Book Description
Warfighting is an authentic American philosophy of action that will thrill the millions of fans of SunTzu's The Art of War and Musashi's T he Book of Five Rings. This modern classic of strategy and philosophy is the quintessential guide to prevailing in competitive situations, be it war, work, play, or daily living.
Sometimes life is war and sometimes business is war and sometimes you need to call in the Marines. Over the past two hundred years, the Marines have developed a reputation for getting the job done-fearlessly, boldly, and taking no prisoners. What better role model for the hidden warriors in ourselves? What better advice to call on when the stakes are high and sensitivity just isn't going to work? Written in 1989 as a philosophical and strategic guide-book for the US. Marine Corps, Warfighting is a worthy successor to SunTzu's The Art Of War. With clarity, brevity, and wisdom, it describes the basic forces at work in every competitive situation whether on the field of battle, in the boardroom, or in the courtroom. With twentieth-century technology and its emphasis on speed and versatility, the rules of war and competition have changed. Warfighting's exploration of maneuver warfare takes readers beyond Sun Tzu's classic lessons and provides them a more thorough understanding of what it takes to fight and win in the modern world. Currency's edition of Warfighting features interviews with famous former Marines including F. Lee Bailey, Ed McMahon, and Donald Regan. They tell how they have used the Marine Corps' battle strategies of strength and straightforwardness as their secret weapons in every confrontation, whether at a corporate, departmental. or personal level.
Customer Reviews:
Absolutely Brilliant, Simple and Profound.......2007-04-18
This is the best book that I've ever read regarding military doctrine-- it elegantly sums up the most relevant points of Clausewitz and Boyd's OODA Loop to come to sound military principle in less than 100 pages. It also includes a number of references to the Eastern military philosophy (think Art of War and the Book of Five Rings, both required reading for the Japanese businessman) and ties them to our Western military philosophy quite elegantly.
If you aren't familiar with Clausewitz then I'd recommend picking up On Strategy by Summers; Warfighting will not give you all of the elements necessary to understand concepts like Friction.
This book travels with me wherever I go-- it is relevant to business and even personal development and is more than worth the price being charged for it.
A Fine Pamphlet, But Not a Manual.......2006-11-20
Warfighting was written for the Marine unfamiliar with maneuver warfare to pick up, flip through, memorize the axioms, and apply in battle. As such, like most other field manuals issued to soldiers, it is a distillation of a large swath of ideas from Sun Tzu to Liddell-Hart. That said, it packs a good punch for such a small work. If, however, you're looking for a more detailed illustration of the principles outlined here, you might take a look at B.H. Liddell-Hart's "Strategy" as well as Thomas Cleary's translation of Sun Tzu's "The Art of War."
Additionally, those westerners who enjoy axioms focusing on the flux of life, war, or what have you might also like to take a look at Heraclitus' "Fragments." The basic tenets of Taoism that permeate Sun Tzu (and, by proxy, "Warfighting") can be equally well found in Heraclitus. His primary "thesis" if you will, "nothing is stationary, life is flux," is the axiom upon which maneuver warfare strategy is founded.
If Sun Tzu were a Marine...........2006-10-14
The US Marine Corp's version of Sun Tzu's Art of War. Concise and direct as would be expected from the Marines, yet with depth enough to make the points clear. A wonderful work for explaining how the Marines fight wars and a good resource for a competive advantage in any context. A handy resource for the military or military history enthusiast. A must read for every Marine. Insight for business leaders and more.
Outstanding!.......2006-03-18
I liked this because it's direct(no psychological excuses for your inadequacy). It's short so there's no wading through opinion and hearsay. It's timeless because it's based on principle. It's applicable like Danforth's "I Dare You"(you have to think:"how does this apply to my life"). It's fully referenced so you can dig deeper.I catch myself going back and rereading it all the time(no you can't borrow mine).
Sun Tzu and Clausewitz distilled for the MTV generation.......2005-10-15
Great book that takes elements of traditional knowledge about war making (Sun Tzu, Clausewitz, etc) and combines it with the know-how of war as gathered by the United States Marine Corps in the modern era.
Stacking this book up against the likes of Sun Tzu and Clausewitz, it is probably better than both when it comes to a straightforward, contemporary appreciation of the elements of war.
