Amazon.com
To David Friedman (son of Milton Friedman), economics explains everything. In a way, that's an odd thing for him to say: Friedman Jr. has never taken an economics course in his life (by training he's a physicist). Yet he defines economics broadly and uses it as a tool to understand all aspects of human behavior, from selecting a mate to picking a grocery store line to switching lanes in rush-hour traffic jams. If you like the economics-for-everyman approach of such writers as Steven E. Landsburg, then Friedman is for you.
Book Description
David Friedman has never taken an economics class in his life. Sure, he's taught economics at UCLA. Chicago, Tulane, Cornell, and Santa Clara, but don't hold that against him. After all, everyone's an economist. We all make daily decisions that rely, consciously or not, on an acute understanding of economic theory--from picking the fastest checkout tine at the supermarket to voting or not voting, from negotiating the best job offer to finding the right person to marry.
Hidden Order is an essential guide to rational living, revealing all you need to know to get through each day without being eaten alive. Friedman's wise and immensely accessible book is perfect for amateur economists, struggling economics students, young parents and professionals--just about anyone who wants a clear-cut approach to why we make the choices we do and a sensible strategy for how to make the right ones.
Customer Reviews:
It's an excellent book!.......2007-07-28
It's an excellent book. Although I enjoyed reading Freakonomics, "Hidden Order" is a much deeper and broader book in terms of issues discussed.
What I really like about it that in additional of covering existing issues, it helps to learn how to approach new problems.
The sad thing is although the book was written in 1996, we(and politicians, and TV/Radio talk heads) are still using the same uninformed reasoning during the discussions.
It would be great if the book became a required reading in the high schools and colleges.
After getting it from a library, I bought it for my friends.
Good micro-economics primer, but not of the "popular" genre as it claims..........2007-01-31
What David Friedman has written here is a good, but very serious, micro-economics book in a relatively conversational tone. In a number of places on the back cover and in the early text, the book makes the claim that it is a "popular" economics book along the lines of Freakonomics; it isn't. It is a far deeper dive into the nuts and bolts of the tools of micro-economics rather than a light read about fascinating applications of those tools.
That doesn't preclude this from being a good book; for the most part it is, but a lot of people are likely to feel like a victim of a bait-and-switch if they read this book expecting another Freakonomics.
Hidden Order lays out the micro-economic theories of the Chicago School, a n approach to economics originated largely by David Friedman's legendary father Milton Friedman. The economics of the Chicago School are proving to have far more validity over time than the main rival, Keynesian economics which makes reading a book like this very worthwhile for someone willing to invest the time to understand economics better.
This book can make you a better thinker, voter and judge of information from the media. Recommended for anyone who values such things.
Not Recommended.......2006-06-27
Having read (and thoroughly enjoyed) Levitt's Freakonomics, I picked up "Hidden Order: The Economics of Everyday Life" looking for more of the same. Unfortunately, I was sadly disappointed.
I get the impression the author intended to write a Freakonomics-type book, but was only able to come up with 40 pages of material (located at the end of the book). Facing an irate publisher, he then filled in the initial 290 pages with his old Economics lecture notes. As a result, readers who have taken an elementary economics course will find much of the material repetitive, while those who have not will most likely find the material too confusing to be of any real use. (Despite the glowing accolades on the cover, the author's explanations are no better than those available in a standard textbook.)
The author also posits end-of-chapter questions for the reader to ruminate upon, but does not provide any answers. Aside from formal textbooks where such questions are intended to be assigned to students, such tactics are unconscionable. Of course, the author may be priming the pump for sales of a "Hidden Order Supplement".
A final negative point is the author's tone, which is frequently condescending towards the reader (e.g. telling the reader they would not understand the math behind a given theory, so it will not even be presented). While this may be true for a layperson reading the book, being talked down to certainly does nothing to build their confidence or cultivate their interest in the subject matter.
Overall, if you can borrow a copy from a friend or a library, the last 40 pages are worth reading. Otherwise, save your time and money.
