Wage & Employment Patterns in Labor Contracts: Harwood Fundamentals of Applied Economics

Customer Reviews:

CFA pre level 1.......2006-02-01

As the book says. it is pre level 1. the book took me about 12 hours to absorb fully. I am a college senior and so far most of the things in this book is pretty much very general. It is worth your time to read this book before jumping into the CFA curriculum but not worth it to purchase this book. Go borrow it at the library.

Mediocre Prep. Tool.......2004-10-25

CFA Basics would be best utilized by a potential CFA candidate who has not partaken in formal education for over five years and needs a quick review of finance basics.

This book is definitely not a good 'litmus' test of the caliber of matter you must conceptualize during your candidacy. If the material presented in this text was difficult for you to conceptualize you may be better off investing in something other than the CFA's rigorous charter process.

Big Rip Off - Stay Away.......2004-09-15

If you are planning on taking the CFA, DO NOT WASTE YOUR MONEY ON THIS BOOK. Although it is marketed as a CFA guide, it is not.

As the small font states (but you do not see on the web site), this book has materials that are so basic they are to be read BEFORE you study for the CFA exam. Actually, if you learn anything new from reading this book you should be thinking about enrolling in a GED program rater than taking the CFA exam.

Don't waste your money, and simply buy the books that AIMR recommends.

not worth...........2004-06-27

I agreed with the other reader. This book is really not worth the money. This book might be useful for high school students, but definitely not for college students, particularly for the people who are good at math.

Worth the effort to read.......2002-12-31

This book does a great job reviewing all the basics of business, accounting, finance and statistics at a beginner's level. The book is very easy to follow-especially if you have a little business background, but at the same time teaches you quite a bit in a short amount of time. It took me about 10 hours to read the entire book and work all the problems at a leisurely pace. If you are looking for a book that will fill in a lot of gaps in a short amount of time, I would definitley recommend this book as an introduction to your CFA level 1 studies.

Book Description

Surveys reveal that a majority of Americans believe government is run for special interests, not public interest. The increased presence and power of lobbyists in Washington and the excesses of PAC and campaign contributions, in-kind benefits, and other favors would seem to indicate a government of weak public servants corrupted by big private-interest groups.

But as Fred McChesney shows, this perspective affords only a partial understanding of why private interests are paying, and what they are paying for. Consider, for example, Citicorp, the nation's largest banking company, whose registered lobbyists spend most of their time blocking legislation that could hurt any one of the company's credit-card, loan, or financial-service operations. What this scenario suggests, the author argues, is that payments to politicians are often made not for political favors, but to avoid political disfavor, that is, as part of a system of political extortion or "rent extraction."

The basic notion of rent extraction is simple: because the state can legally take wealth from its citizens, politicians can extort from private parties payments not to expropriate private wealth. In that sense, rent (that is, wealth) extraction is "money for nothing"--money paid in exchange for politicians' inaction. After constructing this model of wealth extraction, McChesney tests it with many examples, including several involving routine proposals of tax legislation, followed by withdrawal for a price. He also shows how the model applies more generally to regulation. Finally, he examines how binding contracts are written between private interests and politicians not to extract wealth.

This book, standing squarely at the intersection of law, political science, and economics, vividly illustrates the patterns of legal extortion underlying the current fabric of interest-group politics.

Customer Reviews:

Excellent Addition To Tullock's Work On Rent Seeking.......2001-10-03

Fred McChesney's book "Money For Nothing" builds upon public choice economist Gordon Tullock's work on how lobbyists obtain economic benefits from politicians. While Tullock's theory - known as "rent-seeking" - is gaining mainstream appeal, many economists now offer similar explanations for other aspects of legislative behavior that aids some interest groups while harming others. McChesney's theory of "rent-extraction" breaks new ground not yet covered by these economists.

McChesney defines rent extraction as "the political practice of extorting payments from private parties by making threats to expropriate wealth." In other words, he claims that politicians can take money from citizens by threatening to harm them and accepting bribes in the form of campaign contributions to leave them alone. He points out that if individuals have accumulated wealth and wish to keep it away from the government, they will be willing to pay politicians to leave them alone until the costs of doing so exceed the benefits of doing so.

