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Hopefully "No More Whackos" In Religious Cults!!!Review Date: 2005-07-25
Investigative writing at it's best!Review Date: 2003-02-20
De-militarize and De-federalize law enforcement!Review Date: 1999-12-01
This book is unusual in that it does not slant everything in one direction; it refuses to classify those involved as unambiguous good guys or bad guys.
The scope of the book goes beyond what's implied by the title. There is plenty of fascinating history here, many references to other law enforcement debacles. A compelling case is made that law enforcement has become too militarized and too federalized. The discussion of how "groupthink" on both sides (the government and the Davidians) leads to this kind of tragedy is especially excellent.
I've long wondered why liberals and conservatives seem inverted on Waco. Liberals are thought to be strong on civil rights, including religious freedom, and anti-military. Conservatives are thought to favor strong law-and-order. The authors explain this puzzle: the Congressional hearings quickly degenerated into an attempt to embarrass political opponents rather than a dispassionate search for the truth. The American public and the media took their orientation from Congress to a large extent. If a Republican had been president at the time of Waco, it's very possible the sides would have been reversed.
The authors show very clearly that the real problems with law enforcement have been building regardless of which party controls the White House or the Congress. I hope some legislators read this book and take the excellent reform suggestions to heart.
Great book, bad search warrantReview Date: 2000-07-18
This book focuses on Waco but also delves into the expansion of federal law enforcement and the effect it has on civil liberties in this country.
As per the United States Constitution, the federal government should have law enforcement jurisdiction over the following acts: piracies and felonies committed on the high seas, offences against the law of nations, and counterfeiting the securities and current coin of the United States.
Something has gone terribly wrong.
Read this book. Then read anything else that David Kopel has written. It will be well worth your time, and you will be well educated about the erosion of our rights as citizens.
A valuable analysis and reference for future reforms.Review Date: 2003-10-31
This book is a "must read" for anyone concerned with civil liberties or law enforcement.

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One Square Mile of HellReview Date: 2008-10-09
One Square Mile Of HellReview Date: 2008-10-01
The author has taken you into the bloody slogging match that was Tarawa, you live through the expierence, imagine being a Marine on a landing craft heading for a beach that you can see, is probably going cause your death, and there isnt a thing you can do about it.
Very scary and realistic
I Now Know...Review Date: 2008-08-06
Tho I am ashamed being an American I never heard of the Island of Tarawa and its contibution to victory against Japan in the Pacific.
I must say It was a great read, altho horrific in how Men lost and how they sacrificed there lives for their country.
The books details on the Marines approach to the island could make you break out in a sweat. It was so intense and brutal.
I am sad to say I dont think we will ever see this kind of courage and dedication in the USA again.
The Men of WW2 were one of a kind and to this I am grateful. For those who gave the ultimate sacrifice so others could appreciate freedom.
To all those who served as well, Thank You!!
Freedom isn't Free!
READ this BOOK America!!!!!!!!!!!!!!
This could be a movieReview Date: 2008-06-28
The Human Factor laid bare...Review Date: 2008-02-29

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Ordinary girl - a magical childReview Date: 2008-09-06
A magical bookReview Date: 2008-03-05
The artwork is wonderful, but the real magic of this book is it's handling of many aspects of being raised Pagan. Young Rabbit has been raised Wiccan by her parents and each of the major rituals and Sabbats are examined from her point of view, as are their understandings of the dieties, how to deal with teasing, and stewardship of the Earth and other people. Stories of everyday life and ritual life are mixed in with explanations of Sabbats and there are great real-life examples of how to bring a child into Circle worship with parents. It makes me wish there was a larger family-centered Pagan community in my area to share with my son.
This is definatly a book written for an American child (it mentions the US more than once), but it would probably be appropriate for a UK Pagan, as well. Excellent resource for Pagan children up to about 3rd grade, for Pagan parents, and for educators or neighbors who have discovered there is a Witch in their community.
Ordinary Girl - A Magical ChildReview Date: 2008-01-15
KIDS LOVE ITReview Date: 2007-09-11
Wonderful book, wonderful writerReview Date: 2008-02-08
All of Lyon's books are fun and down to earth so they can be enjoyed by both children and adults alike.
Not only does she write children's books, but lives the spiritual lifestyle as well.
If you have young children in your life and follow the pagan lifestyle, I'm confident you will not be disappointed in this or any of Lyon's books.
Highly recommended!!
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Something we should all knowReview Date: 2008-03-10
Our Sacred Honor...Review Date: 2007-10-06
One Inspirational ReadReview Date: 2007-05-14
Bennett chose material wellReview Date: 2007-03-26
The greatest generation speaks Review Date: 2006-07-09
In this anthology of the founding fathers' writings in story, letter song, speech and hymn we feel the spirit of a new and great nation and vision for mankind.
God Bless America.

