The Metaphor of God Incarnate: Christology in a Pluralistic Age
Average customer rating: 5 out of 5 stars
  • A case for rethinking traditional theology
  • coming to terms with orthodoxy
  • A Cogent Challenge to Christian Orthodoxy
  • Very Provocative Challenge to Chalcedonian Christianity
  • The thinking man's Spong
The Metaphor of God Incarnate: Christology in a Pluralistic Age
John Hick
Manufacturer: Westminster John Knox Press
ProductGroup: Book
Binding: Paperback

Church Institutions & OrganizationsChurch Institutions & Organizations | Ministry & Church Leadership | Christianity | Religion & Spirituality | Subjects | Books
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ASIN: 0664255035

Book Description

In this groundbreaking work, John Hick refutes the traditional Christian understanding of Jesus of Nazareth. According to Hick, Jesus did not teach what was to become the orthodox understanding of him: that he was God incarnate who became human to die for the sins of the world. Further, the traditional dogma of Jesus' two natures—human and divine—cannot be explained satisfactorily, and worse, it has been used to justify great human evils. Thus, the divine incarnation, he explains, is best understood metaphorically. Nevertheless, he concludes that Christians can still understand Jesus as Lord and the one who has made God real to us. This second edition includes new chapters on the Christologies of Anglican theologian John Macquarrie and Catholic theologian Roger Haight, SJ.

Customer Reviews:

5 out of 5 stars A case for rethinking traditional theology.......2007-03-09

John Hick makes a compelling case for why we should rethink the traditional theological belief that Jesus was 'God the Son', second person of the Holy Trinity. Hick critically examines this doctrine and attacks it from all sides.

First he talks about the metaphysical problems inherent in trying to stipulate how someone could be completely God and completely human at the same time. He does a good job at examining all of the major attempts at doing so and explains why each such try has been inadequate. He goes on to describe how New Testament scholars have concluded that Jesus' divinity cannot be ascribed to Jesus' own teachings. I'm not a New Testament scholar by any means, but apparently they have thrown doubt on many of the biblical passages where Jesus alludes to his own divinity. New Testament scholars apparently attribute such sayings to later writers of the bible who were just reflecting a current belief in the Christian community at their time. Hick goes on to discuss how the 'God the Son' doctrine implies the superiority of the Christian religion, being the only religion founded by God himself. He discusses the problems inherent in believing so, all of the evils committed based in part on the belief of Christian superiority, and the problems and illogicalities inherent in the overall belief that Jesus as 'God the Son' was needed as a sacrifice for the sins of humanity.

His own theory is that the incarnation doctrine should be taken metaphorically instead of as literal truth. In short Hick believes that "In so far as Jesus lived a life of self-giving love, or agape, he 'incarnated' a love that is a finite reflection of the infinite divine love" (105). Furthermore, "In so far as Jesus was doing God's will, God was acting through him on earth and was in this respect 'incarnate' in Jesus' life" (105). I'll let you read the book to find out more about this theory and how it fits into the overall schema of religious founders and saints who also reflect, although not necessarily to the extent that Jesus did, the divine love on earth. In theory then we could suggest that Jesus was a normal human being who was so completely open to God that he was spiritually perfected.

As I said in the beginning, this book provides a very compelling case for why we should at least rethink the traditional doctrine of 'God the Son' as opposed to 'Son of God', spiritually perfected, which in theory we could all be. However Hick does not prove anything in this book. At the end of the day I think Hick has to accept that it's a dispute over theory, not something we can prove either way. Just because we cannot, as of yet at least, adequately stipulate 'God the Son' metaphysically does not mean that it is not possible. Just because we cannot find a way as of now doesn't mean that we will never be able to do so. However, it may just be beyond human conceptualization. Furthermore, you can throw doubt on any passage in the bible you want, but even if we can't attribute Jesus' divinity to his own teachings, this doesn't mean that Jesus was not 'God the Son', second person of the Holy Trinity. In other words, even if Jesus didn't teach it, it could still be so. And the superiority problem is only a problem for religious pluralists. So in essence, Hick explains all of the very compelling reasons why he thinks the incarnation should be taken metaphorically instead of literally. However, whether Jesus was 'God the Son' literally or metaphorically cannot be proven either way. He does provide very compelling reasons for his position on this issue. I commend Hick for this wonderful work on the issue and think that all Christians should read it.