Therefore, while Tullock's theory involves politicians accepting payments to create political favors in the form of rents, McChesney's involves politicians accepting payments to avoid destroying existing private rents. He explains the differences between the two by stating: "With the former (rent-creation/bribery), the beneficiaries of political action compensate the politician for increasing their welfare. With the latter (rent extraction/extortion), persons whose welfare would otherwise be diminished by political action compensate the politician for not effectuating that diminution."

He does point out that constitutional protection of private property and freedom of contract can prevent politicians from acting upon their threats. However, he claims the erosion of these protections has made the problem much more severe during the late nineteenth and twentieth centuries.

To support his view that rent extraction imposes enormous costs on the economy, McChesney provides a wealth of evidence from recent policy debates. For example, he cites the United States Federal Trade Commission's efforts - at the request of Congress - to impose warranty and defect disclosure requirements on used car dealers as an attempt by individual members of Congress to obtain campaign contributions in exchange for voiding the rules. In this instance, he provides statistics on contributions made by the National Auto Dealers' Association to members of Congress who voted to repeal the regulations. In discussing the Supreme Court's response to the wheeling and dealing, he points out that the dealers were essentially tricked into paying to repeal legislation that Congress never intended to enact anyway.

On the Clinton health care plan, he states that stock prices of pharmaceutical firms began to fall before the policy was formally proposed. He emphasizes that investors knew that once price controls became an issue, the firms involved would have to spend money fighting the legislation by making campaign contributions. Thus, the firms were expected to lose enormous sums of money whether or not the bill was actually passed. Most importantly, he points out that the firms were never able to recover any of the money they lost in the process.

In addition to legislative threats to impose price caps, he cites situations in which politicians threaten to repeal existing price caps to obtain contributions. For example, he states that proposals to raise admission fees at Yellowstone National Park have met with resistance from local merchants and users who benefit from lower prices. In other words, politicians can even threaten regulatory systems that they inherited from previous regimes in order to extract contributions from the firms that benefit from those systems.

McChesney relates his theory to law and economics by applying the Coase Theorem to his logic. He claims that, in a world without transaction costs, there would be no regulation because markets would allocate goods to their highest bidders. Therefore, in his model, the existence of regulation is treated as a political market failure in which private individuals fail to accurately appraise the credibility of threats made by politicians.

McChesney offers a simple, straightforward way to make sense of much of the regulatory excess observed throughout the economy. Although his treatment of tax code reform may require some clarification, his model will eventually enjoy the same mainstream appeal that has been afforded to Tullock's over time.

Keen and Original Analysis.......1999-07-17

Fred McChesney here develops his original idea of rent extraction -- and it's an idea that renders understandable much of what the government does. (Want to know why the NRA and politicians perform a perpetual, public dance with each other? Read this book. McChesney's explanation will surprise you.) This book is a marvelous example of the best in public-choice scholarship: clearly written and cogent.

A must read for those interested in the way politicians work.......1998-03-15

What motivates politicians? How do they act? If you are interested in those questions your should read this. The author starts from earlier work in the area by Stigler and Posner - but then extends their models in a number of areas. McChesney has a remarkable ability to take a complex area of economics (public choice) and write in an interesting and understandable fashion. This book is probably going to be read mostly by academics but deserves a wider audience.

Money for Nothing: Politicians, Rent Extraction, and Political Extortion.: An article from: Independent Review

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Money for Nothing: Politicians, Rent Extraction, and Political Extortion.: An article from: Independent Review
D. Eric Schansberg
Manufacturer: Independent Institute
ProductGroup: Book
Binding: Digital

General | Politics | Nonfiction | Subjects | Books

Book Description

This digital document is an article from Independent Review, published by Independent Institute on June 22, 1998. The length of the article is 1554 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Money for Nothing: Politicians, Rent Extraction, and Political Extortion.
Author: D. Eric Schansberg
Publication: Independent Review (Refereed)
Date: June 22, 1998
Publisher: Independent Institute
Volume: v3 Issue: n1 Page: p128(4)

Article Type: Book Review

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A new economic theory of regulation: rent extraction rather than rent creation. (1999 Survey of Books Related to the Law) (book reviews) (book reviews): An article from: Michigan Law Review

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A new economic theory of regulation: rent extraction rather than rent creation. (1999 Survey of Books Related to the Law) (book reviews) (book reviews): An article from: Michigan Law Review
Douglas H. Ginsburg
Manufacturer: Michigan Law Review Association
ProductGroup: Book
Binding: Digital