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It all started with game called "Tag your it"Review Date: 2008-03-03
PaytonReview Date: 2008-02-13
EXCELLENT, a must have for all Walter fans. The book is very well written and I just loved it. He was an awesome man and a devoted father and husband. Well done Connie and family!
Walter Payton!Review Date: 2007-11-06
Walter Payton: A True and Genuine Role Model (34)
Payton rocks!Review Date: 2007-10-22
Awesome Book about an AWESOME person!Review Date: 2007-09-08
If you are a true fan, then this book is a MUST own for your home.

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Decent work, but with a typical anti-southern tintReview Date: 2008-08-10
What I find unfavorable (yet again) is the treatment of the South in general. The book is written from the 'all conquering, righteous Union' point-of-view. Take for instance the fact that Missourians fought on both sides. In the book the ones who fought for the North are labeled as "loyal". Are the ones fighting for the South disloyal? No! they were loyal to their state and the Confederacy...
While this book seems to be the 'best' coverage of this neglected battle, it still radiates with the current political correctness we all have to endure. Just tell things like they are (or were in 1862).
A good book, but could be better.
Clearly written, compelling to read, opens a new page.Review Date: 2007-09-18
The South lost the West in this battle; the battle pre-saged many of the tactical innovations of the Civil War. This "sideline" battle is revealed as more important than most realize, an early indication that western battles would yield Union victories.
Shedding light on an overlooked battleReview Date: 2007-07-28
A battle from obscurity...Review Date: 2007-07-14
Earl Van Dorn, recently promoted to commander of the Army of The West, had assembled a strong army and was anxious for success against Curtis's troops. He believed that he could defeat him and launch an overland campaign, against Union held St. Louis, ensuring his lasting fame. He was unprepared for what he would find with Curtis.
Curtis had entrenched his army, along Little Sugar Creek, which rests south of Pea Ridge Tavern along the Telegraph Rd. As the Rebels were wintering in the Boston Mountains, south of his position, Curtis had little worry about Rebels hitting him from the North. Fortunately, Brig General, Franz Sigel, detached from Curtis's army, and at Bentonville, was defeated, and pushed back to Curtis's position and alerted him of trouble in his rear.
Van Dorn's ingenious plan revolved around splitting his army, to traverse Elk Horn mountain, with troops under Ben McCullough taking the Ford Rd, to the mountain's south side, and his troops, commanded by Sterling Price around the north side. They would meet on the Telegraph Rd, north of Curtis's army and push them into Little Sugar Creek - blocking their means of retreat to Missouri. While conceptually, this plan was sound, in reality, the timing proved difficult and Union troops under Osterhaus and Jefferson C Davis, caught McCollough's rebels in the open. Battle followed in, and around Leetown. While the rebels were able to open the battle, their organization fell apart after brigadier generals Ben McCullough and McIntosh were killed on the field. Command of this sector fell to the next general in line, Albert Pike. Pike was leading the Civil War's first brigade of Indians, and was not up to the task. The union forces pushed them NE towards Elkhorn tavern.
Meanwhile, east of Leetown, Van Dorn's main body, unleashed a spectacular attack against Curtis's Union forces at Elkhorn Tavern. The rebels pushed Curtis's troops 1/2 mile south, along the Telegraph Rd. Even with the routing of the portion of his army, now being led by Pike, Van Dorn slept that night, confident that his troops would push Curtis's army into the Little Sugar Creek. This was the mistake that lost him the battle.
The next morning, after assembling his new battle line, Curtis's opened the day with the largest artillery barrage of the Civil War (up to that point). This artillery barrage caught Van Dorn's confederates unprepared. In the excitement of the previous day's victory, Van Dorn had not called up his supply train. Essentially, caught up against the east edge of Elkhorn Mountain, and in the open south of Elkhorn Tavern, Van Dorn's troops had almost no artillery ammunition, and very little ammunition for his infantry. Van Dorn was forced to retreat, east along Huntsville Rd.
Over the coming months, Curtis would pursue Van Dorn's army across north, and north central Arkansas. His victory would assure the Union, that Missouri would stay in the Union.
This book was extremely well written and easy to read. Shea did a remarkable job putting his text into easily visualized format. I was even more impressed with this book after visiting the battlefield, and using his maps, and pictures, to explore the battlefield (if you are interested in viewing my pictures of the Pea Ridge battle field, please email me at michael.noirot@gmail.com).
I highly recommend this book to all Civil War buffs. It will put the battles, west of the Mississippi, into proper perspective.
Michael Noirot
Saint Louis, Missouri
The Gettysburg of the WestReview Date: 2007-03-16
There, Union soldiers from Illinois, Indiana, Ohio, Iowa and loyal Missouri met an equally tough set of Confederates from Texas, Arkansas and Missouri. It was one of the few times in the Civil War that the Northern soldiers were outnumbered. But in the subsequent battle of Pea Ridge in early March 1862, the 16,000-man Confederate Army of the West went down to defeat.
According to the authors, bad luck, uninspired leadership and Maj. Gen. Earl Van Dorn's many outrageous blunders negated the Southern army's numerical advantage. On the Northern side, Curtis and three of his four division commanders maneuvered their soldiers with skill. Even Curtis' erratic second-in-command, Brig. Gen. Franz Sigel supervised a decisive artillery bombardment on the second day of the battle. Three Yankee brigade commanders showed courage and initiative, but at least one unit commander had a yellow streak.
The book devotes a chapter and a map to the preliminary operation in which the Confederates missed capturing a Union detachment that Sigel had carelessly exposed. The March 7 fights at Leetown and Elkhorn, and the March 8 battle at Elkhorn are explained in detail with maps. The Army of the Southwest's later march to Helena, Arkansas is sketched out more briefly. A concluding chapter ably critiques the strategy and tactics of both sides. There is an Order of Battle and extensive footnotes.
Compare this book with Shelby Foote's short account of Pea Ridge in his splendid "The Civil War -- A Narrative." Foote was a great historian, but it sounds like a different battle. To take only one example, Foote says Van Dorn's two pronged attack was planned. Yet Shea and Hess note that the attack was improvised after the Confederate flank march fell badly behind schedule. This is typical of the kind of detail that the authors add to the history of this battle.
My only criticism is a lack of information on weaponry. Except for one Illinois unit, it is not clear whether Union infantry and cavalry units carried rifled muskets, smoothbores, carbines or Colt revolving rifles. The Order of Battle contains detailed data about the type of cannons in each artillery battery, but in one case the text contradicts the OB. For the Pea Ridge battle and campaign, this book is a keeper, despite my quibbling about weapons.

