Taxation Law Books

This book was not informative at all. There was no insight into the legal aspects of the music business. I was extremely disappointed in the content. This book was all about entertainment law in California. It did not give an overview of business law or business law practices. The title is quite misleading! Please do not waste your money on this book. I will give you mine if you'd like to have it. I will probably donate it to the library. I am sure that you will feel the same way that I do once you purchase this book...disappointed! Find another book to purchase that will live up it its name. This one did not!!

When my Entertainment Law professor told his partners that he was going to start practicing Entertainment Law they weren't quite sure exactly what it was he was doing. They called it "Voo Doo Law", and honestly, it's not entirely untrue.

As in any business, agreements are necessary to hold parties accountable, define rights and responsibilities, and to give all parties terms they can reasonably rely on so that business can move forward. The Music Business is no different, but it has its own peculiar quirks, traditions, and problems.

This book takes all kinds of agreements between the many parties required to make a profitable, creative musical endeavor. The Author goes through band incorporation agreements, management contracts, recording and publishing agreements and explains them in ways that will benefit everyone from the aspiring 'band manager' to the experienced attorney looking to get a grasp on a new field of law.

Mr. Schulenberg examines every area of music contracts and gives plenty of demonstrations of contract language benefiting the Artist or the parties with whom the Artist is dealing.

This book also does an excellent job of addressing copyright and trademark law applicable to the music industry and giving thoughtful examination of how the digital download phenomenon is affecting the business in general.

Many people get al excited when they first try to get into the music business only to get shot down by the many intricate twists and turns involving all the legal aspects of running a record label. Mountains of forms and paperwork with no understanding slowly stack up on the producer's desk with no end in site. The situation is a cry for help and that help comes in the form of information, information obtained by reading this very interesting book that details all that is involved with law aspects of this kind.

This book was so boring but it is necessary and I'm glad it exists. You do need a lawyer to absorb it or at least when you're negotiating your own contract. Reading it made me feel smarter and more boring. I could have done without the cheesy quotes. The other thing that gets me is that I have been offered contracts that look nothing like what's in this book by the same people that are on the "Billboard" chair committees etc. so it makes me wonder if what is published here is truly "industry standard".

This is (for the most part), clearly written in a straightforward manner, but you'll waste a lot of time if you don't already have a foundation.

Prerequisites:

1. "Everything You Need To Know About The Music Business" (Donald Passman)
2. "Music Law: How to Run Your Band's Business" (Richard Stim)

Kraemer's Estate Planner can motivate you to begin what you have been putting off for a long time by helping you understand your way through the maze of complex legal and tax issues, leading you step-by-step through your decision-making process to solve your estate planning challenges.

Begin with the 9-page Inheritance Information Form on page 186--completing it will be a real eye-opener for you and a God-send for those destined to sort through your estate after you are gone.

The book is also logically divided with Part One taking you through preparatory personal and tax considerations, clearly outlining actions with guidelines to successful estate planning with solid information to demystify tax planning; Part Two discussing possible estate plan options for you to consider to create trusts and avoid probate; and Part three exploring personal values decisions that move beyond money and property into elder care, living wills, and funeral instructions.

This book is a lot like a recipe book: you determine the value of your assets and that will tell you exactly the documents you need to protect your estate. This is what makes this book stand out--you know exactly what you need and can save a lot of time and money by not having to pay a lawyer to determine this. I highly recommend this book to anyone who wants to know what they need before they start getting billed by the lawyers.

This book does not belong in the "real Estate" classification

This was the least helpful of the estate planning books I've recently read. It did have a lot of helpful information but the book is full of fluff, lot's of it. If you cut out the fluff there might be 50 pages worth of useful and helpful data. There are much better books on the topic of estate planning available. My opinion is that if you don't already have this book in your estate planning library, then you don't need it. Your money will be better spent elsewhere.

This book assumes you already know a great deal about estate planning terminology. Definitely NOT for beginners. Also glosses over terms without enough detail and explanation.

I was very pleased with the uncomplicated and convenience of no hassle service. I was very pleased.

Definitely an enjoyable book that gives insight into the behind-the-scenes details of congressional politics. "Showdown" is a great book if you are interested in the nitty-gritty details of lobbying or Congress and Birnbaum and Murray provide a knack for detail (and humour) rarely found in today's books. Written in '86ish, and still a classic. A great supplement to "The Power Game" by Hedrick Smith.