5 out of 5 stars coming to terms with orthodoxy.......2007-01-09

After all the shouting that the MYTH OF GOD INCARNATE gave rise to, this is a considered response, preserving the view that "God Incarnate" is not a meaningless idea, but that one needs to be very careful just how the term is to be understood. The original authors have a chance to talk back to their (hysterical) critics.

4 out of 5 stars A Cogent Challenge to Christian Orthodoxy.......2005-09-27

In this follow-up to his controversial 1970s compilation, "The Myth of God Incarnate," British philosopher John Hick fleshes out his own critique of the Christian dogmas of the Trinity and the Atonement, and offers alternate ways of understanding the message and meaning of Jesus in today's pluralistic world.

Although Hick overstates the degree to which the doctrines of the Trinity and Atonement are no longer believeable (millions, in fact, still fervently believe those doctrines), he persuasively argues both that (1) neither Jesus nor his earliest followers regarded Jesus as God incarnate, and that (2) the doctrine of the Trinity is in fact intellectually incoherent and - paradoxically - cannot even be explicated in terms which do not violate Christian orthodoxy. Hick shows that all attempts to explain this doctrine either implicitly deny that Jesus was a human being like other human beings or redefine God in such a way that God is no longer God.

Some of the theological argumentation is a bit technical, but with careful reading it is quite intelligible even to the non-professional. I found the critique of the atonement (the idea that Jesus' death on the cross was necessary for the forgiveness of human sin) to be particularly cogent insofar as Hick quotes from the sayings of Jesus himself to show that a sacrificial death is not necessary to effect divine forgiveness. (In this context, Hick quotes both the Lord's Prayer and the story of the Prodigal Son.)

Traditional Christians might think that Christianity is utterly destroyed if shorn of the doctrines of the Trinity and the Atonement, but Hick disagrees. He proposes an understanding of Jesus' life as a metaphor for the action of God in the world, a metaphor all the more potent because it is grounded in the real-life example of Jesus. Hick also believes that the Eastern Orthodox concept of human "deification," the transformation of the human personality through the mysterious workings of the Holy Spirit or Divine Energies, provides a potentially fruitful basis for a future Christian theology.

Although Hick is critical of orthodox theology and of the crimes of Christian civilization, he is not polemical in a rude or crude sort of way, nor does he ignore - as many critics of Christianity do - the deficiencies of other religions and the cultures they produced. (However, one might disagree with his claim that all religions have had pretty much the same effect on culture, and that the advantages and disadvantages of the various religions ultimately cancel each other out. In my view, that is a highly debatable proposition. I think different religions effect culture in very different ways, and develop in different ways because of ideas present at the core of each individual religion.)

One might have wished that Hick spent some time discussing the doctrine of the Incarnation as it is found in Hinduism, which believes in successive divine incarnations throughout history. Perhaps some insight into the Christian doctrine of Incarnation could have been found there, just as an analysis of the Buddhist understanding of "taking refuge" in the Buddha might shed some light on the Christian doctrine of the Atonement. As it is, however, Hick does not delve into the theological or philosophical nuances of any religion other than Christianity.

Traditional Christians will likely be offended or alarmed by this book, but Hick's sincere challenge to Christian orthodoxy is what the times demand. In a world where Islam has once again become (or remains) militant and agressive, Christianity must regroup on a firmer moral and intellectual foundation if it is to survive the clash of civilizations that has already begun.

5 out of 5 stars Very Provocative Challenge to Chalcedonian Christianity.......2005-08-22