As other reviewers have observed, there is a tendency for people to get mired in the meaning of Sun Tzu and Clausewitz is probably too complex and heavy-going for most readers.
This book is short, to the point, but has great value. I also like the language and style of the book. Great stuff.
Product Description
Since Fleet Marine Force Manual 1, Warfighting, was first published in 1989, it has had a significant impact both inside and outside the Marine Corps. That manual has changed the way Marines think about warfare. It has caused energetic debate and has been translated into several foreign languages, issued by foreign militaries, and published commercially. It has strongly influenced the development of doctrine by our sister Services. Our current naval doctrine is based on the tenets of maneuver warfare as described in that publication. Current and emerging concepts such as operational maneuver from the sea derive their doctrinal foundation from the philosophy contained in Warfighting. Our philosophy of warfighting, as described in the manual, is in consonance with joint doctrine, contributing to our ability to operate harmoniously with the other Services. That said, I believe Warfighting can and should be improved. Military doctrine cannot be allowed to stagnate, especially an adaptive doctrine like maneuver warfare. Doctrine must continue to evolve based on growing experience, advancements in theory, and the changing face of war itself. It is in this spirit that Warfighting has been revised, and this publication, Marine Corps Doctrinal Publication 1, supersedes Fleet Marine Force Manual 1." --C. C. KRULAK, General, U.S. Marine Corps, Commandant of the Marine Corps
Customer Reviews:
The Basic Marine Corp Doctrine.......2005-12-12
This small, easy to understand manual describes the basic, most fundamental function of the U.S. Marines - warfighting.
This is the updated version,from 1997. It is not intended as a reference manual; it is designed to be read from cover to cover. It has four chapters.
Chapter 1 describes the basic Marine Corp understanding of the characteristics, problems, and demands of war.
Chapter 2 derives a theory about war from that understanding.
Chapters 3 and 4 uses this theory as as the foundation as to how the Marines prepare for war and how they wage war.
This publication describes the philosophy which distinguishes the Marine Corps. This philosophy is the Marine Corps approach to duty in war, in crisis, and in peace.
The book presents this philosophy for all Marines from the commandant to the lowest private in a clear and concise manner. It is expected that all Marines will read and apply it.
Book Description
Occasionally, militaries during times of peace achieve major warfighting innovations. Terry Pierce calls these 'disruptive innovations'. The more common innovation phenomenon, however, has been that of integrating new technologies to help perform existing missions better and not change them radically. The author calls these 'sustaining innovations'. The central theme of this book is that senior leaders who have successfully managed disruptive innovations disguised them as sustaining in order to ensure their innovations survived.
The recent innovation history suggests two interesting questions. First, how can senior military leaders achieve a disruptive innovation when they are heavily engaged around the world and they are managing sustaining innovations? Second, what have been the external sources of disruptive (and sustaining) innovations?
Customer Reviews:
Save your money..........2007-08-01
This book's vacuous theories are from an academic who has never heard the sound of gunfire. This is "tasteless" frosting and no practical, experience-based cake. This review comes from the perspective of a special operations combat veteran of Operation Iraqi Freedom, Enduring Freedom Afghanistan and Enduring Freedom Philippines, working with and as a member of some of the most elite combat formation this nation has ever fielded. Terry Piece's claim to nautical fame is that he won the Arleigh Burke essay contest not once, but twice (and he will be sure to point this out fact to you within the first five minutes of meeting him). While this is a commendable peace-time academic achievement, it is functionally useless and operationally without merit in a time of war.
Despite his perceived expertise as the "Chief of Staff of the Amphibious Forces of the US 7th Fleet" (Largely a paper staff without a mission of consequence), where the metal hits meat, this book is crass. Terry Pierce bases his writing on future warfare abstracts and the excellent works of others in documenting the Battle History of the US Navy. I don't challenge the theories of Terry Pierce...I indict Terry Pierce as leader, and self proclaimed expert. Many of his perceived `advanced' theories are simply those...untested theories. The quality of his leadership and his approaches to doctrine other than his own were often downright ""Flintstonian". His own professional actions do not support his diatribe regarding the flaws of civilian intervention, inter (and intra) service rivalry, to small groups and disguising processes...for all of these flawed qualities embody the spirit and the character of the author.