I'm having a hard time believing the reviews I see here. Gucci Gulch is by far one of the most boring books I've read this year. Perhaps, it's because it was required literature for Intro to Poli Sci, but that's beside the point. This book is too detailed. I agree with the comment where it should have been condensed, but I want to stress that this information cannot be found elsewhere without intense research. I commend the author for his diligent work, but this book just wasn't for me. It's 291 pages on the Tax Reform of 1986. If that's your cup of joe, I would highly suggest it. Avoid it if you are a casual reader.

the best book I was ever required to read for a class

Tax laws may have changed, some of the main actors are serving jail time, but it doesn't matter. This is the best case study of congressional decision making available. I still use this in courses because there is no better example of the tension between political horse trading and genuine reformist impulses available.

Is it detailed? Of course it is: the back and forth in the Ways and Means committee, for example, illustrates the kind of negotiaions that are the bread and butter of policy making.

Is there material that is "in the encyclopedia?" That is silly. There is little there that is basic review. In fact, anyone who found this boring probably does not know the basics of congressional procedures -- that is not the goal of this book -- or has a professor or teacher who does not know how to link a journalistic case study like this with the textbook or scholarly treatment of Congress.

A classic.

The author presents Adam Smith and Thomas Paine as perhaps the book's two greatest heroes and cites them extensively. Yet, in apparent zeal for the rights of the wealthy, the author throughout the book disdains progressive taxation, tax exemptions for the poor, and estate and inheritance taxes, arguing that "All wealth, labor included, should pay its share of the cost of maintaining the common government. Even in ancient Rome, widows and orphans paid their small mite, and their contributions were set aside to provide uniforms for the cavalry." The author conveniently ignores what Smith and Paine had to say on these subjects.

Smith thought that taxing the wages of labor and/or consumption taxes on the "necessaries of life" (construed broadly to include what was necessary not just for bare subsistence but for "decency") was inequitable, inefficient, and "absurd." He also wrote in Book V of the Wealth of Nations:

"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

Thomas Paine in later life extended his critique in Common Sense of inherited political power to a critique of inherited economic power. In his pamphlet Agrarian Justice, Paine argued for the adoption of an inheritance tax to balance out the unfair distribution of "landed property." For Paine, it was common sense that God gave "the Earth as an inheritance" to all of God's children. Paine proposed that the inheritance tax be used to create a national fund that would give a specified sum to everyone turning 21 years old as compensation for the loss of their natural birthright to joint proprietorship in the Earth.

Those Dirty Rotten Taxes is, as the title implies, polemical in nature. Adams has strong views and does not shy from expressing them. Adams claims that excessive taxation was central to American history. There is much truth to this claim. The American War of Independence was driven largely by taxation, but not merely the absolute level. Taxes had been higher in colonial America, the colonists objected to arbitrary taxation without representation, not just the absolute level of taxation. That being said, Adams is still on to something important. Unjust taxation does serve to motivate political action. Tax revolts became less common and more tame with the passage of time precisely because many Americans have come to accept and even embrace our current tax system. That is, many Americans need to be shaken out of their complacency and delusions. The hard hitting prose of Those Dirty Rotten Taxes should be effective in its capacity to motivate the complacent. Delusional leftists are harder to deal with, as they tend to be dogmatic, if not intellectually dishonest. Be that as it may, Those Dirty Rotten Taxes is great as a polemical history of American taxation.

~Those Dirty Rotten Taxes: The Tax Revolts that Built America~ by Charles Adams who is a tax historian of sorts. Adams has pieced together a masterful historical journey into the realm of American political economy. He illustrates how Alexander Hamilton destroyed his own Federalist Party with confiscatory taxation. He shows how confiscatory tariffs provoked the South Carolina nullification crisis and eventually destroyed the voluntary Union, and put it on a collision course leading to the American Civil War. Therein, Charles Adams makes a powerful case that when the government engages in confiscatory taxation, then it provokes perilous consequences from diminished economic opportunity to fomenting taxpayer rebellions.

