Michael C. Jensen

This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s.

Paperback (1 to 2 lbs)

Michigan

Governance, Residual Claims, and Organizational Forms

A Theory of the Firm

e1fe6a06-78cc-4363-97cb-5ee3e08c9a8c-0

Cathy Young

Born in Moscow 25 years ago, Ekaterina Jung was raised in the Russian capital until 1980, when she immigrated to the United States with her family. Now an American citizen but with her Soviet childhood still fresh in her memory, Cathy Young provides a unique personal account of what it is like to grow up in Russia, a country that even now remains veiled in mystery and misunderstanding. 8-page photo insert.

Hardcover (1 to 2 lbs)

Memories of a Soviet Girlhood, 1963-1980

Growing up in Moscow

846ad74c-0f7b-4157-9b77-adabec7a8492-0

Paul Krugman

"Paul Krugman is a hero of mine. Read his book."—Al Franken
No one has more authority to call the shots the way they really are than award-winning economist Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine.

A major bestseller, this influential and wide-ranging book has been praised by BusinessWeek as Krugman's "most provocative and compelling effort yet," the New York Review of Books as "refreshing," and Library Journal as "thought-provoking...even funny." The American Prospect put it in vivid terms: "In a time when too few tell it like it is...[Krugman] has taken on the battle of our time."

Built from Paul Krugman's influential Op-Ed columns for the New York Times, this book galvanized the reading public. With wit, passion, and a unique ability to explain complex issues in plain English, Krugman describes how the nation has been misled by a dishonest administration.

In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections... 
This book is Good to Excellent There are no markings in the book, however there is some bends in the pages towards the back of the book nothing severe. 

Heavy Paperback (2 to 4 lbs)

Losing Our Way in the New Century

A respected economist and columnist for The New York Times shares a collection of his most influential columns, along with commentary, that critically analyzes the course of the American economy, looking at the collapse of fiscal responsibility, corporate scandals, political dishonesty, and what the nation needs to get back on track. Reprint. 100,000 first printing.

Great Unraveling

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Peter L. Bernstein

When the recession of 1974 hit Wall Street, the investments profession desperately turned to the theories of a small and unlikely group of academics for guidance in finding a way to regain the value of their clients' holdings. Some of these scholars had begun to study stock prices merely as an expedient way to test the properties of large numbers, but inadvertently, they laid the intellectual foundation for a revolution in commerce. Peter L. Bernstein shows how Wall Street first fought, and then embraced, the advances wrought in the academic seminars and technical journals that ultimately transformed the art of investing.

Heavy Hardcover (2 to 4 lbs)

The Improbable Origins of Modern Wall Street

Reveals how a small group of scholars--Harry Markowitz, William Sharpe, Merton Miller, and others--laid the foundation for a revolution in commerce with theories they developed after the recession in 1974.

Capital Ideas

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With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.

The Remarkable Story of Risk

An entertaining blend of biography and history shows how famous scientists and creative amateurs developed the concepts of risk, risk management, and probability, paving the way for progress in business and technology. 40,000 first printing. $50,000 ad/promo.

Against the Gods

1f1b0169-8902-485d-983d-3b206b17c8c0-1

Laura Ashley

This book offers a fascinating look at the design inspirations that influenced Laura Ashley and shows readers how to achieve the many Laura Ashley looks in their own homes. 250 full-color photographs. (Do-It-Yourself/Home Improvement) GBC

Laura Ashley Style

301adbf9-7374-4f88-9fab-7f19b28256ec-1

Nassim Nicholas Taleb

Destined to become a market classic, Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money managers Watch the professionals. From central banks to brokerages to multinationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, Dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Dr. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine.

Managing Vanilla and Exotic Options

Dynamic Hedging

9fc72b65-8dba-4ba4-b872-7daf419ee703-0

Konrad Heiden

Missing book cover sleeve. Other than that excellent condition.