John Hick is one of the leading advocates of religious pluralism today, and identifies himself as a Christian. In the above work, he sets out to criticize the following tenets of traditional Christianity, expressed above all in the Chalcedonian ecumenical council, established in 451 CE, which is for most the sine qua non expression of Christian Christology. He is a very honest writer, and lets the reader know from the outset his agenda. For one to uphold the doctrines of Christian pluralism as he does, one cannot simultaneously hold to the traditional understanding of Christ. He explains: "If he was indeed God incarnate, [then] Christianity is the only religion founded by God in person, and must as such be uniquely superior to all other religions" (ix). As one who does not believe Christianity is superior to all other religions, Hick must justify his pluralism by a reconsideration of the doctrine of the incarnation. In a nutshell, for him it is not a metaphysical reality, but a metaphor which depicts the God-centered life of Christ. In this book Hick criticizes 6 sets of ideas common to Christianity, traditionally understood, and puts forward an alternative for a Christianity of a pluralistic age. He avers that:
(1) Jesus himself did not teach what was to become the orthodox Christian understanding of him;
(2) that the dogma of Jesus' two natures, one human and one divine, has proved be incapable of being explicated in any satisfactory way;
(3) that historically the traditional dogma has been used to justify great human evils;
(4) that the idea of divine incarnation is better understood as metaphorical rather than as literal;
(5) that we can rightly take Jesus, so understood, as our Lord, the one who has made God real to us and whose life and teachings challenge us to live in God's presence; and
(6) that a non-traditional Christianity based upon this understanding of Jesus can see itself as one among a number of different human responses to the ultimate transcendent Reality that we call God, and can better serve the development of world community and world peace than a Christianity which continues to see itself as the locus of final revelation and purveyor of the only salvation possible for all human beings (ix).
Before I began reading this book, I had already a background in historical Jesus studies and early Christianity, as well as proclivities toward Christian pluralism. What this book did for me was to nourish a pluralism that, quite frankly, had already been born in my mind. For me, therefore, it was confirmation of an already existing belief, and a helpful articulation of why I had begun to lean in this direction. For some (and for me about 5 years ago), this book would seem to stink of liberal scholarship, and of the inspiration of Satan himself. Thus, it will not be persuasive in the least to some. I don't believe those who believe this are foolish. However, I would still encourage this book as a fine example of irenic scholarship which puts forward a different persepective, if for nothing else than to understand and foster dialogue. The author is respectful and painfully honest, while making gentle criticism and proposing a new direction in a spirit desperately needed in this intolerable age. One can only hope for an honest reading, and a sympathetic disposition.

5 out of 5 stars The thinking man's Spong.......2000-03-07

Writing in a wonderfully lucid, ego-free way Hick subjects the traditional, literal understandings of the Incarnation to a searching philosophical analysis and concludes that there is no way to make sense of the idea except as a Metaphor. This realization he hopes can liberate Christians so that they can embrace the rest of believing humanity instead of excluding it from their unnecessarily narrow notions of salvation.
Understanding the Principalship: Metaphorical Themes, 1920S-1990s
Average customer rating: 3 out of 5 stars
  • Whats hidden behind the word??
Understanding the Principalship: Metaphorical Themes, 1920S-1990s
Lynn G. Beck , and Joseph Murphy
Manufacturer: Teachers College Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0807732079

Customer Reviews:

3 out of 5 stars Whats hidden behind the word??.......2001-03-04

Beck, Lynn G. & Murphy, Joseph. (New York, 1993) Understanding the Principalship-Metaphorical Themes: 1920s-1990s. Teacher's College Press, Columbia University.

Author's Profile: Joseph Murphy is the Chair of the Department of Educational Leadership at the Vanderbilt University. Lynn G. Beck is an Assistant Professor of Education at the University of California.

Type: Academic Research

Audience: Academicians and Practitioners.

Its a great way to understand the changing times and the development of the role of the principal reflects the changes in the school community.

The authors have studied the history of the roles of principals over the decades. An in-depth analysis has been made using metaphorical themes that were used over h decades to describe the changing roles of principals. As the analysis continues, themes and patterns were discovered in the language people used to describe principals. Each decade is explained interestingly and the metaphors used portray a logical explanation. In the twenties for example, much of the work focused on spiritual values; in the thirties on business-like efficiency in schools; in the forties the focus was on the principal's role in war and post war efforts; in the fifties , the maintenance of established patterns seemed important; in the sixties, the major emphasis was on conflict; in the seventies on negotiation and in the eighties on change.

Very well written and although rich in literiture review, it is interesting to read and different!
Spiritual Intelligence at Work, Volume 5: Meaning, Metaphor, and Morals (Research in Ethical Issues in Organizations, Volume 5) (RESEARCH IN ETHICAL ISSUES IN ORGANIZATIONS)
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    Spiritual Intelligence at Work, Volume 5: Meaning, Metaphor, and Morals (Research in Ethical Issues in Organizations, Volume 5) (RESEARCH IN ETHICAL ISSUES IN ORGANIZATIONS)

    Manufacturer: JAI Press
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0762310677

    Book Description

    This volume contains articles and essays from internationally renowned authors and thinkers about the relationship among business, business ethics, religion, and spirituality. The authors included in this book represent multiple perspectives including Christian, Jewish, Hindu, philosophical, and others.