The United States' history has been one of tax drudgery in the twentieth-century. First, the 16th Amendment passed, and gradually the tax rates climbed to astonishing rates. Then productive enterprises (or as accountants call them, c-corporations) were subjected to double taxation. In fact, after Comrade Roosevelt took office, the top marginal rate was once as high as 92%. Naturally, Ronald Reagan said he just take off work and played golf for a half of year rather than work as an income tax slave. The top marginal rate fell to 70% in 1963. Gee, how generous of that extortionist Uncle Sam to let just take 70%. The Laffer curve, which is just plan common-sense anyway, holds that there are diminishing returns for higher tax rates. So, when the level of taxation approaches higher rates, it actually lessens the revenues of the government. It's not even desirable that the government maximize revenues on the Laffer curve. Liberty and economic prosperity should be the ultimate end! If our enlightened American political leadership had any sense of tax equity at all, taxation would never exceed 10% of the GDP nor would the public sector's share of the economy.

"The income tax is fulfilling the Marxist prophecy that the surest way to destroy a capitalist society is by steeply graduated taxes on income and heavy levies upon the estates of people when they die."
--T. Coleman Andrews, former IRS Commissioner

Author Charles Adams is a former lecturer at UCLA and a tax consultant with the CATO Institute, a Washington D.C. Think Tank. He has written many publications on the subject of taxes, with most all of them attacking the present system of income tax and discussing ways to improve the system of internal revenue collection.

This book is mostly a lesson in history and it explains in detail how certain taxes came into being and how the American people reacted. Much of the coverage here is old news, like the Sugar Act, the Stamp Act, and the protests that led to the American Revolution. But then there are other taxes that are not so well- known, like the tariffs that led to the Civil War in the 1800's. Most people think the Civil War was fought over slavery, but this was only one reason among many. Adams shows how Lincoln deliberately used taxes to antagonize the South, leading ultimately to war, which was exactly what he wanted.

The income tax is the one that most Americans know best, because it's the tax that everyone pays at present. Woodrow Wilson was president when the income tax became law. Officials who passed the tax swore that it would never be greater than a few percentage points and it would never be levied against anyone except the very wealthy. Of course, as everyone knows, this was a blatant lie to sell the plan to the states and to the general public. Once the ability to tax was in place, it was only a matter of a few years before it expanded and grew to several times the original level. Adams talks at length about the deceptions used by politicians to get this and other taxes enacted.

Adams spends most of the book talking about the income tax and possible alternatives to the tax. One part of the book is titled "The tyranny of the income tax, 1913 to 199?". This book was published in 1998. Adams was being very optimistic if he thought the income tax would be a thing of the past only 1 year after he published his book. The use of the question mark shows his optimism that the income tax will be replaced with a different system of taxation at some point in the near future.

This book is a fairly quick read. The print is larger than normal and many of the pages include illustrations, with political cartoons and photos from the past, mocking the government's position on taxation. The cartoons are mostly humorous in nature, and they depict different political figures and other people talking cynically about different taxes and their affects on the people.

Overall, this is a good book about the issue of taxation and rebellion. It's obviously biased against taxes, but author Charles Adams maintains a level of respect throughout, stating some of the facts about taxes and offering up alternatives to the present system. He doesn't resort to name- calling, like some other authors. You can tell that Adams is no friend of taxation, but he basically lets you, the reader, decide for yourself about this difficult issue and how it has affected Americans from the early days of the republic.

This book is for general reading and should not be confused with a scholarly history of taxation. It is a series of chapters that are brief retellings of various historical incidents involving citizens resisting taxation in various ways or citizens being made to suffer through taxation programs. These tellings do have a point of view and historians may find some of them rather blunt and ignoring certain subtleties that might mitigate some of the author's point of view. However, in total the book does make its point that it is up to the citizens to hold the government responsible for its spending and the taxation it levies to pay for that spending.

While I abhor taxation beyond what is absolutely necessary, I think all the arguments about taxes actually function to distract us from the real thing we should be debating and that is government spending. The problem is that the modern state has so many of us on the receiving end of this or that program that we will resist any program that decreases the increase in our program's spending (let alone any actual cuts). So, when someone proposes ANY cut in spending, those being cut raise a loud resistance effort to defeat it. This is why we try and starve the government by cutting taxes - the hope being that the starved beast will not be able to increase the handouts without limit.

Anyway, this can be an entertaining read. There is a list for further reading and an index. Just don't take everything in here as gospel.