This book evaluates "... based on new research and case studies, the theories of those who have previously written on military innovation, including Barry Posen, Steve Rosen, and Wick Murray. Highly recommended for academics and military personnel interested in the process of force transformation..." but brings little in the way truly workable innovation. Theory without practical solutions is useless when confronting the huge problems of transformation during wartime today's military faces. This book is more of a regurgitative history lesson rather than a way ahead in the sea of obstacles to true transformation.
Cloaked in his own self-aggrandizement, Terry Piece has applied his personality against many a well-meaning sailor and potentially excellent officers, suppressing the good to advance his subservient minions. "However, personalities are also consequential: the same personality that fights hard for a particular innovation may also fail to protect and promote subordinates likely to sustain the innovation." He did not protect or advance his subordinates; he reveled with self-bemusement as he tormented and picked at his staff until it was a gangrenous wound of ineffectiveness.
Since the author is known quantity to those who have served with him, it is impossible evaluate the work without an evaluation the personal industry that created it. In the end, all works mirror their creator and this one is no different...lofty in its intent, but shallow in its ultimate impact. Save your money...
Go to any of the myriad of other publications which address these same issues in a more thought provoking, profound and most importantly, complete way.
How Do We Get Beyond Machiavelli's Paradox?.......2004-11-30
What is military innovation? Is it the slow, evolutionary process of change that occurs naturally, or is it the disruptive change that changes the character of warfare, and gets everyone excited? Furthermore, how do innovators bring their vision to fruition? When does the military categorically accept an innovation through organizational, doctrinal, or technological alignments? What is the route to success? These are substantial questions that Captain Terry Pierce, U.S. Navy, takes on in this groundbreaking work.
Captain Pierce thoughtfully constructs arguments based on case studies of military innovation that include Marine Corps helicopter warfare and maneuver warfare, to Navy continuous aim gunfire and carrier warfare. The study identifies and examines external and internal causes of disruptive and sustaining innovation, ranging from civilian intervention and inter (and intra!) service rivalry, to small groups and disguising processes.
He concludes that disruptive innovation theory explains why many innovations fail, despite well-meaning, and potentially revolutionary consequences for warfare. However, personalities are also consequential: the same personality that fights hard for a particular innovation may also fail to protect and promote subordinates likely to sustain the innovation.
Overall, this book rates well. Captain Pierce uses an engaging style to keep readers interested, while providing us with the benefit of his military experience and academic research. For readability, it is right up there with Hone, Friedman, and Mandeles' book on American & British Carrier Development. It evaluates, based on new research and case studies, the theories of those who have previously written on military innovation, including Barry Posen, Steve Rosen, and Wick Murray. Highly recommended for academics and military personnel interested in the process of force transformation.
Book Description
This up-to-date and comprehensive two-disc CD-ROM set provides a great collection of U.S. Marine Corps Doctrine Division Field Manuals, with over 200 titles ranging from assault support and urban operations to Marine Corps values and Warfighting. They are Illustrated with color and black and white photography, diagrams, line drawings, charts and graphs. Here are some of the titles included in this set:
Intelligence Preparation of the Battlefield; Reconnaissance Reports Guide; Multiservice Procedures for Theater Missile Defense Intelligence Preparation of the Battlespace; Multiservice Procedures for Requesting Reconnaissance Information In A Joint Environment; Imagery Intelligence; Ground Reconnaissance; Signals Intelligence; Remote Sensor Operations; Counterintelligence; Intelligence Dissemination; Geographic Intelligence; Intelligence Production and Analysis; Intelligence Collections; Intelligence Operations; Pistol Marksmanship; Survival, Evasion and Recovery; First Aid; Survival; Marine Combat Water Survival; Marine Physical Readiness Training for Combat; Rifle Marksmanship; How to Conduct Training; Unit Training Management Guide; Marine Artillery Survey Operations; Supporting Arms Observer, Spotter