Book Description

This digital document is an article from Michigan Law Review, published by Michigan Law Review Association on May 1, 1999. The length of the article is 3895 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: A new economic theory of regulation: rent extraction rather than rent creation. (1999 Survey of Books Related to the Law) (book reviews) (book reviews)
Author: Douglas H. Ginsburg
Publication: Michigan Law Review (Refereed)
Date: May 1, 1999
Publisher: Michigan Law Review Association
Volume: 97 Issue: 6 Page: 1771

Article Type: Book Review

Distributed by Thomson Gale

Book Description

The fragmenting of habitats is endangering animal populations and degrading or destroying many plant populations throughout the world. To address this problem, conservationists have increasingly turned to biological corridors, areas of land set aside to facilitate the movement of species and ecological processes. However, while hundreds of corridor initiatives are under way worldwide, there is little practical information to guide their design, location, and management.

Applying Nature's Design offers a comprehensive overview of current knowledge on corridors, their design, and their implementation. Anthony B. Anderson and Clinton N. Jenkins examine a variety of conceptual and practical issues associated with corridors and provide detailed case studies from around the world. Their work considers how to manage and govern corridors, how to build support among various interest groups for corridors, and the obstacles to implementation. In addition to assessing various environmental and ecological challenges, the authors are the first to consider the importance of socioeconomic and political issues in creating and maintaining corridors.

Method in Ecology: Strategies for Conservation

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Method in Ecology: Strategies for Conservation
Kristin S. Shrader-Frechette , and Earl D. McCoy
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Paperback

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Look Inside Outdoors & Nature Books | Trip | Specialty Stores | Books
ASIN: 0521446937

Book Description

In this volume, the authors discuss what practical contributions ecology can and can't make in applied science and environmental problem solving. In the first section, they discuss conceptual problems that have often prevented the formulation and evaluation of powerful, precise, general theories, explain why island biogeography is still beset with controversy and examine the ways that science is value laden. In the second section, they describe how ecology can give us specific answers to practical environmental questions posed in individual case studies, and argue for a new way to look at scientific error. A case study using the Florida panther is examined in the light of these findings.

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Solutions Manual for Students Vol 1 Chapters 1-21: to Accompany Physics for Scientists and Engineers 4e

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Solutions Manual for Students to Accompany Physics for Scien

Solutions Manual for Students Vol 1 Chapters 1-21: to Accompany Physics for Scientists and Engineers 4e (Physics)
Frank J. Blatt , and Paul A. Tipler
Manufacturer: W. H. Freeman
ProductGroup: Book
Binding: Paperback

General | Physics | Science | Subjects | Books
General | Physics | Professional Science | Professional & Technical | Subjects | Books
All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Physics For Scientists and Engineers: Vol. 1: Mechanics, Oscillations and Waves, Thermodynamics (Physics for Scientists & Engineers, Chapters 1-21)

Solutions Manual for Students Vols 2 & 3 Chapters 22-41: to Accompany Physics for Scientists and Engineers 4e (Physics)

Study Guide to Accompany Tipler Physics for Scientists and Engineers 4e Vol. 1 (Physics)

Physics for Scientists and Engineers: Vol. 2: Electricity and Magnetism, Light (Physics, for Scientists & Engineers, Chapters 22-35)

Physics for Scientists and Engineers: Extended Version

ASIN: 1572595132

Customer Reviews:

Solutions Manual for Students Vol 1 Chapters 1-21: to Accompany Physics for Scientists and Engineers 4e .......2007-01-13

Good book for people taking a class requiring it the book. It is a little hard to understand why certain problems are done the way they are. Overall a good book to help you solve problems and determine whether you had the right thought process.

Save your money.......2000-10-24

This solution manual only provides answers for every 4th problem. It does not elaborate much either. You're better off just asking your TA. Or hell, you can buy my copy - I'm sending it back.

Solutions Manual for Students to Accompany Physics for Scien.......2000-05-01

this book is good, help student to solve the problem on the text book.