Reviewer's background:
B.Sc. (Computing Science & Mathematics)
M.B.A. (Finance & Marketing)
Ph.D. (Finance)
Shaped my life (not kidding).......2006-02-06
This book shaped my life since i picked it up in 1999 while browsing. I found it fascinating and adept - see the other reviews. I did an MBA, changed careers, worked in strategy consulting, and now have a VP-level job in a $6B enterprise. (Well, besides reading this book, the MBA helped...) This book is really eye-opening and you'll see the world around you differently, and how all kinds of people, organizations, and forces respond to incentives that can be subtle to figure out. For example, I'd known since junior high the Brits wore Red Coats in the Revolutionary War, and that made them easy to shoot at. It had never dawned on me, the British management felt the risk of Brit infantry fleeing AWOL was greater than the risk of the same, getting shot. They took the risk of getting shot, to avoid the risk of their troops fleeing (too obvious in bright red coats). Fascinating. Their are apparently some typos in the book which you can correct via the author's website, but I hadn't known that and was impressed by the book anyway, as is.
U of Chicago economics theory meets the real world, mostly succeeds.......2006-01-06
Despite what I am about to say about the downsides of Friedman's approach, this is a book well worth reading. It's just a bit too sure that it has revealed all we need to know about motivations behind behaviors. On that point, I'm unconvinced. More on that in a moment.
As noted by most reviewers, he does a credible job in the first part of the book explaining the basics of economics. The graphs are a bit difficult if it is the reader's first exposure to economics, but I found his verbal explanations to be clear and compelling.
He then goes on to apply this knowledge to a panoply of real world situations. His discussions on taxation, pollution, and product liability are quite thought provoking. If the reader isn't rethinking some cherished beliefs by this point, then he is either is already a U of C economics diehard or didn't pay enough attention. Capital stuff!
I wish he had left out the very last section of the book. There he applies the same rationalistic approach to behaviors such as gift giving or punishing drug users. He fails to satisfy in both cases.
He's largely puzzled why people choose to give gifts to people they like rather than money. He offers 'paternalism' as a possible explanation, but since paternalism's rewards seemingly can't be measured in terms of value, he gives up the topic, moves on, and leaves the reader hanging. Well developed theories of the basis of social power from psychology offer more well developed and satisfying explanations of gift giving and are also borne out in well run experiments.
Similarly, it would seem that his beliefs applied to the question of drugs would make legalization the most rationale path. Surprisingly, he only wants to discuss the punishment alternatives for hard drug usage because he assumes that all hard drug users steal to support their habits. This then enables him to analyze the cost to society which then enables him to examine a range of punishment alternatives. That's fine as far as it goes, but it begs the discussion for the vast majority of illegal drug users who stick to so-called soft drugs. It also leaves unspoken whether all illegal drugs ought to be legal for people wealthy enough not have to steal to support their illegal purchases.
There's a whole range of widespread human behaviors which cannot be explained satisfactorily by this type of analysis. Using hard drugs, participating in extremely dangerous sports, and masochism come to mind.
So the 'uber-explanation' of all human behaviors in the last section of the book takes away substantively from the rest of the book. Since this train of thought in the first 80% of the book has lept from economics to the theory of law over the last 25 years via scholars such as Posner and Coase, it now influences much public policy discussion and judicial thinking today. For that reason alone, this book is worth reading. This is not 'just about economics' just as it is not 'all you need to know about what motivates human behavior'.
Book Description
Entrepreneur's Notebook propels you on a whirlwind tour of the start-up process. It is an invaluable reference for new and experienced entrepreneurs that includes chapters on a wide range of topics, from entrepreneurial team building to business plans to financing. This excellent book provides an incredible amount of practical information that will help you make smarter decisions and avoid costly mistakes. The author, Steven K. Gold, is an accomplished entrepreneur who has co-founded and led five early-stage ventures. As an investor and mentor, he also advises many entrepreneurs and young companies. He earned his B.S.E. in Entrepreneurial Management from the Wharton School of the University of Pennsylvania, and his M.D. from Brown University Medical School.
