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Kushner's pièce de résistanceReview Date: 2007-08-29
READ this REVIEWReview Date: 2007-08-04
I have been on a self-help book crusade for the past several months. Reading a bunch of these books have helped in finding some understanding to the search for happiness I have been after. After each book, I can say one or two of the points explained in the book have made sense and have some good practical applications to dealing with everyday situations that arise in my life. Kushner's book is by the far the best. He gives you straightforward and understandable examples of the negative behavior that conflict in man's search for happiness.
From the opening pages Kushner had me! He hits the nail on the head when he says the lines "If you ask anybody what is more imporant - work or family? - without a doubt they answer family. But then ask them how much time they spend away from family by putting work ahead of family and making work more important than family obligations." (paraphrased) He has many of these observations that help the reader get some insight into how destructive these behaviors are towards our supposed goal of happiness. I highly, highly recommend this book - READ this BOOK!
Life on life's terms...Review Date: 2007-02-26
Thanks again for getting me the book so fast and in such good condition!
Gary
One of the best meaning-of-life books ever written!Review Date: 2006-12-12
Read by the author. You will read (or listen to) this more than once!
ClassicReview Date: 2006-01-24

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Andrea Carter and the San Francisco SmugglersReview Date: 2008-10-01
Instead, Andi finds she is being sent to San Francisco to study at Miss Whitaker's Academy for Young Ladies. Disappointed, but struggling to make the best of her school term, Andi is drawn to the young servant girl, Lin Mei.
When Andi realizes that Lin Mei is a slave, she is determined to help her escape. Andi finds herself drawn into the depths of China Town, where mystery and danger surround her at every turn. Will Andi be able to rescue Lin Mei?
This is the fourth book in the Andrea Carter series, but is a great stand alone read. The story has enough action and excitement to keep the pickiest tween reader enthralled without realizing that she is learning American history. Andi Carter is a wonderful role model. She displays courage, compassion, and a willingness to treat all people equally during a time period when many groups were not accepted. She stands firm in her beliefs and in her Christian heritage.
My only disappointment was that this book was aimed for tween and teen girls. I am always searching for quality historical fiction for tween boys. However, this book deserves a place in any family library where high quality, Christian fiction is appreciated.
ANDREA CARTER AND THE FAMILY SECRET Review Date: 2008-06-14
This book though it takes place in the past reminds me of my contemporary novel MY SUMMER JOURNAL: THE RESCUE because of its active young heroine who grows in her faith as she deals with very serious adventures. Read complete review at AUTHOR'S CHOICE REVIEWS [...]
You won't be able to put it down...Review Date: 2008-04-01
The characters are fully rounded, but don't come across as "perfect". They call to the reader and engage them to be part of the story, not just onlookers. The imperfections found in the MC (such as impulsiveness, sometimes self-centeredness) reflects actions found in most everyone. THEN, when the MC displays courage, spunk and growth -- the reader is able to connect then, too.
I'm way older than the target audience, but I was also able to relate - not just read! IF Andrea can grow... so can we!
My daughter hasn't been able to put this book down (or ANY of Andrea's adventures!). We'll be waiting in line for the next one!
Donna Earnhardt
Concord, NC
Can You Keep a Secret?Review Date: 2008-02-08
The two secrets turn Andi's life upside down. She's no longer the youngest child at the ranch. Now, there are three younger kids and Andi has her hands full. If you thought the horses Andi loves are wild, wait until you meet these three rascals!
Of course Andi's faithful palomino, Taffy, is back, but when it comes to a fierce thunderstorm, even Taffy has her limits. Andi is left alone with a desperate outlaw and the three kids to discover just how strong her family ties really are.
Writer Susan Marlow shines as she brings Andi through this storm in her life. The timely story line about a broken family and forgiveness is a definite plus, with echoes of the Prodigal Son from the Gospel of Luke. This is a book your kids, grandkids, and even you will love, and that's no secret.
New series for the "tween" in your lifeReview Date: 2007-11-29
Lately, twelve-year-old Andi Carter seems to have a knack for getting into trouble. She never means to be a problem, but there are just so many interesting things to do on her family's California ranch, like watching the new broncos being broken in, that she often gets distracted from her chores. It doesn't seem fair that her family is always upset with her about this.
Andi decides that her family would be better off without her, so early one morning she saddles up her horse, Taffy, and runs away from home. However, if Andi thought life on the road would be easier than life at home, she quickly learns differently. After a horse thief attacks Andi and steals Taffy, she is found by a kind Mexican immigrant family who takes her under their wing. While they want to take her back home, Andi refuses to go until she gets Taffy back. They reluctantly agree to let her travel with them and try to find Taffy as they look for work. Andi soon realizes just how protected her life has been. Will she ever be able to find Taffy and go back home?
Andrea Carter and the Long Ride Home is the first in a series of "tween" books by Susan K. Marlow. Set in 1880s California, Andi Carter is a feisty, likable tomboy who gets into enough scrapes that she should appeal to both male and female readers. History, such as the treatment of immigrants and the details of daily life on a ranch, is blended into the story in an entertaining way. The moral values are clear, but not preachy.
Armchair Interviews says: A good start to an enjoyable new series.