Product Description

These seven stories are based on Jack Londons youthful adventures as an oyster pirate. In the early 1900s, San Francisco Bay was plagued by oyster pirates who plundered in broad daylight. At sixteen, Londons common sense suggested he change sides. The restraining of a felony was more to his liking and logic than the committing, his wife said of him. Surely it tickled his fancy too that the most lucrative employment in sight should be with the Fish Patrol service. Thus he joined the Fish Patrol. Catching the rascal pirates satisfied even Londons appetite for adventure but more importantly gave us a record of these outlaw times captured by one of the worlds greatest storytellers.

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Of the fish patrolmen under whom we served at various times, Charley Le Grant and I were agreed, I think, that Neil Partington was the best. He was neither dishonest nor cowardly; and while he demanded strict obedience when we were under his orders, at the same time our relations were those of easy comradeship, and he permitted us a freedom to which we were ordinarily unaccustomed.

Customer Reviews:

fish patrol.......2001-04-29

This is a good book! It will appeal to anyone that is a fan of fishing, or sailing or the San Francisco Bay area for that matter.In the early 1900's, young Jack pursues poachers in several short storys that are often funny and sometimes hair-raising! The characters are colorful and full of mischief. Without motors on their boats and the power of the sail only, it's easy to get caught up in the early day version of the car chase as Jack chases one criminal after another. Great adventure!

Tales of the Fish Patrol [EasyRead Comfort Edition]

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Tales of the Fish Patrol [EasyRead Comfort Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books

General | Short Stories | Literature & Fiction | Subjects | Books

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Font Size 13 | Alternative Formats | Formats | Books
ASIN: 1425009549
Release Date: 2006-10-01

Book Description

The seven stories are about London's adventure when he joined the Fish Patrol in an effort to fight against the Oyster Pirates. The narrative gives a record of those lawless times when the pirates plundered in broad day light.

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TALES OF THE FISH PATROL
Jack XXXX London
Manufacturer: Int'l Fiction Library
ProductGroup: Book
Binding: Hardcover
ASIN: B000J5REOQ

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Tales of the Fish Patrol
Jack (Varian, George [illustr.]) London
Manufacturer: Heinemann
ProductGroup: Book
Binding: Hardcover
ASIN: B000J31VOM

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Tales of the Fish Patrol

Manufacturer: Arno The Abercrombie & Fitch Library
ProductGroup: Book
Binding: Hardcover
ASIN: B000BS5JHK

Tales of the Fish Patrol [EasyRead Super Large 18pt Edition]

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Tales of the Fish Patrol [EasyRead Super Large 18pt Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books

Literary | General | Literature & Fiction | Subjects | Books

Literature & Fiction | Large Print | Formats | Books
ASIN: 1425017843
Release Date: 2007-08-21

Book Description

The book then; the book of William's brain and Mary's hope, wasn't printed yet; not quite bought and paid for, come to that. But it was in a fair way. There wouldn't be another great book from England under a month, and there was a fine time to lay his egg in the sun and have it hatched. It'll chirp merrily, I warrant you, when it's once out!

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Tales of the Fish Patrol [EasyRead Super Large 20pt Edition]

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Tales of the Fish Patrol [EasyRead Super Large 20pt Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books

Literature & Fiction | Large Print | Formats | Books
ASIN: 1425024661
Release Date: 2007-08-21

Book Description

CONTENTS The Treatise on the Human Will The Garret His Apprenticeship In Business The First Success Dandyism The "Foreign Lady" At Les Jardies In Retirement

Tales of the Fish Patrol [EasyRead Super Large 24pt Edition]

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Tales of the Fish Patrol [EasyRead Super Large 24pt Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback
ASIN: 1425037925
Release Date: 2007-08-21

Tales of the Fish Patrol [EasyRead Edition]

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Tales of the Fish Patrol [EasyRead Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books

General | Short Stories | Literature & Fiction | Subjects | Books

Literature & Fiction | Large Print | Formats | Books

Poetry & Short Stories | Large Print | Formats | Books

Font Size 11 | Alternative Formats | Formats | Books
ASIN: 1425004482
Release Date: 2006-10-01

Book Description

Tales of the Fish Patrol [EasyRead Large Edition]

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Tales of the Fish Patrol [EasyRead Large Edition]
Jack London
Manufacturer: ReadHowYouWant.com
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books

General | Short Stories | Literature & Fiction | Subjects | Books

Literature & Fiction | Large Print | Formats | Books

Poetry & Short Stories | Large Print | Formats | Books
ASIN: 142501481X
Release Date: 2006-10-01

Book Description

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