and Controller; TTP for Field Artillery Manual Cannon Battery; MCFSS Techniques and Procedures; Engineer Reconnaissance; Marine Air-Ground Task Force Breaching Operations; Breaching; Explosive Ordnance Disposal; River-Crossing Operations; Engineering Operations; Marine Artillery Support; Marine Artillery Operations; Fire Support Coordination In The Ground Combat Element; Multiservice Procedures For the Tactical Employment of Nonlethal Weapons; Static Line Parachuting Techniques and Training; Antiarmor Operations; Scout Sniping; Tactical Employment of Mortars; Machine Guns and Machine Gun Gunnery; Light Armored Vehicle-25 (LAV-25) Gunnery and Employment; Employment of the Light Armored Infantry Battalion; Tank And Mechanized Infantry Company Team; Tank Platoon; Marine Corps Tank Employment; Tactical Fundamentals of Helicopterborne Operations; Scouting and Patrolling; Marine Rifle Squad; Marine Rifle Company/Platoon; Ground Combat Operations; Unexploded Ordnance (UXO) Procedures; Army Ephemeris (Astronomical Tables and Charts); Tables for Artillery Meteorology; Multiservice Procedures for Explosive Ordnance Disposal in a Joint Environment; UXO Multiservice Procedures For Operations In An Unexploded Ordnance Environment; Engineer Forms and Reports; Tactics, Techniques and Procedures for Multiple Launch Rocket System (MLRS) Operations; Targeting: The Joint Targeting Process And Procedures For Targeting Time-Critical Targets; Mortar Gunnery; Helicopter Insertion/Extraction; Marine Troop Leader's Guide; Low Altitude Air Defense Handbook; Multiservice Procedures For Joint Air Operations Center (JAOC) And Army Air And Missile Defense Command (AAMDC) Coordination; Multiservice Air-Air, Air-Surface, Surface-Air Brevity Codes; Multiservice Procedures For Joint Air Traffic Control; Air Reconnaissance; Low Altitude Air Defense Handbook; Marine Air Command & Control System (MACCS) Communications Handbook; Marine Air Traffic Control Detachment Handbook; Tactical Air Operations Center Handbook; Sector Antiair Warfare Coordinator Handbook; Direct Air Support Center Handbook; Marine Air Command and Control System Handbook; TAGS Multiservice Procedures For The Theater Air-Ground System; Control of Aircraft and Missiles; Assault Support; Deep Air Support; Offensive Air Support; Suppression of Enemy Air Defense (SEAD); Antiair Warfare; Aviation Logistics; Aviation Ground Support; Aviation Operations; Multiservice Tactics, Techniques and Procedures for Nuclear, Biological, and Chemical (NBC) Defense of Theater Fixed Sites, Ports and Airfields; NBC Decontamination; NBC Protection; Multiservice Procedures For Nuclear Biological, And Chemical (NBC) Protection; Chemical Operations Principles and Fundamentals; Multiservice Tactics, Techniques, And Procedures For Nuclear Biological, And Chemical Defense Operations; Desert Operations; Jungle Operations; Cold Weather Operations; Military Police in Support of the MAGTF; Domestic Support Operations; Marine Corps Public Affairs; Civil Disturbances; Ship-To-Shore Movement
For the remainder of the titles included here, please see the Table of Contents link.
The documents are reproduced using Adobe Acrobat PDF software - allowing direct viewing on Windows and Apple Macintosh systems. Reader software is included on the CD-ROM.
Our CD-ROMs are privately-compiled collections of official public domain U.S. government files and documents - they are not produced by the federal government.. They are designed to provide a convenient user-friendly reference work utilizing the benefits of the Adobe Acrobat format to uniformly present thousands of pages that can be rapidly reviewed, searched by finding specific words, or printed without untold hours of tedious research and downloading. Vast archives of important public domain government information that might otherwise remain inaccessible are available for instant review no matter where you are. This book-on-a-disc makes a great reference work and educational tool. There is no other reference that is as fast, convenient, comprehensive, thoroughly researched, and portable - everything you need to know, from the federal sources you trust.
Book Description
This digital document is an article from Armor, published by Thomson Gale on March 1, 2006. The length of the article is 710 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: 2006 Armor Warfighting Symposium: "Mounted Warriors for a Nation at War".
Publication:
Armor (Magazine/Journal)
Date: March 1, 2006
Publisher: Thomson Gale
Volume: 115
Issue: 2
Page: 80(1)
Distributed by Thomson Gale
Book Description
This digital document is an article from Armor, published by Thomson Gale on March 1, 2007. The length of the article is 948 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: 2007 Armor Warfighting Conference: "Armor: Strong Today--Strong Tomorrow".