    This volume will be of interest to both academics and business practitioners who promote a contemporary re-integration of business and religious values and for those concerned about the dangers inherent in this project.

    In the end, this volume suggests that in a pluralistic and democratic society the only justification for going back home again to traditional religious texts is to help us all move forward together. If the real reason we're invoking religion in the public sphere is to strengthen our own religious communities and our own identities as members of particular religious communities, we are making a fundamental error in judgement. The goal of a legitimate religiously grounded business ethics can and must be the desire to critique, enhance, and strengthen the democratic values and institutions of society including business. These values include noncoercion, transparency, equal rights, pluralism, compromise, individual and communal responsibility, and many others.
    Contemplative Leadership for Entrepreneurial Organizations: Paradigms, Metaphors, and Wicked Problems
    Average customer rating: 4 out of 5 stars
    • Contemplative Style for a New Business Era!
    Contemplative Leadership for Entrepreneurial Organizations: Paradigms, Metaphors, and Wicked Problems
    Nancy J. Eggert
    Manufacturer: Quorum Books
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Organizational Behavior | Business & Investing | Subjects | Books
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    ASIN: 1567201903

    Book Description

    Dr. Eggert explores leadership styles that would arise from the comtemplative paradigm. Her book first considers several classics such as Thomas Kuhn's The Structure of Scientific Revolutions, Kenneth Boulding's Images, and Gareth Morgan's Images of Organizations that illustrate and explain how our basic set of operating assumptions affect how we think, inquire, value, perceive, and act--highlighting certain aspects and obscuring others in accordance with the reigning paradigm. Alternative paradigms, Eggert argues, offer alternative and additional ways of thinking and acting that bear on today's wicked problems--the chronic, unwieldy, malignant tangles that bedevil organizations today. Using the contemplative experience itself as a key metaphor for the contemplative paradigm, the second section of the book uses theologian Matthew Fox's work on medieval German mystic Meister Eckhart to identify and map the underlying assumptions of the contemplative approach to life. The focus then shifts to Contemplative Leadership, the style of leadership that would flow from contemplative assumptions. Eggert's book is fascinating, important reading for people with management responsibilities in today's public and private sector organizations.

    Customer Reviews:

    4 out of 5 stars Contemplative Style for a New Business Era!.......2000-11-10

    Those of us who have started an entrepreneurial business of any type often ask questions like "Why are we failing" and, "Are we less than adequate"?

    In this marvel of a book, Eggert takes us through a dynamic series of applied historical perspectives on paradigms as they relate to humankind from the 14th to 21st Centuries!

    While we never really end the book with a new paradigm, she is quick to point out from the beginning that was never her intention. Instead, this book provides a deep understanding of paradigms from both an applied and historical perspective. We are also walked through, carefully, the reasons why these various paradigms change. We learn how one paradigm is only as good as the awaiting challenge by some enlightened thinker offering a new set of perspectives and assumptions forming a yet a new model to be approached by the organizations of the day.

    An applied sense of the contemplative tradition requires a departure from the norm of hierachial business management styles and assumptions. We must step back from our own self and allow for an openness to accompany the greater good as directed to the whole! To allow your organization to be operated under this new paradigm in formation would allow for a community in which blame is not heard of, and a more relaxed atmosphere and openness exists to allow for a breakthrough in direction and control issues that often plague the typical organization, especially one developed by a person of entrepreneurial aspects and talents.

    This paradigm conversely may bring an increase in clarity and definition, opposed to what one may immediately deduce when they think of the "contemplative experience". Neither does one need to define this aspect as either religious or secular in tradition. The detail of the four paths of the contemplative experience paradigm outlined by Eggert can lead to God or to a contemplative secular experience based on the uniqueness of each individual's views, strengths, weakness, experiences and assumptions at the human level.

    Either way, the business organization may benefit from using this unique version of the world viewpoint. This paradigm actually focuses on the "ordinary time", that is, in the moment, perspective rather than the urgency to "move" "to act" "to fashion" in a certain and predetermined manner in order to achieve a certain predicted outcome.