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Great book - couldn't put it downReview Date: 2008-07-22
Can't wait for the next one...this would make a terrific movie.
A Fast Paced Read for the AdventurousReview Date: 2008-07-22
Sequel please!Review Date: 2008-07-10
No deception -this book is solid!Review Date: 2008-01-08
The characters were made real. I'm disappointed that Andrioli will no longer be part of Jordan Sandor's crew but was content when Traiman was finished! I found myself putting a face to each of the carefully crafted characters. Jordan wants what is best for his country and is content to be a quiet hero.
I'm looking forward to future Sandor selections. Please hurry up!
Highly RecommendedReview Date: 2007-12-26

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Comprehensive biography of economist Joseph SchumpeterReview Date: 2008-09-24
"..an economist with a tragic sense of life." Daniel BellReview Date: 2008-08-19
I am not an economist, but I was first exposed to the ideas of Schumpeter in my one year general ed Economics course. This course was taught by one of only two conservative instructors in my whole college education and he was influenced by Schumpeter. (I did take economics in high school which was taught from the Keynesian model.)
That was in 1968, the year the New Deal-Cold War Liberal Democratic Party coalition was itself undergoing creative destruction. Of course, that year, the Vietnam War and the protests were the central focus. But, the Schumpeter seed had been planted in my mind and I began to see the relationships.
My Father, foolishly, as he admitted to me much later, had gotten his old job back after he left the army post World War II. He was entitled to it under the Selective Service Act of 1940. He thought he would be secure as rural passenger train depot agent. But, the railroad passenger service was about to get a creative destruction death blow. In 1954, the Boeing 707 made its maiden flight. In 1958, the Boeing 707 made its first flight for Pan Am. In 1959, he was out of a job. He was a member in good standing of the Order of Railroad Telegraphers, AFL-CIO, but that didn't matter. If you had no customers, then no business, no jobs, and no union. When the business traveler ditched the trains for the planes, that was the end of the railroad passenger service along with 110 jobs per train. (He floundered around for awhile and took a few community college classes and got a better job afterwards.)
Later, I encountered Schumpeter again in political sociology, one of my areas of study in graduate school. As the author notes, Schumpeter attacks Marx on the static nature of his theories of class structure.
For me, McCraw makes two very impressive points about Schumpeter the teacher and scholar. As Teacher, McCraw quotes his student, Paul Sweezy writing that Schumpeter never judged students and colleagues on their agreement with his views. Sweezy called it "the rarest of all qualities in a teacher." I would say its even rarer today.
As a scholar, he mostly stayed out of policy advocacy. He did not seek to found a Schumpeterian school. Many of his best students were Keynesians. It takes a great deal of courage, character, and humility to forego such ego feeding ventures. Perhaps his experience as Finance Minister in the rump Austrian socialist government post World War I cured him.
On a more somber note, it is really staggering the amount of personal tragedy this man suffered in his life. He lost his father at age four. World War I destroyed his country. He lost his mother, wife, and son all within one month. He lost one of his best graduate students at the University of Bonn, Clare Tisch, to the holocaust. He also lost his companion, driver, and caretaker, Mia Stockel to the holocaust along with her husband and sister. His third wife Elizabeth, who had rescued him from deep depression, got breast cancer in the last year of his life.
McCraw does a fine job of weaving Schumpeter's life and writings together into a great biography of Joseph Schumpeter and history of the first half of the Twentieth Century
Intellectual honestyReview Date: 2008-07-04
Brad Angell
