Product Description
This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial organization. They show the direction of bias in traditionally calculated index numbers and how biases can affect fundamental conclusions about the growth or stagnation of the economy. ... Read more

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A winning investment strategy for today's volatile markets.

Long a secret guarded by financial insiders, index funds have become a favorite with individual investors of every level.Drawing on their years of experience managing institutional investments, Walter R. Good and Roy W. Hermansen give even novice investors the nuts-and-bolts know-how to boost returns and control risk.

Comprehensive and easy to grasp, this definitive guide covers the basics of indexing in theory, practice...and beyond, to innovative variations.Investors will learn precisely howindex funds work.They'll also discover how to reduce costs, defer taxes, control risk and, in the process, beat the vast majority of actively managed mutual funds.

Packed with helpful charts and graphs, readers will learn how to:* choose the right fund* get started (with as little as a few hundred dollars)* develop a sound portfolio* gauge portfolio risk* assess portfolio performance* make adjustments to improve diversification

Hailed as "a landmark book" in the foreword by John C. Bogle, former Chairman of the Board of The Vanguard Group of Investment Companies, INDEX YOUR WAY TO INVESTMENT SUCCESS leads the way to mastering a stable and lucrative investment strategy. ... Read more

Customer Reviews (1)

Invaluable.
Quite pleased, and informed. The 2 authors have done a commendable job indelivering the facts and opinions in a straightforward, manner. This is oneof the better index books out there. Though there are still far too little.5 index books total?....The other great index book is Larry's...Butoverall, this book is top notch. ... Read more

Product Description
The first book to introduce all investors­­from aggressive day traders to conservative long-term traders­­to the high-leverage, high-profit world of index trading

Index investments work like an index fund, trade like a stock - and have become Wall Street's hottest new investing phenomenon! Although profit potential and versatility has made day traders flock to this new vehicle, How to Be an Index Investor provides step-by-step instructions on how all investors can immediately use these all-purpose securities for both instant profits and protection against risk.

From basic S&P and NASDAQ indexes to elaborate SPYDERS and WEBS, this book contains detailed explanations of the major index trading securities. Investors searching for more information on the ins and outs of index trading will find:

• Strategies for electronic day trading of the indexes
• Techniques and insights from index-trading stars
• Tips for indexing world markets

Customer Reviews (7)

Eye Opener
This book introduced me to an area unknown to me as an individual investor-EXCHANGED TRADED FUNDS (ETF). It was very informative and exciting. I read it and then underlined it,immediately. Max, since I read your book,the world has exploded about i shares. Thank you for the introduction and stimulation to look further. YOU SHOULD BE PROUD.

My Understanding and Confidence Increased with Each Chapter
I bought this book because of my confusion with index funds after reading different advertisements from newspapers and websites. The result of my learnings are three limit orders I just placed for different sector funds.

This book is written objectively without a slant towards a specific product. Also, written for the inexperienced as well as the professional trader. It provided some real insights as to how trading is accomplished (in plain English).

The bing "WOW" was seeing how I was being penalized as long term investor in mutual funds because of the annual tax distribution. Also, the majority of funds do not beat the S&P500 index!! Why invest in them when these new investment resources are available?

Highly recommend this book to all levels of investors.

My Understanding and Confidence Increased with Each Chapter
I bought this book because of my confusion with index funds after reading different advertisements from newspapers and websites. The result of my learnings are three limit orders I just placed for different sector funds.

This book is written objectively without a slant towards a specific product. Also, written for the inexperienced as well as the professional trader. It provided some real insights as to how trading is accomplished (in plain English).

The bing "WOW" was seeing how I was being penalized as long term investor in mutual funds because of the annual tax distribution. Also, the majority of funds do not beat the S&P500 index!! Why invest in them when these new investment resources are available?

Highly recommend this book to all levels of investors.