Journalist Konrad Heiden was one of the first to hear the young Adolf Hitler's rousing orations and to recognize his political ingenuity and perverse, self-serving ideology.
As a staff reporter on the Frankfurter Zeitung Heiden was one of the first writers to take a stand against Naziism, and his is the only contemporary document to give the whole story of Hitler's rise to power from the very beginning to the day in 1934 when the Blood Purge eliminated the last opposition, leaving hom absolute dictator of Germany. As Heiden states: "his path of murder and violence was, in accordance whit Hitler's beliefs, the right path to greatness".

This new edition of Heiden's work shows it to be not only a profound and revealing narrative but an important historical document essential to both historian and layman for a greater understanding of the calamitous events that dominated the twentieth century.

This new edition of this renowned book tells the whole story of Hitler's rise to power, from the very beginning to the Blood Purge of 1934.

Fuhrer

10ef0cf1-9bd2-4cac-bec5-04b157749bea-1

Eric Briys

Mondher Bellalah

Huu Minh Mai

François de Varenne

"Over the past two decades, the mathematically complex models of finance theory have had a direct and wide-ranging influence on finance practice. Nowhere is this conjoining of intrinsic intellectual interest with extrinsic application better exemplified than in derivative-security pricing. The backgrounds of the authors of Options, Futures and Exotic Derivatives fit perfectly this pattern of combining theory and practice and so does their book. The range and depth of subject matter show excellent taste for what is essential to know the field and what is relevant and important to its application in the financial world. In addition to its fine subject-defining, the book delivers on subject-content, with rigorous derivations presented in a clear, direct voice for the serious student, whether academic or practitioner. To the reader: Bon Appetit!" Robert C. Merton, Harvard Business School Long-Term Capital Management, L.P. "One of the merits of this book is that it is self-contained. It is both a textbook and a reference book. It covers the basics of the theory, as well as the techniques for valuation of many of the more exotic derivatives. It contains a detailed knowledge of the field. What is more, however, it is written with a deep understanding of the economics of finance." From the Foreword by Oldrich Alfons Vasicek "The authors have done an admirable job at distilling what is relevant in option research in one single volume. I wish I'd had the chance to read it before wri...

Business & Economics

Theory, Application and Practice

"Over the past two decades, the mathematically complex models of finance theory have had a direct and wide-ranging influence on finance practice. Nowhere is this conjoining of intrinsic intellectual interest with extrinsic application better exemplified than in derivative-security pricing. The backgrounds of the authors of Options, Futures and Exotic Derivatives fit perfectly this pattern of combining theory and practice and so does their book. The range and depth of subject matter show excellent taste for what is essential to know the field and what is relevant and important to its application in the financial world. In addition to its fine subject-defining, the book delivers on subject-content, with rigorous derivations presented in a clear, direct voice for the serious student, whether academic or practitioner. To the reader: Bon Appetit!" Robert C. Merton, Harvard Business School Long-Term Capital Management, L.P. "One of the merits of this book is that it is self-contained. It is both a textbook and a reference book. It covers the basics of the theory, as well as the techniques for valuation of many of the more exotic derivatives. It contains a detailed knowledge of the field. What is more, however, it is written with a deep understanding of the economics of finance." From the Foreword by Oldrich Alfons Vasicek "The authors have done an admirable job at distilling what is relevant in option research in one single volume. I wish I'd had the chance to read it before writing my own book." Nassim Taleb, veteran option arbitrageur and bestselling author of Dynamic Hedging: Managing Vanilla and Exotic Options "This is a delightful promenade in derivatives land. The book is encyclopaedic yet crisp and inspired. It is the story - told in equations - of the charms and spells of options and their underlying mathematics." Jamil Baz, Head of Financial Strategies, Lehman Brothers Europe Building steadily from the basic mathematical tools to the very latest techniques in exotic options, Options, Futures and Exotic Derivatives covers all aspects of the most innovative and rapidly developing area of international financial markets - the world of over-the-counter and tailor-made derivative asset pricing. Written by a globally renowned team of authors this book offers comprehensive coverage of exotic derivative assets and * Deals with numerous new forms of exotic options and option pricing * Provides detailed explanations of different models and numerical methods * Offers a deep understanding of the economics of finance With questions and review sections throughout, Options, Futures and Exotic Derivatives provides a thorough introduction to a crucial and expanding area in the world of finance for both finance students and practitioners.