Customer Reviews:
Nice Guide for Beginners.......2007-06-16
The author writes a nice overview of the entrepreneurial process. It's basically for novices but it does a good job for this audience. The only problem I have with this book is that it is too basic and is therefore non-unique because it is so low-level. Regardless, I must say that for the right audience, it does a fine job over giving the big picture.
If you are advanced or aspire to become advanced, I would recommend "The Startup Company Bible for Entrepreneurs" but only for high-tech entrepreneurs. Even this author has recommended it.
A Must-Have for Entrepreneurs.......2007-05-14
Steven gives great illustrations to drive home his insightful advice for entrepreneurs. As he's "been there, done that," we can take his advice to heart in the hopes of becoming a success like him!
Exellent Book.......2007-05-11
Great book for getting ready to open a new business. Would refer to anyone thinking about opening a business.
Brief and to the point.......2007-04-27
This is a delightful little book that contains a wealth of useful and helpful information and ideas on starting a small business and ensuring that it is viable and succesful. The book is well written and easy to follow and interesting to read.
This is a must read for entrepreneurs, particularly budding ones as the information the book provides is very practical and can help you avoid making costly errors. The book covers a wide range of topics including the start-up process, marketing the business on a small budget, cash-flow forecasting, among other things.
The book is an excellent companion for the entrepreneur that is well worth having.
Invaluable advice for the budding entrepreneur.......2007-03-04
This book does a terrific job of presenting some of the most important issues entrepreneurs face when embarking on new ventures, touching on topics such as the business plan, funding, team building, and cash flows. Using simple, yet stunningly accurate models of the entrepreneurial process, Steven Gold distills complex subjects into simple, practical, take-away messages. The classification of entrepreneurial personalities (professionals, pragmatists, and inventors) is something I think we can all relate to. I find the metaphor which compares building a new company to making "stone soup" equally compelling. There are countless books out there for budding entrepreneurs, but this one is no fluff. It gets right down to the nuts and bolts so you can concentrate on your business.
Amazon.com
Despite the single letter at the heart of its hyphenated title, The E-Myth Contractor isn't another book about e-commerce. Instead, like previous entries in Michael E. Gerber's popular series, it focuses on a different e-word--entrepreneur--and the fact that most of us who go into business for ourselves are doomed to fail because we really don't understand business. This time, Gerber lays out the basics for starry-eyed newly self-employed contractors who know everything about their trade but precious little about being a boss. "I don't try to tell you how to do the work you do," he writes at the outset. "Rather, I share with you some profound insights into how great businesspeople think." In his easy-to-understand manner, Gerber explains the concept of Strategic Thinking and how it "will enable you to create a business that works apart from you instead of because of you." He addresses key topics like money, people, management and growth with an eye toward making related functions run seamlessly and effectively as we build our independent enterprises into true companies that have inherent value whether we stay involved or ultimately hand them off to eager buyers. Taken to heart, it could save more than a few worthy ventures as well as the people behind them. --Howard Rothman
Book Description
Michael E. Gerber is a truly revolutionary business thinker. His unique E-Myth insights have helped transform hundreds of thousands of small businesses around the world. According to Gerber, The E-Myth is the myth of the entrepreneur. Most businesses fail to fulfill their potential because business owners are not entrepreneurs (as most people think them to be) but “technicians suffering from an entrepreneurial seizure.” After all, says Gerber, most Contractors start out as technicians -- electricians, plumbers, landscapers, et al. As a result, most Contractors don't own a true business, but a job -- the all-consuming daily routine Gerber refers to as “doing it, doing it, doing it.” Sound familiar? With The E-Myth Contractor, Michael Gerber focuses on the business of Contracting rather than the work of it. He reveals a radical mind-set that will free Contractors from the tyranny of the unprofitable, unproductive, perpetual routine -- estimating, hiring, firing, going to the bank, digging a trench, running the Job, doing everything that needs to get done. Drawing on thirty years of experience working with small-business owners, including many Contractors, Gerber provides revolutionary, practical, and enlightening insights on how to produce the best real-world results on the Job, in the field, in a Contractor's life. The E-Myth Contractor explores crucial topics such as planning, money, personnel management, sub-contractors, and customers. It teaches you how to
- implement the ingenious turn key system, a means of creating a Franchise Prototype that embodies your unique set of talents and that produces consistent, predictable results each and every time without your having to do everything yourself
- recognize, understand, and manage the four factors of money -- income, profit, flow, and equity
- nurture the power of change to transform your company and your people while enabling the firm to grow exponentially without your having to be there all the time
Anecdotal and always profound, The E-Myth Contractor also provides insights on a broader level. It leads Contractors to become business visionaries by relinquishing tactical work and embracing strategic work -- working on their businesses instead of just in them. Gerber's revolutionary ideas empower Contractors to build successful businesses and successful lives.
