, especially their extreme versions, that Schumpeter countered. But McCraw rightly points out that Schumpeter slipped when he opined that the Keynesian-style permanently mixed economy, or public sector-private sector partnership, was unsustainable and could not last. The private sector, Schumpeter reasoned, would become addicted to government expenditure stimulus and demand ever-increasing amounts. In this way, the public sector would expand relative to the private one and the economy would gravitate to socialism. Time has proved Schumpeter wrong. Private and public sectors have coexisted in a fairly stable ratio in most developed countries for the past sixty years.
Controversial Issues
Schumpeter held politically unpopular opinions in the 1930s when New Deal activism and populist anti-business sentiments were on the rise. He opposed President Roosevelt's New Deal reforms on the grounds that they hampered entrepreneurship and growth. For the same reason, he opposed Keynesian macro demand-management policies designed to tame the trade cycle. In his view, because growth is inherently cyclical, one flattens the cycle at the cost of eliminating growth. Other controversial opinions, all corollaries of his work on innovation and creative destruction, flowed from his pen.
Of income inequality he wrote that the gap between rich and poor is a prerequisite to and a relatively harmless byproduct of growth in a capitalistic system. The rich are necessary since it is they and not the poor who save and invest in the innovation-embodied capital formation that lifts the living standards of all. Moreover, high incomes provide both incentive and reward for the entrepreneurs who propel growth. No one need fear that an unequal distribution will condemn them to poverty. The Italian economist Vilfredo Pareto's notion of the "circulation of the elites" assures that. The ceaseless rise and fall of entrepreneurs into and out of the top income bracket means that it will be occupied over time by different people, many of them drawn from the ranks of the poor. The poor replace the rich and the rich the poor in never ending sequence.
In assuming a high degree of mobility across income groups, Schumpeter may have overlooked an education barrier. He failed to acknowledge that a superior education, increasingly a prerequisite to entrepreneurship and wealth in today's high tech world, is more affordable by the rich, enabling them and their offspring to stay on top.
Monopolistic firms and monopolistic profits hardly worried Schumpeter. He thought that monopolies, unless protected by government, are short lived, inherently self-destroying, and require no anti-trust legislation. Their high profits attract the very rivals and producers of substitute products that undercut them. For the same reason, he regarded anti-trust laws aimed at breaking up large, non-monopolistic firms as ill-advised. Not only are big firms often more efficient than small ones, but their research and development departments house teams of specialists functioning collectively -- and routinely -- as an entrepreneur who creates innovations that drive growth. Indeed, the very existence of R&D departments indicates that big firms realize they must continually innovate to stay alive.
Schumpeter's politically unpopular opinions continued into the wartime years of the 1940s. He distrusted Roosevelt, suspecting him of trying to establish a dictatorship. And he had mixed emotions about the Axis nations, Germany and Japan. He despised their military establishments, leaders, and advisors. But he admired the people and cultures of the two countries and feared that the United States would impose punitive reprisals at war's end. Most of all, he saw the United States' wartime ally, the Soviet Union, as its chief long-term foe, and thought that it would need Germany and Japan to serve as buffers against the communist nation. These views found little sympathy among Schumpeter's friends and associates in the ultra-patriotic environment of the early 1940s, a circumstance that caused him much unhappiness.
Schumpeter Today
The new improves upon and kills off the old. True enough. But what's new and what's old may lie in the eye of the beholder. Today's cutting-edge theorist and mathematical modeler may regard Schumpeter's analysis as older than old, a pre-Keynesian, pre-monetarist, pre-new classical/rational expectations relic. Accordingly, Schumpeter's name is stricken from required reading lists in many top graduate economic programs where theory is king. To businessmen, journalists, and historians seeking not abstract theory but rather practical understanding of global capitalism, however, his work is as fresh and insightful as the day he penned it. Journalists speak of a renaissance of Schumpeterian economics and of a reversal of his relative ranking with Keynes. Although McCraw does not say so, Schumpeter undoubtedly would be pleased, but hardly surprised, by the revival of his work. It fits his description of the zigzag path of doctrinal history in which sound economic ideas get lost or forgotten only to be rediscovered and restored to their proper place.