Indexing
The book introduced me to exchange shares. I bought it a few day ago.Iread it with out putting it down. I have re-read and underlined it. This isa very exciting addition to the concept of "index investing".Exchange traded funds (ETF) are a part of my retirement education.Orthopedic Surgeon, Emeritus

a former active member of the exchange speaks
This is a great book with lots of helpful information about stocks and indexes and which ones to invest in.I highly recommend this book to anyone who wants to participate in the domestic and international markets. ... Read more

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Economic Paper #40 presents a Commonwealth vulnerability index that is designed to quantify the vulernability of a country and provide a means to identify vulnerable states.Softcover. ... Read more

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The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ.

For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for the endpoints. This is the chain consistency required of price indices. A usual supposition is that the index is determined by a formula involving price and quantity data for the two reference periods, always joined with the question of which one to choose, and the perplexity that chain consistency is not obtained with any. Hence finally they should all be abandoned. This situation reflects ‘The Index Number Problem’. This book brings together a coherent discussion of fifty years of astonishingly creative work on this subject.

Product Description
An introduction to the significance of the debate surrounding the accuracy of the Consumer Price Index. The work presents the full text of the Boskin Commission report (stating that the CPI overstates inflation by 1.1per cent) and discusses the Commission's research methodology and its conclusions. ... Read more

Customer Reviews (1)

The best book on this important issue.
This is a must read for anyone interested in getting prices right. The debate over prices concerns both public policy and pure economic research. The Boskin Commission claimed that the CPI overstates inflation and recommended that measures of inflation be ajdusted to correct for this. This recommendation was quickly embraced by many in the economics profession. It has also had an impact on public policy debate, particularly as regards indexation of social security. The first half of the book presents the Boskin Commission's findings verbatim,and supporters of overstatement are able to speak for themselves. The second half presents Dr. Baker's deconstruction of the Commission's findings.One part of his criticism involves the presentation of technical arguments and instances of CPI understatement. However, the most compelling part is Dr. Baker's reconstruction of recent U.S. economic history using Boskin's implied measure of prices. He shows that 50% of families were apparently living below the 1994 poverty level in 1960.This is implausible. Protagonists of the debate will no doubt continue slinging instances of over- and understatement of prices at each other. However, until supporters of CPI overstatement can explain away Dr. Baker's findings about implied poverty levels, their arguments will ring hollow. ... Read more

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*Who really makes money in the City? *How do the professionals do it? *How can you do the same? "Now in its third edition, Richard Koch's Selecting Shares That Perform has earned its right to a place on every investor's bookshelf."Amazon "One of the best books on stock market investing that I've ever read" Christopher Gilchrist, Editor, The IRS Report. ... Read more

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This guide covers 195 of the most important information sources that are particularly relevant or useful to those involved in international marketing. It is designed to aid international companies and managers, public or professional organizations, and others in locating and compiling information on foreign markets and marketing regulations, practices, and procedures. It identifies and describes the contents of the major published sources, and includes references to United States government publications, databases, indexes to periodicals and newspapers, and basic reference sources such as directories, almanacs, encyclopedias, handbooks, and records. Economic and political conditions throughout the world, overseas markets, international business techniques, legal rules pertaining to international business operations, companies engaged in foreign trade, facilitating organizations, and financial and credit services are just a few of the topics covered. The book is organized by types of information, a unique arrangement that makes it easy to use when preparing an international marketing plan or locating specific types of marketing data. ... Read more

Product Description
This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

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The unique and ingenious S.N. Afriat is back and writing on the subject of the Price Index. This book is totally unique and shall be of great interest to economists and statisticians everywhere. ... Read more

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As Well As Of The Holders Of Lands Mentioned In Domesday Anterior To The Formation Of That Record. With An Abstract Of The Population Of England At The Close Of The Reign Of William The Conqueror, So Far As The Name Is Actually Entered. In Two Volumes. ... Read more

Customer Reviews (4)

Economic Freedom = The Key to Development?
Economic freedom may or may not be the way to spiritual or political happiness, but it certainly seems that it's one of the keys to economic development. Although it's difficult to prove once and for all precisely what economic environments are best for countries, this series attempts to get at the keys. I also believe that if they were to change their opinions on a measure or two, they would have no hesitancy to revise or amend their criteria. Whatever flaw their analyses have, it is a monumental effort they put together each year, and at the very least it's a benchmark for people to debate about. There's information in here that you can't get easily from anywhere else at this price...