Customer Reviews:
Grade School Lessons & E-Myth Acadamy Advertisement .......2007-10-04
This is, at best the beginning part of a working business solution. Yes, Gerber makes a valid point about the E-myth concept (read other reviews if you don't know the concept) but it's really for beginners (newbs). All his books are really just advertisements,for his E-Myth Academy consulting business in the back of all his books. There is nearly no practical information. He makes his point about the E-Myth, then masterbates it endlesly, re-making that point six ways to Sunday, add nausium and leaves you wondering, well, but what should I do? Well, little lost lamb (newb), go to E-Myth web site or call the 800 number where they have a fast talking sales crew and sign up for 2 years of 700 plus a month (I haven't checked lately) consultation/classes.
After you get the point that to make your technical skill pay/function as a business you need to have business skills/know how. You can sign up for the 700 plus per month for 2 years advertised in the back of his books. Start looking elsewhere for actual practical information. Because there are no E-myth books or tapes that have that information. You can do a lot for your business with that kind of money. I'm always shocked at how newbs starting businesses throw money around. Something to buy and a place to buy it, no matter how pretty it all is, doesn't make a successful business, In my observations, it's the major reason new businesses fail. I'm sure some of you with deep pockets or You corperate types who have never had to find the guts or earn the money to build a small business without Sugar Daddy Warbucks help will think I'm wrong. This E-Myth stuff is valid but it it's grade school lessons made to look like some kind of super-profound truth/solution. Well, it is, grade school true, now what Mr. Gerber, where's the solutions, spend, what, nearly 17,000 Sign up for what I thought I was getting when I bought the Books and tapes? What a greedy little tight wad! When are you going to write a book with substance? Hey Newbs! Trust me, yes you need real business skills, there are plenty of great business books out there, take some of that 17,000 and buy some and be careful with the rest you're going to need it.
Excellent small business framework.......2007-07-23
Michael Gerber does a very good job outlining a basic approach to small business development. His approach may give some readers an enlightened perspective on their current small business dilemas. He has an insightful understanding of how typical contractors think and the challenges we all deal with everyday. This book won't solve your problems - you have to do that - but it will give you the basic groundwork needed to change the way you think about your business and how you run it.
Quick read explaining importance of CashFlow for business owners........2007-07-12
This is another in the series of E-myth books. While focused on (building) contractors, it is very applicable for any business owner. It breaks down the different ways to look at money related to business. A quick read, especially if you have read the e-myth Revisited. I usually go purchase a bunch for each new client to get them on the same page of understanding that running your business by the checkbook or float is a recipe for disaster. I recommend reading this after e-myth revisited and before e-myth mastery.
Awesome.......2007-03-14
Absolutley essential book. He shares some great business ideas that you might have otherwise overlooked.