Author: Gale Reference Team
Publication:
Armor (Magazine/Journal)
Date: March 1, 2007
Publisher: Thomson Gale
Volume: 116
Issue: 2
Page: 52(2)
Distributed by Thomson Gale
Book Description
This comprehensive CD-ROM provides the complete story of the U.S. Marine Corps Warfighting Laboratory (MCWL) with information on Warfighting Experimentation; Sea Viking 2004 and the Experimentation Campaign Plan.
The U.S. Marine Corps Warfighting Laboratory, originally known as the Commandant's Warfighting Laboratory, was established in 1995. It is located at Quantico, Virginia, and is part of the Marine Corps Combat Development Command. The Lab's purpose is to improve current and future naval expeditionary warfare capabilities across the spectrum of conflict for current and future operating forces. Throughout the fall of 2004 the MCWL will be focused on supporting Sea Viking 2004. Coverage includes: Commanding General's Biography; Mission & Charter; Current Events; Sea Viking 2004. MCWL Fact Sheets (illustrated with color photography) include: Automatic Lightweight Grenade Launcher (MK-47); Alternative Power; Command & Control Integration; Combat Decision Range (CDR); Center for Emerging Threats and Opportunities (CETO); Dismounted Combat Identification; Dragon Eye (UAV); Dragon Fire; Dragon Runner; Enhanced Reconnaissance; Expeditionary Tactical Communications System; First Aid Kit; Forward Resuscitative Surgical System; Improved Airborne Command & Control Capability (IAC3); Integrated Intra Squad Radio (IISR); Intra Platoon Radio (IPR); Joint Expeditionary Field Fortification (JEFF); Joint High Speed Vessel; Local Area Security System (LASS); M3M .50 Caliber Machine Gun; MAGTF Utility Tractor, Tactical (MUTT); Marine Corps Warfighting Laboratory (MCWL); Millennium Dragon 2002 (MD02); Mine Counter-Measures (MCM); Mobile Counter Fire System (MCFS); Night Integrated Training Environment; Office of Science & Technology Integration (OSTI); P90 Submachine Gun; Preliminary First in Command & Control System; Project Albert; Project Metropolis; Project Phoenix; Quick Clot; Reconnaissance, Surveillance & Target Acquisition (RSTA); Science & Technology Operations Information Center (STOIC); Squad Forcible Entry Kit; Tactical All Terrain Vehicle; Target Handoff System; Telepresent Rapid Aiming Platform (TRAP); Urban Combined Arms Experiment (UCAX); Wargaming.
The documents are reproduced using Adobe Acrobat PDF software - allowing direct viewing on Windows and Apple Macintosh systems. Reader software is included on the CD. There is no other reference that is as fast, convenient, comprehensive, and portable.
Our CD-ROMs are privately-compiled collections of official public domain U.S. government files and documents - they are not produced by the federal government. They are designed to provide a convenient user-friendly reference work, utilizing the benefits of the Acrobat format to uniformly present thousands of pages that can be rapidly reviewed or printed without untold hours of tedious searching and downloading. Vast archives of important public domain government information that might otherwise remain inaccessible are available for instant review no matter where you are. This book-on-a-disc makes a great reference work and educational tool.
Average customer rating:
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Air Defense Artillery Reference Handbook (U.S. Army Field Manual, FM 3-01.11)
U.S. Army
Manufacturer: WVNavy LLC
ProductGroup: Book
Binding: CD-ROM
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ASIN: B000Q00SJ2 |
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The purpose of this field manual (FM) is to familiarize personnel with ADA operations and weapon systems. This FM will be useful to personnel serving in the following types of positions:
1. Staff positions requiring general knowledge of Air Defense Artillery systems and operations.
2. Instructor positions in service schools and the Reserve Officer Training Corps (ROTC)
3. Members of advisory elements and groups assigned to missions in foreign countries
4. Advisory positions in reserve component forces
5. Command and leadership positions in special operations force units
6. Executive positions and advisory positions that require knowledge of air defense subjects
Product Description
WAR ON TERR0RISM WAR TACTICS
Book Description
Global Investing is based on the authors' award-winning research on investment returns. It gives extensive treatment to the returns on all major asset categories--many found nowhere else--and relates these returns to risk, marketability, taxation, and information costs. Supplementing this wealth of information is sound financial advice on building and maintaining diversified portfolios, based on field-tested economic analysis and historical evidence of capital markets throughout the world--including the boom of 1986-1987 and the subsequent crash, as well as recent developments in Europe and on the Pacific Rim. To expand investment choices and help readers get the greatest return in investment markets, Global Investing pinpoints where money has been made in stocks, bonds, cash and cash equivalents, real estate, gold and silver, tangible assets, options, and futures. What's more, it covers the introduction of new financial instruments and opportunities, including asset allocation and derivative securities. Incisive, intelligent, and packed with charts, tables, and graphs, Global Investing helps investors and financial professionals track broad global trends, identify the risks associated with investments in various assets, and select the right investment opportunities.
Book Description
This book is a survey of exchange-rate economics. Using the latest econometric techniques, it covers the main theories that explain the determination of exchange rates and utilizes recent empirical data on exchange rate behavior.
Download Description
In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.
Customer Reviews:
The best.......2006-07-26
Sarno and Taylor placed different approachs of the Exchange Rate teory in this book.
Outstanding!.......2003-09-09
This is a well-written and comprehensive survey of the modern international finance literature. I recommend this book to PH.D students who looking for a dissertation topic. Researchers should also have a copy of this book for reference.
Average customer rating:
- A clear overview of the history of international exchange rates
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The Rules of the Game: International Money and Exchange Rates
Ronald I. McKinnon
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Hardcover
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Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue
ASIN: 0262133180 |
Book Description
Generalized financial volatility is capitalism's Achilles' heel. And nowhere is the problem of controlling such volatility more acute than in monetary and exchange-rate relationships across countries - the central theme of this book.
The Rules of the Game brings together essays, written over the course of thirty years, by a major figure in the field that analyze and compare a wide variety of important international monetary regimes. These range from the establishment of the gold standard in the nineteenth century through Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, to current proposals for reforming world monetary arrangements.
The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.
Part I assesses each monetary regime's success in stabilizing prices and exchange rates, while fostering international trade. Part II addresses a central question each country faces: what are the benefits of giving up exchange-rate flexibility to join a common monetary standard? Part III focuses on overall monetary reform for limiting financial volatility and exchange-rate crises in the next century - including whether or not Western Europe should adopt a common currency. The last chapter synthesizes and updates the author's previous writings on rationalizing monetary arrangements among the major industrial countries of North America, Western Europe, and East Asia.
Customer Reviews:
A clear overview of the history of international exchange rates.......2007-07-20
This book is a fine reference for a mainstream neoclassical-Keynesian synthesis view of money and exchange rates. It's a good source for information about the arrangements that governed international trade under the various international agreements of the last 100 years or so.
I give the book three stars for some of its theoretical failures, which is first and foremost, a misunderstanding of the nature of money, and hence, of exchange rates. The book follows much of the economics field in treating money as a creature of the government. That is only the case in the last 35 years or so, which is a kind of radical experiment. Money does not exist because governments say so. If this were true, money could never have developed. Money is a medium of exchange which has everything to do with its status as a store of value. Governments cannot create an item that has value simply by a government seal. All over the world, fiat currencies have lost value rapidly, because the long-term historical value of paper money is zero. Exchange rates operate chaotically, because they depend on arbitrage in foreign exchange markets, but all fiat currencies are inexorably headed toward zero.
While this book is a good reference for how much of the economics field views money, I find it gives a misleading picture of the nature of money. I'd recommend Rothbard's "What has the government done to our money?" for a clearer picture.
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Managing Risk in the Foreign Exchange, Money and Derivative Markets
Heinz Riehl
Manufacturer: McGraw-Hill
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Binding: Hardcover
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ASIN: 0070526737 |
Book Description
A professional's guide to controlling risk when investing in the foreign exchange and money markets. Particular emphasis on the use of derivatives. The book offers a unique perspective combining coverage of all three areas.
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Real Exchange Rates, Devaluation, and Adjustment: Exchange Rate Policy in Developing Countries
Sebastian Edwards
Manufacturer: The MIT Press
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Binding: Hardcover
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ASIN: 0262050390 |
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Real Exchange Rates, Devaluation, and Adjustment provides a unified theoretical and empirical investigation of exchange rate policy and performance in scores of developing countries. It develops a theory of equilibrium and disequilibrium real exchange rates, takes up the question of why devaluations are the most controversial policy measures in poorer nations, and discusses what determines their success or failure.