    While it is not possible to identify by any quantitative means the validity of the contemplative paradigm as compared to others, the author does predict with a certain "Je ne sais quoi" what a contemplative style grounded in aspects of contemplative tradition might exert on the forces of an entrepreneurial organization and life in general by gaining an increasing awareness of what "just is".
    Leadership, Myth, & Metaphor: Finding Common Ground to Guide Effective School Change
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      Leadership, Myth, & Metaphor: Finding Common Ground to Guide Effective School Change
      Daniel Cherry , and Jeffery M. Spiegel
      Manufacturer: Corwin Press
      ProductGroup: Book
      Binding: Paperback

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      ASIN: 1412927080

      Book Description

      Use the creative energy of metaphor to clarify and make your leadership vision a reality!

      How do you see yourself as an educator? How would you describe yourself as a leader? Have you ever considered using metaphors to reframe your leadership practice, vision, and mission? Often, leaders stumble when asked to articulate their values, ethics, and purpose. This book illustrates the significance of leadership archetypes and metaphoric reframing in understanding and facilitating organizational change.

      Leadership, Myth, & Metaphor
      reports on the findings of a professional development study-funded by the Gates Foundation-of more than 250 superintendents and principals, celebrating educators’ unique individual core values while acknowledging their shared intrinsic beliefs, including:

      Awareness of yourself on a personal and professional level leads to a deeper consideration of your mission as a leader and of your purpose in life.

      The Invisible Powers: The Language of Business (Issues in Organization and Management Series)
      Average customer rating: 5 out of 5 stars
      • Phenomenal
      The Invisible Powers: The Language of Business (Issues in Organization and Management Series)
      John J. Clancy
      Manufacturer: Lexington Books
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Organizational Behavior | Business & Investing | Subjects | Books
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      ASIN: 0669195421

      Book Description

      In this wide-ranging and original book, John J. Clancy examines the history and current state of corporate America from a new perspective, looking at business not as a matter of economics, marketing, and management, but as a cultural artifact. The Invisible Powers examines language, imagery, values, and deeply held beliefs and the impact they all have in determining the role business plays in society.

      Customer Reviews:

      5 out of 5 stars Phenomenal.......1999-11-17

      I read this book 6 years ago and can still outline his major points for you at a party, as I've done several times. Absolutlely phenomenal insight into what drives different organizations. His methodology of analyzing CEO speeches to identify the metaphors that define the rules and systems governing different organizations is insightful and to be replicated as a methodology, apart from the insights discovered from the analysis.
      Apparent Narrative as Thematic Metaphor: The Organization of The Faerie Queene
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        Apparent Narrative as Thematic Metaphor: The Organization of The Faerie Queene
        Jan Karel Kouwenhoven
        Manufacturer: Oxford University Press, USA
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 0198128193
        Metaphor and Organizations
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          Metaphor and Organizations

          Manufacturer: Sage Publications Ltd
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | Organizational Behavior | Business & Investing | Subjects | Books
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          ASIN: 0803976305

          Book Description

          The use of metaphors underpins the expectations, behavior, and strategies that govern all aspects of organizational life, including the theory and study of organizations. Metaphor and Organizations collects critical essays from renowned scholars in the field that analyze the role of metaphor. It not only extends existing debates concerning metaphor and the analysis of organizations but also generates new concepts and theories. The contributors provide an understanding of how metaphors work and familiarize the reader with key areas of debate concerning their use. They consider the role of metaphor in creating new theories of organization and in reinterpreting existing theories as well as go beyond the theoretical context to examine the metaphor in light of organizational experience. In this volume the metaphor reveals itself as a potentially powerful tool with which to manage the organization, affecting attitudes and behavior, and relevant in real organizational situations. In addition, the book offers an agenda for the use of metaphors in organization research and suggests new directions that this research might take. Metaphor and Organizations brings together a rich collection of authoritative views on the use of metaphors in organizations and organization studies. It will be of particular interest to all students and academics in management/organizational theory, behavior, and development as well as industrial/organizational psychology.
          Narrative Inquiries of School Reform: Storied Lives, Storied Landscapes, Storied Metaphors (HC) (Research in Curriculum and Instruction)
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            Narrative Inquiries of School Reform: Storied Lives, Storied Landscapes, Storied Metaphors (HC) (Research in Curriculum and Instruction)
            Cheryl J. Craig
            Manufacturer: Information Age Publishing
            ProductGroup: Book
            Binding: Hardcover