This supplement clearly describes all the major topics covered in a corporate law class. I found it especially helpful in distinguishing between duty of loyalty/conflict of interest issues and duty of care/business judgment rule situations. All the rules are clearly laid out and show the reader when the various tests should be applied. If you are overwhelmed by the large amount of information you're expected to master in a BA/corporations course, this supplement will help you organize that information and give you some perspective on how to manage all the info you're expected to know.
I highly recommend this book.
Also, in case it's not obvious, there's nothing on agency and partnership.

I thought that this was a clear as well as very comprehensive study guide that included everything I needed. I primarily used the study guide to clear up areas that confused me as well as to add in missing pieces to my outline based on class notes, and it was great for that. I generally don't find commercial outlines to be that helpful, but this was an exception.

This book simplifies corporations law and gives concrete examples and good summaries.

However, be aware that the book is in many places completely out of date and cites sections of statutes that were changed 12 years ago (even though this edition was published in 2002). You'll have to check constantly in your statutory supplement and in your case book to make sure that what you're reading is up-to-date.

It's hard to understand, really, how an author could fail to update sections of a book over such a long period especially an author with a law degree who is, therefore, giving outdated legal advice).

That all being said, the meat of the book is well done.

I agree with a previous reviewer; this book is surprisingly outdated despite being published in 2005. As a specific example, pages 106-07 refer to Rule 14a-1(k) even though it was changed to Rule 14a-1(l). And it states that a newspaper advertisement is a proxy solicitation even though that was largely overruled by Rule 14a-1(l)(2)(iv)(A) in 1992. So be careful about relying on this book.

I cannot imagine getting through my exam study for corporations without this guide. It gives a very clear explanation of the topics that were covered in class. It is very helpful to people only taking corporations because of the bar exam rather than a specific interest in practicing in this area. One caveat - unlike some other outlines, this text does not specifically brief any cases, so it is still essential to keep up with the text and attend class.

I recieved my book and there are pages missing. Page 518-551 are gone. I have called your company three time to have this issue resolved but everytime I am told the computers are down and that they cannot look at my account. This has been the worst buying experience. I am trying to take a class and missing these pages is really messing me up. I expect somone to fix this error. I find it hard to believe that the computers at a dot com company are down everytime I call!!!!!!

We used this book for our senior level construction law class and it was a fantastic textbook. I feel that the reading was very thorough when presenting topics and the homework problems really reinforced the reading. This is a great text to own, especially when dealing with a professor who likes to throw a whole lot of back and forth debate with the class. *A must for anyone entering the construction insutry* -M.

Excellent Book, It a wealth of Materials and mandatory reading for Construction Management program at the University Of Washington Master Program in Civil and Construction.. The material is spot on for Construction management

First, I am not a lawyer, but a praticing design/ contruction professional. I have used this book for years. I find it very well written and easy to use. I have loaned it to so many lawyers when thing get tight that I don't remember all of them. I highly recommend this book for anyone who has to deal with contracts and construction. When things start to go sour, its a great resource for all parties involved.

This is probably the most comprehensive construction law book I have ever read. It is an absolute must for a law student taking construction law.

Billy Tauzin is as close to a piece of garbage as it is possible for a human being to become. Watch 60 Minutes' Under The Influence to see how he forced through the Medicare Drug Bill that prevents Medicare from negotiating drug prices with the pharmas. Very shortly after the passage of the bill, he took a $2 million a year job with the pharmaceutical industry.

What kind of politician votes for a bill that (by forbidding price negotiation) forces up the price of medicine? Answer: this administration's Republicans! When seniors are choosing between buying food or prescriptions, that's your contribution to society, Mr. Tauzin. I can only hope that one day you realize what a pathetic excuse for a man you are.

Tauzin presents a well thought out proposal on how to more fairly collect the taxes which pay to do the people's business. Just think! April 15th would be just another day. No more living in fear of an IRS audit. Every worker in America would see an approximate 30% increase in take home pay. What could be better than that. Low income workers would find it easier to save for retirement. Think of the job creation which would result from the subsequent elimination of capital gains taxes. Think of the family owned businesses which would carry into the next generation because of the elimination of the inheritence taxes. It's a win-win situation for everyone but the government. They lose the control of being able to tell you how to spend your money.