In a lucid fashion, Edwards organizes vast amounts of data on exchange rates - both real and nominal - and discusses their effect on net trade balances, net asset positions, output growth, real wages, and rates of price inflation, analyzed both in time series and through cross country comparisons. Edwards's investigation singles out 39 major devaluation episodes for before and after comparative analyses while simultaneously isolating the separate effects of other important explanatory variables, such as bank credit expansion and changes in the terms of trade.
The first part of the book focuses on theoretical models of devaluation and real exchange rate behavior in less developed countries. Special attention is paid to intertemporal channels in the transmission of disturbances. The second part uses a large cross country data set to analyze the way the real exchange rate has behaved in these nations. The data are also used to test the implications of several theories of real exchange rate determination. The third part analyzes actual devaluation experiences between 1962 and 1982. These chapters examine the events leading to a balance of payments crisis and to a devaluation, exploring the relation between macroeconomic disequilibrium, and the imposition of trade and exchange controls. They also investigate the effect of nominal devaluation on key variables such as the balance of payments, the current account, the real exchange rate, real output real wages, and income distribution.
Sebastian Edwards is Professor of Economics at the University of California at Los Angeles and Research Associate at the National Bureau of Economic Research.
Book Description
Models and Strategies for Exchange Rate ForecastingMichael R. RosenbergGetting an accurate exchange rate is critical for any company doing business in today's global economy. Exchange Rate Determination--written by the number one-ranked foreign exchange team in the world--examines the methods used to accurately and profitably forecast foreign exchange rates.
This hands-on guidebook uses extensive charts and tables to examine currency option markets, productivity trends and exchange rates; technical analysis methods to improve currency forecasting accuracy; and more.
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Monetary Policy, Capital Flows and Exchange Rates: Essays in Honour of Maxwell Fry (Routledge Studies in Money and Banking)
D. Dickinson
Manufacturer: Routledge
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Binding: Library Binding
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ASIN: 0415251354 |
Book Description
This collection has been brought together in honor of the late economist Maxwell Fry. It contains state-of-the-art articles on monetary and exchange rate policy, capital flows, currency markets, and exchange rate policies.
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Financial Geography: A Banker's View (Routledge International Studies in Money and Banking)
Ris Laulajainen
Manufacturer: Routledge
ProductGroup: Book
Binding: Hardcover
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ASIN: 0415278708 |
Book Description
Previously, there a been a distinct lack of literature on the economic geography of the world's financial centers. This book is set to remedy that gap.
Financial Geography is the only geographical reader explaining the intricacies of high finance from a global perspective in the 1990s. It is a comprehensive presentation of institutional backgrounds, markets, products, actors and locations, a non-technical primer for future bankers and financial analysts, and a keystone in the basic education of future executives.
This truly internationally focused book is as enjoyable as is it informative. All students and academics involved with economic geography as well as professionals in the banking and finance industries will find this text to be an indispensible book for their bookshelves.
Book Description
`In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.' Journal of International Economics
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European Foreign Exchange Movements and Financial Institutions
John Doukas
Manufacturer: International Business Press
ProductGroup: Book
Binding: Hardcover
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ASIN: 1560246634 |
Books:
- You Want Me to do What? An Illustrated Book on the Joys of Fellatio: Explicit Techniques
- Your Own Worst Enemy: Breaking the Habit of Adult Underachievement
- A Majority of Scoundrels: An Informal History of the Rocky Mountain Fur Company
- A Nation of Shopkeepers: Five Centuries of British Retailing
- Alternative to Lean Production: Work Organization in the Swedish Auto Industry (Cornell International Industrial and Labor Relations Report)
- Appetite for Profit: How the food industry undermines our health and how to fight back
- Attention to Detail : A Gentleman's Guide to Professional Appearance and Conduct
- Basics of Legal Document Preparation
- Behavioral Interviewing Guide: A Practical, Structured Approach For Conducting Effective Selection Interviews.
- Best Practice: Service Delivery (It Infrastructure Library Series)
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