A Complaint
A great book deserves a great index, or at the very least an adequate one. McCraw's book has neither. Lacking comprehensiveness and precision, the index creates problems for readers searching for particular items in the text. It is inexcusable that the index fails to cover the 188 pages of endnotes containing valuable scholarly information and constituting a fourth of the book. One can fault the publisher, not the author, for this oversight. Luckily, it does little to mar McCraw's outstanding text. Elizabeth Schumpeter wrote that her husband "loved to read biographies." It's a sure bet that he would have enjoyed this one.
---Thomas M. Humphrey, reviewed for the Federal Reserve Bank of Richmond's Region Focus magazine, Fall 2007.
Beautifully Paced BiographyReview Date: 2008-03-22
Thomas McCraw delivers a biography worthy of his subject. Beautifully-paced and throughly-researched, Prophet of Innovation conveys the originality and excitement of Schumpeter's life.
Schumpeter's thinking underwent three subtle shifts. His Pulitizer Prize winning biographer splits his treatment into three parts to correspond to those intellectual shifts. First, Schumpeter focused on capitalism's economics. Despite his subject's love for precision, McCraw spares the reader the math.
Secondly, he discusses capitalism's social structures. Finally, in a tribute to the subject's most satisfying thoughts, McCraw details its historical record.
Schumpeter's life was no less fascinating than his message. McCraw weaves the two into a story that captures Schumpeter's energy and creativity. Prophet of Innovation is a biography worthy of the 20th century's finest economic thinker.
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Wonderful book.Review Date: 2008-08-17
Ran away with my heartReview Date: 2007-10-07
Included in this trade is Runaways Volume 2 issues #1-12, as well as the X-Men/Runaways Free Comic Book Day crossover from 2006.
The Story Arcs:
True Believers (issues 1-6)
Star-Crossed Lovers (issues 7-8)
East Coast/West Coast (issues 9-12)
The X-Men/Runaways crossover is correctly placed in this trade, after issue 12, where it takes place.
Consult Wikipedia for the hardcover/paperback breaks.Review Date: 2007-07-15
These three hardcover volumes rework, refine and re-explore that idea brilliantly. The seven paperback volumes contain the same material.
Wikipedia may help you avoid buying parts of this amazing saga more than once.
Runaways Vol. 2Review Date: 2007-06-15
An excellent buy for me.
Don't Buy Those Little Digest Books; Get The Big Honkin' HardcoverReview Date: 2007-10-18
This time around, we get twelve issues. One six issue arc, one two issue mini-arc, and one four issue arc. The cherry that tops off this Comic Sundae is a twelve page Runaways/X-Men crossover story that was given out on Free Comic Book Day. Other than the original comic, you can't find this story anywhere else. But, that being said, there's no reason why you'd want to. The story is inconsequential and the art is horrific. It's cool as an extra, but don't look forward to it as an epic super-team crossover issue.
Now, about the actual story: I reviewed the individual arcs here Runaways Vol. 4: True Believers and here Runaways Vol. 5: Escape to New York, but I'll reiterate. The stories are great and the dialogue is snappy as always. This is Brian K. Vaughan here. Its elementary knowledge that he'll always deliver a story that'll make you laugh and nod appreciatively at the talent of his writing. The art ranges from okay to great; Alphona isn't great at drawing the major marvel superheroes, but he excels at drawing the major "Runaways" characters. Speaking of those good ol' kids, I'm sure you returning readers are wondering how they've been. Their lives are no less tumultuous than they were in Runaways, Vol. 1, but the situation(s) they're in are nowhere near as epic as that of the first eighteen issues. In fact, this entire volume feels like set-up for a big story to come. That's both exciting and disheartening. This book could've been bigger and included more plot development than hinting at what is going to come, but even so; the more-or-less standalone arcs of this series are always entertaining, funny, and often poignant and, as an aspiring writer, I can safely say that Vaughan's writing is inspiring.