Not worth the time or money.......2007-02-04
This book repeats a few of the strategies presented in "The E-Myth Revisted", trying to point them at the contractor. Unfortunately, except for a couple of good ideas from that book, there is nothing here but fluff and pep talk. At one point, I think you can actually tell where material was cut-and-pasted from the sister book about medical practices, where they accidentally forgot to change "practice" to "contracting business".
If you found some chapters of the "The E-Myth Revisted" to be a bit fluffy for you, you can count on an entire (although short) book of it here. Very dissapointing and not particularly useful.
Average customer rating:
- Good Book but no answers to Problems
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The Capital Budgeting Process
Shahid Ansari
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Paperback
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Capital Budgeting
ASIN: 007231575X |
Customer Reviews:
Good Book but no answers to Problems.......2004-01-07
This is a well laid out book, with very good examples and problems. My reason for giving it a 3 star rating is the absence of answers to numerical problems. I had purchased this book as a self help improvement process in the Capital Budgeting process. But if there are no answers to the problems, than a person does not know how effective was the learning.
The book is organized well, and has good examples and explainations.
Book Description
Fast track route to strategic cash flow management
Covers the key areas of cash flow, from developing a strong understanding of cash flow within the business cycle and the origins of cash flow analysis to maximising cash flow efficiencies and cash flow returns on capital investments
Examples and lessons from some of the world's most successful businesses, including Dell Corporation, and ideas from the smartest thinkers, including DuPont, Philip Kotler, Igor Ansoff, Gahlon and Vigeland and Dropkin and Hayden
Includes a glossary of key concepts and a comprehensive resources guide
Download Description
Fast track route to strategic cash flow management. Covers the key areas of cash flow, from developing a strong understanding of cash flow within the business cycle and the origins of cash flow analysis to maximising cash flow efficiencies and cash flow returns on capital investments. Examples and lessons from some of the world's most successful businesses, including Dell Corporation, and ideas from the smartest thinkers, including DuPont, Philip Kotler, Igor Ansoff, Gahlon and Vigeland and Dropkin and Hayden. Includes a glossary of key concepts and a comprehensive resources guide.
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Cash Is King: A Practical Guide to Strategic Cash Management (Financial Times Management Series)
Keith Checkley
Manufacturer: Financial Times Management
ProductGroup: Book
Binding: Hardcover
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| Business Ethics
| Consolidation & Merger
| Decision-Making & Problem Solving
| Distribution & Warehouse Management
| Industrial
| Information Management
| Leadership
| Management
| Management Science
| Motivational
| Negotiating
| Operations Research
| Planning & Forecasting
| Pricing
| Production & Operations
| Project Management
| Quality Control
| Risk Assessment
| Statistics
| Strategy & Competition
| Systems & Planning
| Systems Analysis
| Teams
| Total Quality Management
| Training
ASIN: 0273604651 |
Product Description
Strategic Management, Financial Analysis and Cash Flow unites the wisdom of V. Seshan, Ph.D., Senior Corporate Executive with America's leading Fortune 500 companies (IBM, DuPont, Olin and Arco) and Alan J. Rowe, USC's Distinguised Emeritus Professor of Management. Alan Rowe has authored many books on Strategic Management and Leadership and published over 150 articles on management-related subjects, collaborated with V. Seshan on this project.
Book Description
Create market-focused strategies that make maximum use of your company's technologies
What separates the best from the rest among professional managers? The ability to constantly create, rethink, and revamp strategies by creating and applying powerful new concepts. But a major problem for managers in technology-intensive companies is how to successfully integrate their choice of technologies into competitive market strategies. Transforming New Technologies into Cash Flow develops and applies a simple but powerful new set of concepts to help managers in technology-intensive companies integrate their technology choices with marketing strategies that drive profits high and keep cash flowing.
This unique book helps managers map and plan new strategic paths that successfully integrate bundles of technologies, product functionalities, end-user segments, and market networks to create market-focused strategies and competitive differentiation. The book uses case examples and provides a "Management Application Toolkit" of simple and tested maps, worksheets, and interactive cash flow spreadsheets to connect strategic path choices to long-term net cash flow that results in real financial success.