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            ASIN: 1593110170

            Book Description

            This book culminates five years of extensive field-based inquiry with teachers and principals in four reforming school contexts. It arises from living alongside teachers and principals, entering into their realities, engaging them in conversations, seeing school life through their eyes, and employing the words and images they use to wrap around their experiences. It involved thinking narratively about schools as sites of high drama within which teachers and principals negotiate meaning as knowledgeable and knowing human beings. It gave primacy to everyday events taking shape on school landscapes. It meant creating spaces and devoting enormous amounts of time to observing and listening hard to what teachers and principals say and do when reform initiatives become personally lived in context--from their points of view.
            The Organization-Society Nexus: A Critical Review of Models and Metaphors (Contributions in Sociology)
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              The Organization-Society Nexus: A Critical Review of Models and Metaphors (Contributions in Sociology)
              Ronald G. Corwin
              Manufacturer: Greenwood Press
              ProductGroup: Book
              Binding: Hardcover

              NegotiatingNegotiating | Management & Leadership | Business & Investing | Subjects | Books
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              ASIN: 0313255822

              Book Description

              This definitive study concentrates on one fundamental aspect of complex organizations, the organization-environment relationship. Numerous theoretical frameworks are described and evaluated which are directly or indirectly relevant to this focus, and included are several chapters that deal with various aspects of this complex relationship.

              Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
              Average customer rating: 4 out of 5 stars
              • Finance with Negative Signs
              • Only usefull for students
              • Good book but needs a companion text
              • Just a collection of old cases
              • Corporate Restructuring: It's Not Just for Lawyers Anymore
              Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
              Stuart C. Gilson
              Manufacturer: Wiley
              ProductGroup: Book
              Binding: Hardcover

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              Book Description

              A collection of case studies illustrates real-world techniques, implementation, and strategies on corporate restructuring
              Over the period 1981-1998, public companies with combined assets of over half a trillion dollars filed for Chapter 11 bankruptcy. Over the same period, over 400 public companies underwent corporate spin-offs, divesting businesses valued at more than $250 billion. Each of these companies, and all of these dollars, were in some way or another involved in corporate restructuring. Gilson's cases studies have been used extensively in executive programs and are perfect tools to refer to when faced with real-world corporate restructuring issues.
              Stuart C. Gilson (Boston, MA) is an Associate Professor at Harvard University and a widely acknowledged expert on corporate restructuring. He has studied and published on the intricacies of both domestic and international corporate restructuring.

              Customer Reviews:

              4 out of 5 stars Finance with Negative Signs.......2004-01-23

              Someone (perhaps it was I) has said that bankruptcy is corporate finance with negative signs. This has always been true but it is amazing how far mainstream finance has gone to try to resist the comparison. The resistance must be, must have been more cultural than economic, because it is axiomatic that anything is a bargain at the right price, and that there is no more or less money to be made in "distress investing" than in any other. Two generations ago, there seems to have been only one person in American that really understood this point - the late Max Heine, who made his grubstake by investing in out-of-favor railroad bonds in the Great Depression, and then riding the wave of prosperity that emerged in World War II. In the same vein, 40 years ago just about any bankruptcy judge would have looked on an "assigned claim" as some kind of monster.

              Times have changed. Now everybody's an arbitrageur. The "vulture investors" have their conferences, their social clubs, and for all I know, their own softball team.

              Stuart C. Gilson"s "Corporate Restructuring" symbolizes the sea change from the old attitude to the new. It adds the imprimatur of the Harvard Business School to the notion that vulture investing is just another way of making money. As others have noted, this isn't a work of high theory - indeed it has a kind of slapdash, direct-off-the-photocopier feel that is remarkably common in business publications. For fancy theory, you look elsewhere - in law to the likes of Douglas Baird or Lucian Arye Bebchuk; in finance to the developing lore of "real options." But the case studies are an excellent device for getting a sense of the texture and possibilities of vulture investing. It can be read with profit alongside Hilary Rosenberg's "The Vulture Investors." Ambitious students who want the full theoretical framework will match it with David G. Luenberger's "Investment Science." But Gilson's work has merit on its own as one kind of introduction to this revolution in investment thinking.