8/10

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Skin reviewReview Date: 2008-07-24
Unusual book about a brother dealing with his sister's anorexiaReview Date: 2007-10-11
Instead, this is told through Donnie's eyes, and we see snippets of Donnie's life. The story is not told in a continuous way. There are often large gaps between chapters. This allows the reader to get a wide lens view of what happens to this family. This story is really about a little boy with no one that sees him. His parents fight with each other and pick on Karen about her eating. Donnie gets a scrap of attention when he is running a fever. But most of the time, he feels invisible. He turns it into a game where he tries to make sure no one speaks to him at school. Everyone complies, except for a new set of twins from his school who insist on saying hi to him at least once a day.
As Karen's body disappears and becomes just skin, Donnie feels himself disappearing into her disease.
SKINReview Date: 2007-05-25
Skin is a dark story about a fourteen year old boy named Donnie. Donnie's life is falling apart. His parents fight everyday, the girl he likes hates him, he doesn't have any friends, and his sister won't eat. All Donnie wants to do, is to be noticed, he wants his parents to pay attention to him for once, instead of his anorexic sister Karen. Karen always has the spotlight because, she has no fears whatsoever. Karen isn't afraid of cussing in front of her parents or at her parents, or running away or getting in trouble. Donnie wants to help his sister eat. He sneaks protein powder into her water when she's not looking. Karen still doesn't get any healthier or wider. Donnie is now the outcast at school. He goes through classes and the hallways, like an invisible man. Donnie doesn't notice anybody, and nobody notices him. Donnie just wants a good life. He wants his parents to stay together, and he wants Amanda to be his girlfriend, he wants friends that won't ditch him in the cafeteria. He wants his sister to be healthy. Amanda doesn't like Donnie, because he started a nasty rumor about her and himself. It made Amanda so embarrassed that she never wanted to talk to Donnie again. Even though she did talk to him soon enough. In the end, Karen isn't what you would exactly call healthy. But, Donnie did make new friends. He forgot all about his family issues and focused on what really mattered. His future. "Skin," can actually teach you a lesson on life. Be thankful for what you have and what wonderful things have happened to you. Don't think about the negative. Donnie thought about the negative, and every time, he felt worse and worse. Donnie's life was a mess. But once he started thinking of the positive, he could think clearly and fix his problems.
SkinReview Date: 2007-01-14
An unflinchingly honest look at family dynamics and formative friendshipsReview Date: 2007-04-06
Donnie had two best friends last year. Chris and Bean are "best friends with each other, and I'm best friends with the two of them at the same time. Not individually, though, because they already have each other." This year, however, Chris and Bean decided to move up in the pecking order, which necessitates having someone like Donnie below them to cement their status.
Skin is an unflinchingly honest look at family dynamics and formative friendships. Dad never had a father of his own, so parenting is shaky territory. Mom is desperately concerned with saving her marriage and getting her teen daughter to eat. Karen creates a web of lies about her health, always full of excuses about how she just ate at Amanda's or doesn't feel up to having food right now. Karen's weight is ready fodder for arguments between Mom and Dad.
All od these tensions render Donnie, our narrator, to the the background at home, at school, and in life. Skin is a story of survival. How much can one teen absorb before he stands up to shake the world up?

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Souls of the North WindReview Date: 2008-01-08
Souls of the North WindReview Date: 2007-09-03
Souls of the North Wind is remnant of the stories we all read as children about growing up, about being ourselves, and about questioning common stereotypes. I think this message is still just as valid today and just as important for children, young adults, and adults alike. A fairly slow pace but the story progresses smoothly and purposefully toward an inspirational and somewhat humorous end.