Superb resource
We use the resource as a reference for business conditions and navigating the often difficult issues of world business. Its bibliographic resources are excellent, especially for smaller countries for which there are fewpublished data. We have used it for many years, and find it thoughtful,thought-provoking, and insightful.

TERRIBLE!
It is a huge debate in Sociology and Political science: does democratization cause economic growth or economic growth democratization. But the authors seem careless: if there is a correlation between the two,it means that economic freedom and democratization must cause economicgrowth. Why? I don't know! Do you?And that is the first thing ourstudents learn in Methodology courses: correlation does no mean causalityat all!

My students learn more from this than from an entire text
The Index of Economic Freedom is an heroic piece of work, both statistically and in terms of the amount of research it takes to bring it all together. I teach International Business at a university and requirethat students consult the IEF for papers on individual countries in whichU.S. businesses might wish to invest. Each country is evaluated by a number(1-5) on 10 dimensions: trade, taxation, government, monetary policy,foreign investment, banking, wages and prices, property rights, regulation,and black market. The text on each country also notes whether the numbershave changed over the last years, and explains why. Over the years,Singapore and Hong Kong have typically been rated the most economicallyfree countries, while Cuba and North Korea have been the mostrepressed.

The connection between economic freedom and rising standardsof living becomes clear to students as never before. They start to readonly on their assigned country and then go on to compare other countries,just because they're fascinated! I wish I could find more works of thiscaliber. ... Read more

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Nancy and Richard Ruggles's seminal work on prices has a contemporary relevance for modern-day theorists and practitioners.These carefully selected essays provide a core analysis of pricing systems and the behavior and measurement of prices.

Initially, the authors examine pricing systems and the role of prices in the theories of value and income distribution.They examine the theory of marginal cost pricing and the welfare basis of the marginal cost pricing principle before focusing on the problems of measuring price changes over time and space.They also examine the reliability of domestic price statistics and price indices and offer an evaluation of the wholesale price index.They expand this analysis to examine the behavior of prices, costs, wage rates and earnings in the United States economy, placing particular emphasis on inflation between 1950 and 1973 and on price stability and economic growth.

This book will be invaluable to academics, statisticians and policymakers with an interest in micreoconomics and pricing.TABLE OF CONTENTS: PrefacePart I:Price Theory1. The Welfare Basis of the Marginal Cost Pricing Principle2. Recent Developments in the Theory of Marginal Cost Pricing3. Discriminatory and Competitive Pricing4. The Value of Value TheoryPart II:Price Measurement5. The Wholesale Price Index6. Measuring the Cost of Quality7. Domestic Price Statistics8. Redundancy in Price Indexes for International Comparisons9. Price Indexes and International Comparisons10. The Wholesale Price Index ... Read more

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This volume presents a comprehensive index to the entire series of "The Collected Works of James M Buchanan". Included is an annotated copy of the entire curriculum vitae, indicating in which volume in the series the various items appear and, correspondingly, those items that have been omitted.As the editors observe, "This is a series that no serious scholar of public choice theory, public economics, or contemporary political theory will want to be without. It is a series that will also appeal to the general student of liberty, for Buchanan has - perhaps more than any other contemporary scholar - helped us to view politics without the romantic gloss that characterises so much normative political theory and that slips unthinkingly into so much popular commentary. Buchanan has been a resolute defender of 'the ideal of a society of free and responsible individuals,' and has been a painstaking analyst of the institutional structure that might best support such a society. Buchanan stands with von Mises, Hayek, Popper, and Friedman as one of the great twentieth-century scholars of liberty." ... Read more

Product Description
This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

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A companion volume to the "Catalogue", the biographical index provides summaries of the sea careers of some 12,000 individuals who made the voyage to Asia as commanders, mates, surgeons, or pursers in the service of the English East India Company. The information has been compiled from the surviving ships' journals, logs, paying-off books and associated sources in the Company's archives at the British Library. ... Read more