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3 more volumns?Review Date: 2005-11-29
Historically accurate & Wonderful Story-Great BookReview Date: 1999-08-13
BrilliantReview Date: 2001-07-27
Historically accurate, wonderful adventure, romanceReview Date: 1999-08-13
Amongst the best historical fictionReview Date: 2001-07-08

Oh no bear's sickReview Date: 2008-05-22
Bear feels sickReview Date: 2008-03-04
Bear is always a hit!Review Date: 2008-02-23
This series of books is a positive addition to any little one's library.
Oh So Sweet...And Perfect for Flu SeasonReview Date: 2008-02-21
I have always loved Jane Chapman's illustrations and Bear Snores On is one of my favorite picture books. I wasn't as thrilled with the second one in this series but this one is a hit with me.
It's very sweet and thoughtful and stands on it's own.
Very nice!
Another great one from Karma WilsonReview Date: 2008-01-12

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Prepare for the journey.....Review Date: 2007-11-27
Based on my reading of other books by these authors, the guts of COURSE appear to be by Wentworth. The thoroughly delicious inner monologues of the Jao and the descriptive passages of their physique are in that same supple style as seen in STARS ON STARS.
But the first chapter seems to lack pizzaz and most importantly, it lacks a hook to impell the reader foward to the next chapters. Still, once you get past that, you're in for a ride. So strap yourself in tight. Enjoy.
emminently readableReview Date: 2007-03-14
Could have been an earth based war story. Read for fun!
One of the 10 best sci-fi books I've readReview Date: 2007-01-07
For a very realistic take on an extraterrestrial intervention check out the Allies of Humanity.
Gripping alien political intrigue on TerraReview Date: 2006-08-09
"Empire" does take its time establishing the main characters and the situation in which they all find themselves. But the investment in that steady build-up rewards the patient reader as the action revs up to a blazing fire fight in the sun. Don't stop there though. Then comes the Jao Naukra (enquiry/trial/calling-to-account) where consequences including death are risked by the leaders who exceeded the usual boundaries of authority. The forwarding of a "third way" at those proceedings reminds the reader that thinking outside the box may solve seemingly insoluble political/social/species conflicts. And although a courageous young Jao male and human female spearhead the push for groundbreaking changes, "Empire" does not forget that great revisions are often planned for by "elders," sometimes very Machiavellian ones.
This novel meets the very highest sci-fi standards. A sequel of some type would be wonderful -- perhaps set forty or fifty years in the future, permitting Aille and Caitlin to mature in wisdom and power in the reality they help create and their offspring to be the radical thinkers and doers....just a suggestion.
Machiavellian MachinationsReview Date: 2005-12-26
The venue is Earth, at about our present level of technology. The time is about 20 years after an alien invasion. Humanity was conquered by the alien Jao and now lives a precarious existence. The existence is precarious because humans don't really understand their conqueror and the conquerors don't really understand humans. Any infraction is punished mercilessly but there is no rancor in the punishment. There is no rancor except from the alien who commands earth. He hates humanity. That makes the situation tense.
There is a reason for the conquest beyond mere imperial desires. The Jao are at war with the Ekhat. So is everyone else in the galaxy who is not Ekhat. This is for the simple reason that the Ekhat regard all other life as an abomination and wish to cleanse it from the universe. This is not a healthy situation for anyone who is not Ekhat. Unfortunately, humanity does not understand the extent of the problem and many of them do not even believe in the existence of the Ekhat. Many regard them as some sort of Bogeyman used by the conqueror to keep the subject races in line.
The Jao themselves are not completely unified. They are organized into great clans and political alliances and often let those ties overshadow the common good. So it is that the ruler of earth is of one clan and the Jao sent to serve as one of his top deputies is of the clan most at odds with his. This leads to even more clashes of will and ultimate goals.
Although this book deals with conflicts on many levels, it is mostly about indirect manipulations. Human factions try to manipulate each other to their desired goals. Jao factions do the same thing. Humanity tries to manipulate the Jao and the reverse is also true. When larger, even great schemes are laid on top of this cauldron of scheming, things get really complex. It is said that Byzantine court intrigues maid Prince Machiavelli look like an amateur. The machinations in this book put the Byzantines into the same category. It is all wonderfully intriguing.

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Kat Albrecht is the real thingReview Date: 2007-10-10
Good book but not whats expectedReview Date: 2007-01-04
If you want a good read this is a good book. But if you are looking for a lost pet better to go to her website and read the information there.
Wonderful bookReview Date: 2006-04-22
Jeri
Ashburn, VA
Book ReviewReview Date: 2006-03-09
Must Read!Review Date: 2006-01-01
Kat shares the ups and downs of her interesting life journey, sometimes joyful, sometimes sad, with a charm, dignity, wit, and grace rarely seen.
I thouroughly enjoyed this book, learned much from it, and do not hesitate to recommend it highly!