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.
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Really realReview Date: 2008-08-30
A BOOK WORTH THE ASKING PRICE!Review Date: 2008-05-14
I personally prefer when an artist joins with their OWN writer and composes their OWN story, instead of waiting for someone else to do it, only to wind up in court desperately trying to refute the ill-refuted claims gathered by 2nd, 3rd and 4th-hand witnesses to something they heard told to their 3rd cousin twice removed.
I agree with Etta, your only TRUE judge in this ball of confusion is God, so why should you apologize to anyone else? Why not put it out there for everyone to finally snicker, whisper and gossip about, and then ultimately get over?
This book is only a grave reminder to everyone who has always looked to "Holly-WEIRD'S" version of a "hero", that perhaps it would be best to look a little closer to home.
Celebrities are only humans, too. Try looking up to the everyday, ordinary people that you see delivering your mail daily, pulling over drunk drivers, extinguishing fires, teaching your children, preaching to your families and saving your loved ones~~instead of people who can never vote (because they're felons), don't own property or their own vehicles, and are barely able to do a better job than YOU at child-rearing!
the etta james storyReview Date: 2007-01-09
a true fighterReview Date: 2007-01-04
Stories of the early days of motown, touring, & musician swapping is exciting and nearly incestuous (so many huge names in music ran the same circuits, competing for musicians, songs, gigs & label attention).
Rage de survivreReview Date: 2008-06-28
I grew up with Motown, Aretha, and Otis Redding, but never heard of Etta James until I was over 50! The singer I know only thanks to YouTube, but what I heard there was so talented it's almost scary: soul and blues, sure, but also country and jazz. I suspect that her drug addiction in the late 50s and early 60s led the publicity industry to shun her. (It was only starting in 1968 that one could do drugs and not get the silent treatment.) I know that this is an "as told to" book, but how many soul musicians have bothered to write any kind of memoir? This book deserves to become a classic of its kind.
Amy Weinhaus sounds fresh and interesting only because Etta James is so little known. Weinhaus's career may be over, and she probably won't live to see 30. James is 71. If I am right, Weinhaus will never have a child. James performs with her sons. Etta, you are one tough momma...

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Best read regarding forgivenessReview Date: 2008-03-08
"Waterboarding" in WWIIReview Date: 2008-08-14
It's now very topical.
It's a very honest and informative personal story, as well
Powerful story of torture, pain and mental anquish washed clean by forgivenessReview Date: 2007-07-09
The treatment of Mr. Lomax was not surprising as the Japanese were ruthless. Putting this experience into such a personal and riveting ordeal makes this book a must read. Eric Lomax puts personal vivid perspective on the years after his ordeal that is often left out of most military history accounts of battle, defeat and capture.
This book is very cathartic and brought tears to my eyes. Forgiveness is a more powerful emotion and triumphs over anger and revenge.
Deeply movingReview Date: 2006-10-12
What Eric Lomax went through as a POW, and his eventual reconciliation with one of his torturers 50 years later displays a depth of humanity that is deeply moving.
poignant today as mukasey is approvedReview Date: 2007-11-02
as every reader of this book knows, this is precisely the torture that was used on the author eric lomax, which terrified and impacted him for his entire life, and made it so hard for him to forgive even the interrogator present during it.
several reviewers have said this book documents how brutal was the japanese treatment of prisoners, and i agree.. how can we allow ourselves to become the same as those wartime enemies we have characterized as monsters? god help us if we do not object..
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