Transforming New Technologies into Cash Flow examines:
a management process perspective
the importance of creating market focus
strategic paths; integrating technology choices
organizing management teams around strategic paths
major management problems with new technologies
strategic path mapping, analysis, and integration
managing the technology development and adoption processes
integrating strategic path bundles: managing transformation processes
creating powerful competitive differentiation
creating "hot" zones on strategic paths
driving cash flow with stategic paths
the critical role of pricing
and much more! Transforming New Technologies into Cash Flow is an essential professional resource for senior and middle multifunction managers in technology-intensive companies, technical, R&D, and engineering managers, and managers in executive education workshops. This book is part of The Foundation Series in Business Marketing, which also includes Fundamentals of Business Marketing Research and Fundamentals of Business Marketing Education: A Guide for University-Level Faculty and Policymakers (Series Senior Editor: J. David Lichtenthal, PhD, MBA, Zicklin School, Baruch College, City University of New York).
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A BANKER'S PERSPECTIVE on WORKING CAPITAL and CASH FLOW MANAGEMENT.: An article from: Strategic Finance
Dev Strischek
Manufacturer: Institute of Management Accountants
ProductGroup: Book
Binding: Digital
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ASIN: B0009FGKVO
Release Date: 2005-07-28 |
Book Description
This digital document is an article from Strategic Finance, published by Institute of Management Accountants on October 1, 2001. The length of the article is 4331 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 BANKER'S PERSPECTIVE on WORKING CAPITAL and CASH FLOW MANAGEMENT.
Author: Dev Strischek
Publication:
Strategic Finance (Refereed)
Date: October 1, 2001
Publisher: Institute of Management Accountants
Volume: 83
Issue: 4
Page: 38
Distributed by Thomson Gale
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Cash Flow Management In a Leveraged Environment: A CFO Who's Experienced Managing Debt-Laden Companies Offers Some Advice.: An article from: Strategic Finance
Marty Moore
Manufacturer: Institute of Management Accountants
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Binding: Digital
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ASIN: B0008ED078
Release Date: 2005-07-29 |
Book Description
This digital document is an article from Strategic Finance, published by Institute of Management Accountants on January 1, 2002. The length of the article is 1615 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: Cash Flow Management In a Leveraged Environment: A CFO Who's Experienced Managing Debt-Laden Companies Offers Some Advice.
Author: Marty Moore
Publication:
Strategic Finance (Refereed)
Date: January 1, 2002
Publisher: Institute of Management Accountants
Volume: 83
Issue: 7
Page: 31(3)
Distributed by Thomson Gale
Book Description
This digital document is an article from Strategic Finance, published by Institute of Management Accountants on February 1, 2002. The length of the article is 2895 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: Fast track to direct cash flow reporting: It's easier than you think to provide the information financial statement users want. (Financial Management).(business accounting method)(Statistical Data Included)
Author: Paul B.W. Miller
Publication:
Strategic Finance (Refereed)
Date: February 1, 2002
Publisher: Institute of Management Accountants
Volume: 83
Issue: 8
Page: 51(6)
Article Type: Statistical Data Included
Distributed by Thomson Gale
Books:
- History: Fiction or Science? (Chronology, No. 1)
- Inside Home Depot
- Integration-Ready Architecture and Design: Software Engineering with XML, Java, .NET, Wireless, Speech, and Knowledge Technologies
- John Deere Industrials
- Jump Start Your Business Brain: Win More, Lose Less, and Make More Money
- Labor Day Murder (Christine Bennett Mysteries)
- Landing on the Right Side of Your Ass: A Survival Guide for the Recently Unemployed
- Learning to Labor: How Working Class Kids Get Working Class Jobs
- Living In, Living Out: African American Domestics and the Great Migration (Kodansha Globe Series)
- Marketing Effectively (DK Essential Managers)
Books Index
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