A True Master Piece!!!Review Date: 2007-09-02
Chrissy K. McVay is the real deal! The praise you see for this book is genuine, because, this truly is a true literary master piece!!!
Buy it and I am confident not only will you love it. You will share it with friends you know love to read works that are bonafide classics!
The Call Of The Wild
Old Yeller
Big Red
Charlottes Web
Black Beauty
Are all recognized classics
And I beyond a shadow of a doubt believe...
'The Souls of the North Wind'
More than holds its own with all them!
Sincerely,
Chase von
The Last Panther Your Chance to Hear The Last Panther Speak
A riveting, award-winning debut novel ... McVay brings the Canadian Tundra to life!Review Date: 2007-12-10
But don't let that "juvenile fiction" fool you! This entertaining, educational novel is as enthralling for adults as it is for children. It's a riveting coming-of-age tale of two Ihalmiut boys who have the adventures of their lives on the the rugged Canadian Tundra.
Your heart will go out to these youngsters as they set out on a quest to rid one of them of a curse. With the fate of their entire village depending on their success, will they be able to save him and lift the curse? Will they be in time to save their village? And what frightening experiences do they face along the way in this hair-raising tale?
Author Chrissy K. McVay apparently knows her subject matter; writing with vivid imagery she breathes life into each character in this fast-paced novel of a primitive culture that preceded our more civilized societies.
Readers of this book will be enlightened as they learn more about the fascinating customs and legends of the Ihalmiut people who inhabited this wild, yet breath-taking territory. Hopefully, they will find new beauty and significance in their own lives as they learn about these early people and their rich heritage.
McVay's writing is clear and crisp, with a gentleness of touch and a way with words that made me feel as though I were there--in the book--right beside the characters. This outstanding novel has won a treasured place on my library shelf, right along with some of the best wordsmiths of our time. I highly recommend it, and feel it would make an enthralling movie.
I look forward to reading more from Chrissy K. McVay, a bright new light in the literary world.
Review by: Betty Dravis, 2007
From the ancient past death stalks the tundra.Review Date: 2007-04-03
The Ihalmiut people lost several more men during a hunt and blamed Iksik for their bad luck. The shaman who was to lead Iksik and Kiviok to the land by the sea fell ill and the cousins left their village alone before their people decided they must be killed to remove the curse Iksik brought back with him. Taking Kuiniq, Iksik's lead sled dog, and Atnaliki, Kiviok's pup, the two young Inuit men journeyed alone through unknown lands and people to ask the witch who cursed Iksik to remove her curse and stop the yellow-eyed demon that stalks them and all who help them. When they reach the sea they will have to face the demon and death before they can return home.
Although "Souls of the North Wind" is juvenile fiction, everyone will enjoy the story it tells. Chrissy K. McVay's adventure tale spans the difference between Inuit and the rest of the world, showing their way of life and their beliefs in a realistic and sympathetic light. The Inuit world of Iksik and Kiviok at first seems backward and simplistic, but through the main characters' eyes the reader sees an open honesty and lack of guile that is delightfully enchanting.
The language of the Inuit is strange and daunting to read but McVay presents these ancient traditions and beliefs in a way that makes them seem less foreign and almost familiar. Kiviok and Iksik's adaptability and simple acceptance of hardship are shown in simple, straightforward language that rings with truth. Although the story is simple one of adventure, change and growth McVay layers in deeper meanings with a deft hand. "Souls of the North Wind" is the kind of story that grows richer with each reading.
Related Subjects: Katzenjammer Kids Krazy Kat
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This new book has a lot of his personal history which many people looking for practical advice may not enjoy. But I enjoyed them. And mixed in with that history are absolutely great land ads he wrote. They could be used today and still be highly effective. I know I'm borrowing from them.
The rest of the book has lots of practical advice for people who want to buy and sell land from the developers stand point. He keeps it simple. And useful.
Overall, a real treat for me.