Options, Futures and Exotic Derivatives

a2dacd30-b11c-406f-9d76-401099f636f8-0

W. Edward Deming

Business & Money, Management & Leadership, Leadership & Motivation excellent condition first page has a name signed June 1993

Light Paperback (1 lb or less)

The New Economics for Industry, Government, Education

49207a89-7804-430e-8286-45059856a084-1

Drew Fudenberg

Jean Tirole

This advanced text introduces the principles of noncooperative game theory in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. This advanced text introduces the principles of noncooperative game theory—including strategic form games, Nash equilibria, subgame perfection, repeated games, and games of incomplete information—in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of noncooperative games studies the behavior of agents in any situation where each agent's optimal choice may depend on a forecast of the opponents' choices. "Noncooperative" refers to choices that are based on the participant's perceived selfinterest. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been most useful in the study of economic problems. They also include some applications to political science. The fourteen chapters are grouped in parts that cover static games of complete information, dynamic games of complete information, static games of incomplete information, dynamic games of incomplete information, and advanced topics.

Game Theory

06cf68e3-b9a5-4565-8083-09703b7e0c19-0

Rangarajan K. Sundaram

Divided into three separate parts, this book introduces students to optimization theory and its use in economics and allied disciplines. A preliminary chapter and three appendices are designed to keep the book mathematically self-contained.

This book, first published in 1996, introduces students to optimization theory and its use in economics and allied disciplines. The first of its three parts examines the existence of solutions to optimization problems in Rn, and how these solutions may be identified. The second part explores how solutions to optimization problems change with changes in the underlying parameters, and the last part provides an extensive description of the fundamental principles of finite- and infinite-horizon dynamic programming. Each chapter contains a number of detailed examples explaining both the theory and its applications for first-year master's and graduate students. 'Cookbook' procedures are accompanied by a discussion of when such methods are guaranteed to be successful, and, equally importantly, when they could fail. Each result in the main body of the text is also accompanied by a complete proof. A preliminary chapter and three appendices are designed to keep the book mathematically self-contained.

A First Course in Optimization Theory

ba743ae0-4d0b-4929-a81b-fc634a966e27-1

Kenneth L. Judd

To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on R^n, including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A website contains supplementary material including programs and answers to exercises.

Numerical Methods in Economics

5b6d4fcc-2f12-4017-b26d-47de0eea3ca1-0

Nancy L. Stokey

Robert E. Lucas

Edward C. Prescott

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.

After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first-order difference equations. They then treat stochastic dynamic programming and the convergence theory of discrete-time Markov processes, illustrating each with additional economic applications. They also derive a strong law of large numbers for Markov processes. Finally, they present the two fundamental theorems of welfare economics and show how to apply the methods developed earlier to general equilibrium systems.

The authors go on to apply their methods to many areas of economics. Models of firm and industry investment, household consumption behavior, long-run growth, capital accumulation, job search, job matching, inventory behavior, asset pricing, and money demand are among those they use to show how predictions can he made about individual and social behavior. Researchers and graduate students in economic theory will find this book essential.
--back cover

Develops the basic methods of recursive analysis, covers stochastic dynamic programming, and presents two fundamental theorems of welfare economics.

Recursive Methods in Economic Dynamics

47ddb025-4169-433c-8c15-f8763e842c85-0

Jean-Francois Revel

Revel probes the origins of the notion that America is the source of all evil: imperialistic, greedy, ruthlessly competitive--a hyperpower whose riches are acquired at the expense of the Third World.

Anti Americanism

a0b60af8-7c37-43c5-8f9f-0763fb6c8414-1

Gary A. Yukl

What makes an effective leader? This bookdiscusses theories of leadership and provides practical advice forbusiness leaders.This text provides a balance of theory andpractice as it surveys the major theories and research onleadership and managerial effectiveness in formalorganizations.Changes in the Seventh Edition include areorganization of chapters to make room for additional materialwhile maintaining the unique structure that addresses bothacademics and practitioners. The text now covers ethical,spiritual, servant, and authentic leadership and discussesdiversity in leadership roles.