Michael D. Caldwell

Keep all you earn. The government financed by a uniform, nationwide excise on the articles of consumption. Each product taxed only once. Pay excise (tax) only on the new goods. Buy used goods tax-free. Save or invest tax-free. In a nutshell: no one pays any taxes till they really can afford it. The highest amounts of taxation paid only by those who can really afford it. What could be more fair? No withholding; no paperwork; no hassle; no IRS; no more of the collosal waste of time and effort and resources, as is in the case of the present practice of taxation on incomes.

Billy Tauzin is another republican with some good ideas. The problem is that his party stands for nothing in particular. Yes, they have their tendencies, but they don't have principles.

We have a republican majority, but we don't have republican agreement on anything important. Nothing's more significant that our income tax problem. Having a graduated income tax was not an idea ever promoted by our founders. It came from Karl Marx. It punishes achievement. It was invented to crush ambition.

So Tauzin will go in and argue for this NRST, but he'll leave out the step of first repealing the 16th amendment, so then we'll get the worst of all possible scenarios: an NRST and income tax running at the same time-total slavery.

Nobody disagrees: The current Income Tax system is a mess! More and more people also are agreeing that Rep. Billy Tauzin (R-LA) has a sensible solution to fix it... no, let me be more precise ...he has a sensible solution to REPLACE it, and abolish the IRS, to boot!

His book spells it out clearly. It's easy to read and easy to understand. The kind of no-nonsense book that is fitting for his no-nonsense Tax Reform plan.

I believe that Tauzin (and the 18 bi-partisan co- sponsors of his Bill) have got it right and Tauzin has done a yeoman job of setting it forth in his book. He makes the case convincingly. Every taxpayer in America should read this book! There is a better way and Billy Tauzin shows us that way! -Cliff Cofer

From deductions for home-based businesses to independent contractors and equipment purchases, Smart Tax Write-Offs combines a checklist of possibilities with chapters outlining hundreds of tax deduction possibilities for entrepreneurs in this newly revised third edition for 1999 and 2000..

Concentrate on net not gross; what is important is how much you keep. Every business needs all the deductions it is entitled to. If you are self-employed or run a small business, searching for deductions is fun. And it is your money.

This 128-page book lists and explains over 700 deductions a business owner is legally entitled to. For coverage, click on Table of Contents in the left-hand column of this page.

When I was just starting out in the business world, working for someone else, I vowed to learn about deductions. Each year, I wrote down every cent I spent, including each penny in the parking meter. At the end of the year, I totaled my expenses and send the totals to a tax preparer. I was amazed at how much money I got back from the IRS. That taught me some lessons: Keep (accurate) records, use a tax preparer and get your money back.

Norm Ray is a CPA and an experienced home-based business owner. He has been in your trench and is well-equipped to advise you on financial matters.

As a (self-employed) author of 113 books (including revisions and foreign-language editions) and over 500 magazine articles and a consultant to the publishing industry, I recommend this book to writers, publishers, the self-employed and small business owners. DanPoynter@ParaPublishing.com.

This book (It's really more of a pamphlet) is all of 65 pages in length (Actually it's not even "all of" 65 pages -- There's a lot of conspicuous double spacing as well as a blank page in each chapter for "Notes"). The remaining 56 pages contain mostly silly checklists as well as the index. The information provided is basic and, in most cases, extremely obvious. If you're looking for some really interesting ideas, this is not the place to look. This is the type of information you will find in just about any mainstream magazine around tax time.

I bought this book because of the catchy title. The book is 120 pages long with very trivial tax tips. On top of that, almost haft of the book is blank space. I bought this book with certificate. Now, I got stuck with "smart" book. Oh well, smart for the author, stupeeed of me.

Authoritatively written by a Certified Public Accountant Norm Ray who draws from his more thirty-five years of professional experience, Smart Tax Write-Offs is now in an updated fourth edition and presents the reader with a straightforward collection of advantageous guidelines and suggestions which small business owners can utilize to save money. Thirty pages of this brief yet practical guide are devoted to an extensive checklist of common items that can be considered business supplies and deducted to save money. A highly recommended "must-read" for home-based businesses, independent contractors, freelance entrepreneurs, and small business owners, Smart Tax Write-Offs will prove to be one of the best financial investments any taxpayer can make in today's economically stressed times.