              1 out of 5 stars Only usefull for students.......2003-03-04

              What a waiste of money.... The writer has not included any anlyses or real solutions to the cases that a provided. Unless you are a student in a class that use this book, this book gives you absolute nothing.

              4 out of 5 stars Good book but needs a companion text.......2003-02-18

              This is a very good case book, complete with intricate case studies illustrating numerous aspects of challenges often faced in restructuring in bankruptcy. However, the book assumes a level of knowledge about M&A concepts that many readers may not have. Consequently, I would recommend using this book in conjunction with another excellent text by DePamphilis entitled Mergers and Acquisitions: Integrated Approach. There are two editions. The second edition is more complete and up to date. It also tackles some of the problems illustrated in this book.

              1 out of 5 stars Just a collection of old cases.......2003-01-30

              This book is a complete waste of time. It is just a collection of case studies bundled together and resold. There is no analysis done. The cases are merely reprinted word for word from the original HBS cases. There are three short intros to the different sections, but once again nothing useful. Great marketing ploy, lousy book.

              5 out of 5 stars Corporate Restructuring: It's Not Just for Lawyers Anymore.......2002-12-05

              You'd be surprised by how few business schools offer courses on bankruptcy and restructuring. I know that I was. I came to Wharton this year to teach "Advanced Corporate Finance" in the MBA program. In preliminary "due diligence," I discovered there were no finance electives on bankruptcy and restructuring. To bridge the gap, I decided to conclude my course with two modules, one on Corporate Restructuring and the other on Bankruptcy.

              Material for both modules came straight from Gilson's book. Students relished the case studies. They fueled many of the most lively and engaging discussions we enjoyed all term. Students are worried about the economy. For the first time, many also sense career opportunities in the area of distressed debt. When I planned the course, I counted on both to spur interest in the modules.

              What I didn't count on was how well Gilson's cases would frame virtually all other material that I covered. Key lessons resurfaced from all modules: Financial Analysis and Forecasting, Capital Structure Policy, Capital Budgeting, and Mergers and Acquisitions. In each case, revisiting the ideas in the context of bankruptcy and restructuring threw them into high relief. So much so that I was able to substitute restructuring cases for those I had intended as "comprehensive" case discussions.

              As important for educators, Gilson's cases provide all necessary background information about how key legal and procedural aspects of the Bankruptcy Code influence managers' decisions. In Gilson's cases, the decisions featured are crucial to determining how to maximize value in distressed situations, as well as how to distribute it when all is said and done.

              In the final analysis, aren't these *exactly* the issues that MBA courses in corporate finance should address? My students at Wharton this term sure thought so. In the spring, my two sections are also already full. I've been told the "buzz" is mostly due to Gilson's restructuring material. Hopefully, some value was created in the delivery. Nonetheless, I couldn't recommend any material more highly for anyone planning to teach a spring term corporate finance course.
              Almanac of Business and Industrial Financial Ratios 2000
              Average customer rating: Not rated
                Almanac of Business and Industrial Financial Ratios 2000
                Leo Troy
                Manufacturer: Prentice Hall Trade
                ProductGroup: Book
                Binding: Paperback

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                    I need to review tha acounts standars for an equipment revaluation or four value, I need to know and undertadant when do have do yo it and when these could be change for a revaluation in stead.

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                    Average customer rating: 5 out of 5 stars
                    • Very helpful in my ABC implementation
                    Activity Dictionary: A Comprehensive Reference Tool for ABM and ABC: 2000 Edition
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                    5 out of 5 stars A great Reference source.......2003-03-27

                    This almanac uses 50 performance indicators to compare financial information on 192 industries. Industries included in this reference work include agricultural production, coal mining, ship and boat building, electrical contractors, fruit and vegetable preserving and specialty food manufacturing, and furniture and related product information. The information listed on these industries is in numerical format and includes revenue (such as net sales, rents, roytalties) operating costs (such as taxes paid, advertising, operating margin) and selected financial ratios (such as total asset turnover, inventory turnover, cash flow to total debt). ....
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                        Controller's Report Yearbook: 2000
                        Average customer rating: Not rated
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