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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.
Collectible price: $15.00

Truly a misunderstood woman.Review Date: 2007-12-19
The book begins with her at 14, and just about to be married to the Dauphin of France. With get a look at what it must have been like to be her, a child bride, and completely unaware of what is in store for her. the famous line when they became the reigning king and queen" we are too young to govern" was probably true.
We see her slowly mature and see through her eyes the country falling apart. What noone realized at the time was it really wasn't all her doing.
Written as though she herself wrote it while awaiting exeuction, we feel sorry for her and that is truly the mark of a great book and a great writer.
My Fave!Review Date: 2005-09-03
Memorable - one of my favorite books of all time!Review Date: 2003-06-15
Exciting, Factual, and Enjoyable readingReview Date: 2006-03-17
Marie Antoinette Vividly Tells Her Story!Review Date: 2003-09-26
The Queen's Confession is told by Marie Antoinette herself. Well, not actually, but how she would have written it. She grows up in the Austrian court under the guidance of her mother, the Empress Maria Therese. She marries the Dauphin of France and deals with the "uncrowned queen", Madame du Barry. Finally, she becomes queen and started the beginning of the end of the French monarchy. Scandal, intrigue, and flamboyancy were never as great, and the consequences are even greater.
This book was wonderful! I actually learned a lot about her (I thought I knew everything!). Also, it is a good book to read if you are in for a good cry.

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A great primary source of Reagan's political thoughtReview Date: 2008-08-23
This five CD set, of around a representative tenth of Reagan's more than 1,000 radio commentaries, represent a unique window onto what Reagan valued, and the situation, from his conservative point of view, of late 1970's America. Topics such as environmentalism, out of control government spending, onerous government regulation, religious oppression overseas and liberal thought in culture and faith are addressed with at times great seriousness, and even better genuine humor.
These audio commentaries by Reagan are occasionally interrupted by former Reagan aides and scholars who give historical context to the subjects Reagan addresses. Former aide Michael Deaver is clear that these radio commentaries were a principle way that Reagan wanted to stay public and active after his eight years as California Governor ended in 1975.
The overwhelming majority of these commentaries were written, researched and edited by Reagan himself. His previous experience with broadcasting and his ability with plain spoken English, that the American public saw on television throughout the 80's, comes over even more clear here. What is most remarkable is his sense of timing. There are a few commentaries that he obviously rushes through, usually when he is reading a letter; but most of them build up to a point and are succinct, even when he points to supporting material.
Yes, Reagan stood against communism, and that is a frequent topic of these radio spots. What most stands out though is his enthusiastic love and and admiration for America, its ideals and its people, spread over a vast continent, yearning to be independent and creative, were it not for liberalism in government and surrounding culture.
This CD set is a great primary resource to understanding Reagan, the late 1970's and what he wanted to accomplish in the 1980's, a time which was most definitely not inevitable from the years that Reagan speaks here. This CD set makes a great companion for car trips and other listening opportunities; and they would make especially great introductions to the time for those too young to remember today.
Just the BestReview Date: 2008-03-26
A real convervative in his own wordsReview Date: 2007-10-03
This should silence the "nay sayers" about Regan's abilities and opinions. All these announcements were written by Regan himself between his term of Governor of CA and President. He clearly laid out his plan of defeating communism. It is amazing to hear how a "true" conservative thinks.
Each section is set up and reviewed so that you know the actual context in which Regan was speaking.
It was a true pleasure to hear Regan's views on Government, Freedom of Speech, and faith in the American people.
This series is a must for anyone who doesn't understand what it means to be a conservative. I just wish our current President (George W) would listen and practice Regan's example of what it means to be a conservative.
Ronald Regan knew how the world works, and the role the US Government should play in the lives not only US Citizens, but to the entire world.
Ronnie, we miss youReview Date: 2006-09-30
He was the greatest president of my lifetime.
First rate audio. First rate documentary. First rate ideas.
Simply AmazingReview Date: 2006-02-19

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Spanish in 10 Minutes a DayReview Date: 2008-05-22
Great ProductReview Date: 2007-09-20
I am thrilled with Spanish in 10 minutes a dayReview Date: 2007-12-31
Spanish in 10 Minutes a DayReview Date: 2007-12-11
A great way to study SpanishReview Date: 2007-08-31
The book has flash cards and sticky labels that now adorn lots of common objects around our house. It seemed like a bit of a hokey idea at first, but it's really helpful to see "el lavabo" every time I go to the sink -- that sort of thing.
I recommend this product wholeheartedly. I had almost no knowledge of Spanish when I started with this a couple of months ago and now feel like I can communicate, at least on a very basic level.
Related Subjects: Kemp, Shawn Kerr, Steve Knight, Brevin Kidd, Jason
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