For undergraduate and graduate-level courses in Leadership or Managerial Effectiveness. This text provides the most comprehensive survey of the major theories and research on leadership and managerial effectiveness in formal organizations with practical suggestions for improving leadership skills.

Leadership in Organizations

cc9b6046-6cc2-407c-9ded-3ddaaa2c268a-1

Bernard Salanié

A graduate-level introduction to the economic theories of taxation.

The Economics of Taxation

7dff4e31-066d-4361-b13d-be2e717dc0a0-0

Caroline Alexander

Frank Hurley

ISBN 0-375-40403-1In August 1914, days before the outbreak of the First World War, the renowned explorer Ernest Shackleton and a crew of twenty-seven set sail for the South Atlantic in pursuit of the last unclaimed prize in the history of exploration: the first crossing on foot of the Antarctic continent. Weaving a treacherous path through the freezing Weddell Sea, they had come within eighty-five miles of their destination when their ship, Endurance, was trapped fast in the ice pack. Soon the ship was crushed like matchwood, leaving the crew stranded on the floes. Their ordeal would last for twenty months, and they would make two near-fatal attempts to escape by open boat before their final rescue.

Drawing upon previously unavailable sources, Caroline Alexander gives us a riveting account of Shackleton's expedition--one of history's greatest epics of survival. And she presents the astonishing work of Frank Hurley, the Australian photographer whose visual record of the adventure has never before been published comprehensively. Together, text and image re-create the terrible beauty of Antarctica, the awful destruction of the ship, and the crew's heroic daily struggle to stay alive, a miracle achieved largely through Shackleton's inspiring leadership. 

The survival of Hurley's remarkable images is scarcely less miraculous: The original glass plate negatives, from which most of the book's illustrations are superbly reproduced, were stored in hermetically sealed cannisters that survived month...

Shackleton's Legendary Antarctic Expedition

The Endurance

687aa45f-111e-45ab-8c22-30fdf31aeca1-1

Bruce J. Schulman

Used book past Library book. Overall great reeding condition. 
Lyndon B. Johnson and American Liberalism provides a brief yet comprehensive treatment of the major events of Johnson's career but with a central focus on his role as the emblematic figure in the rise and fall of postwar American liberalism. The author includes 15 documents - Johnson's own speeches as well as assessments of the president and his programs by contemporaries and later scholars - that give readers the opportunity to examine LBJ's career firsthand and to evaluate its impact. The book also contains photographs and cartoons from the period, an LBJ chronology, a bibliography, and an index.

A Brief Biography with Documents

Whether admired or reviled, Lyndon B. Johnson and his tumultuous administration embodied the principles and contradictions of his era. Taking advantage of newly released evidence, this revised, second edition incorporates a selection of fresh documents, including transcripts of Johnson' s phone conversations and conservative reactions to his leadership, to examine the issues and controversies that grew out of Johnson's presidency and have renewed importance today.

Lyndon B. Johnson and American Liberalism

c192ad7c-154c-47f9-b223-6eef12ae8150-1

Sigmund Freud

Psychoanalytical Theory (Freudian Psychology), Behavioural Theory (Behaviourism) Paperback some underlining and highlights throughout the book. 

An Analysis of a Case of Hysteria

An appealing and intelligent eighteen-year-old girl to whom Freud gives the pseudonym "Dora" is the subject of a case history that has all the intrigue and unexpected twists of a first-rate detective novel. Freud pursues the secrets of Dora's psyche by using as clues her nervous mannerisms, her own reports on the peculiarities of her family, and the content of her dreams. The personalities involved in Dora's disturbed emotional life were, in their own ways, as complex as she: an obsessive mother, an adulterous father, her father's mistress, Frau K., and Frau K.'s husband, who had made amorous advances toward Dora. Faced with the odd behavior of her family and friends, and unable to confront her own forbidden sexual desires, Dora falls into the destructive pattern of a powerful hysteria. in this influential and provocative case history, Freud uses all his analytic genius and literary skill to reveal Dora's inner life and explain the motives behind her fixation on her father's mistress. -- from back cover.