This is a required textbook for a "Retirement Planning" course I'm taking in a Financial Planning program. In my opinion, the instructor made a poor choice. The book is poorly-written and quite cumbersome to get through. This could be such a good book considering the topics covered. But it is so poorly-written that I just can't seem to concentrate on the information contained therein. The only good thing I see about this book is that the chapters are short, thus one can get an idea about various topics, such as Social Security or IRAs, for example. But the book is fairly general, and when it should contain more detailed information, it fails in its presentation. Personally, I would not recommend this book. I'm sure there are much better books on Retirement Planning out there. Don't let the cool chick in her Yoga pose fool you.

This book was assigned reading for a CFP cirriculum. Presentation is somewhat uninspired, but the text does seem to contain a lot of detailed reference information.

I was somewhat offended by the presentation of "reasons for retirement plans" -- the text seemed to advocate structuring plans to benefit the business owners and key employees, while leaving the rest of the employees with as little benefit as possible. As a teaching text, I agree that it is important to understand the factors that impact these distributions, but the authors' attitude seemed to endorse this practice.

This book is difficult to use for studying for the CFP exam, because it is essentially unindexed. The topics are not very thorough, and so I found it hard to answer questions in my homework even after carefully perusing the relevant chapters. I think what is missing is enough analysis to help you APPLY the rules.

I am not sure that it would be much more useful for an employee benefits manager.

I needed this book for a Retirement Planning class in preparation for a CFP certificate. The book was a better value than from other sources, and I received it in time for my first class. This is my third class in Financial Planning and the text seems to be aimed at the practitioner in the field; so, it is somewhat difficult. However, it is very complete.

I am enrolled in the Certified Financial Planner designation program. Tools and Techniques of Employee Benefit and Retirement Planning is the textbook for the Retirement Planning module. I found this to be the most useful and practical textbook in the course. It is a book that will remain on my shelf for future reference long after I finish the designation program. The information in the textbook in written in a practical manner. It is easy to understand, well-organized and to the point.

I have enjoyed other writing by Judge Bork. Unfortunately, in "The Antitrust Paradox" Judge Bork misinterprets the word "efficiency" as it applies to antitrust law. U.S. antitrust law was designed to advance Pareto or economic efficiency, not business or productive efficiency. That misunderstanding leads Judge Bork to propose, in essence, the following Carrollian extended syllogism:
Antitrust law advances "efficiency" and condemns monopoly
Consumer welfare is the goal of antitrust law
Consumer welfare is advanced by lower prices
Monopolists are more "efficient" and provide lower prices
to consumers by economies of scale
Monopolists advance consumer welfare
Monopoly is "efficient" and should be legal
Lest we forget, John D. Rockefeller lowered the consumer price of kerosene approximately ten-fold while he was crushing smaller competitors. With all due respect to Judge Bork, I don't think that is the type of "efficiency" a free, commercial society needs.

In the Antitrust Paradox, Judge Robert H. Bork gives a fascinating, though demanding, review of the most important antitrust issues in the United States. The central, pragmatic thesis of Bork is maximization of consumer welfare (also called economic efficiency) and not the protection of small businesses in addressing any antitrust issue. Unfortunately, the legislative, executive and judiciary branches of power as well as the practicing bar have not always shown consistency in making, interpreting, and applying antitrust rules. The main reason for their shared sub-optimal performance in that area is the too-often absence of a rudimentary understanding of market economics according to Bork. As a practicing marketer and lawyer, I agree with his observation. Law and economics are two complementary disciplines that should be taught together as part of the academic requirements or at least whose teaching could be made optional at the undergraduate level in our universities.

The Antitrust Paradox is the most important book on antitrust ever written. It is a scholarly, yet accessible, examination of the nation's antitrust laws, the history and policies behind them, and their application from their inception to today. Through the book and the policies advanced in it, Judge Bork has had a profound impact on antitrust scholarship and practice. As a result, the book is essential reading for antitrust practitioners, scholars, and those having any interest in the subject. Truly a seminal work.

When you read this book, keep in mind Bork sold out to the populist critics of Microsoft for a fee, and repudiated this book. Which proves that economic theory is great at the macro level, but, at the micro level, game theory beats out.

This is why gains for many are cancelled out by gains for a few that are willing to lobby government (or serve as expensive consultants to their paymasters, as in the case of Bork)

And why economics is but an extension of politics, and, at the end of the day, even inefficient economics can propigate for years, decades, centuries and even millinieums (India, China).