Dora

7e00f62c-3d94-429b-b9b2-2b65d9035f2a-1

Barbara W. Tuchman

Barbara W. Tuchman, the Pulitzer Prize–winning author of the classic The Guns of August, turns her sights homeward with this brilliant, insightful narrative of the Revolutionary War.

In The First Salute, one of America’s consummate historians crafts a rigorously original view of the American Revolution. Barbara W. Tuchman places the Revolution in the context of the centuries-long conflicts between England and both France and Holland, demonstrating how the aid to the American colonies of both these nations made the triumph of independence possible. She sheds new light on the key role played by the contending navies, paints a magnificent portrait of George Washington, and recounts in riveting detail the decisive campaign of the war at Yorktown. By turns lyrical and gripping, The First Salute is an exhilarating account of the birth of a nation.

Praise for The First Salute

“Nothing in a novel could be more thrilling than the moment in this glorious history when French soldiers arrive [to] see a tall, familiar figure: George Washington. . . . It is only part of Tuchman’s genius that she can reconstitute such scenes with so much precision and passion.”—People

“Tuchman writes narrative history in the great tradition. . . . A persuasive book, which brings us entertaining pictures, scenes and characters.”—Chicago Tribune

“[A] tightly woven narrative, ingeniously structured.”—The Christian Science Monitor

Light Hardcover (1 lb or less)

Presents a fresh view of the American Revolution, chronicling key events from 1776 to 1781 and assessing the repercussions for America, England, France, and other nations

The First Salute

66533343-a178-4e95-b9de-a74145de3cdb-1

Tim Metz

hardcover book with book sleeve. The hour by hour account of the collapse of the stock market on Monday, October 19, 1987.

Black Monday

83b12388-794a-45db-b69f-d233eac75d31-0

Richard Bitner

Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, he reveals the truth about how the subprime lending business spiraled out of control, pushed home prices to unsustainable levels, and turned unqualified applicants into qualified borrowers through creative financing. Learn about the ways the mortgage industry can be fixed with his twenty suggestions for critical change.

An Insider's Tale of Greed, Fraud, and Ignorance

Confessions of a Subprime Lender

422964b6-a95e-4c56-b621-849e21897afe-0

Preston J. Miller

These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this approach from the late 1970s to the 1990s.

Browse by categories

Michael C. Jensen

A Theory of the Firm

Cathy Young

Growing up in Moscow

Paul Krugman

Great Unraveling

Peter L. Bernstein

Capital Ideas

Peter L. Bernstein

Against the Gods

Laura Ashley

Laura Ashley Style

Nassim Nicholas Taleb

Dynamic Hedging

Konrad Heiden

Fuhrer

Eric Briys; Mondher Bellalah; Huu Minh Mai; François de Varenne

Options, Futures and Exotic Derivatives

W. Edward Deming

The New Economics for Industry, Government, Education

Drew Fudenberg; Jean Tirole

Game Theory

Rangarajan K. Sundaram

A First Course in Optimization Theory

Kenneth L. Judd

Numerical Methods in Economics

Nancy L. Stokey; Robert E. Lucas; Edward C. Prescott; Robert E. Lucas

Recursive Methods in Economic Dynamics

Jean-Francois Revel

Anti Americanism

Gary A. Yukl

Leadership in Organizations

Bernard Salanié

The Economics of Taxation

Caroline Alexander; Frank Hurley

The Endurance

Bruce J. Schulman

Lyndon B. Johnson and American Liberalism

Sigmund Freud

Dora

Barbara W. Tuchman

The First Salute

Tim Metz

Black Monday

Richard Bitner

Confessions of a Subprime Lender

Preston J. Miller

The Rational Expectations Revolution

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