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LOST PROPHETS

AN INSIDER'S HISTORY OF THE MODERN ECONOMISTS

A damp but thoroughgoing and often illuminating chronicle of competing economic theories from the 1960's through the early 1990's, by veteran Wall Street Journal economics editor Malabre (Within Our Means, 1990, etc.). Malabre offers a chronicle of a profession in increasing disarray. From the sedate confidence of die-hard 1960's Keynesians such as Paul Samuelson, an advisor to Presidents Kennedy and Johnson, through the growth of the influential, self-promoting group of monetarists led by Milton Friedman in the 1970's, to supply-siders such as Arthur B. Laffer under Reagan, Malabre argues that economists' ability to predict—let alone control—the course of American business activity has steadily deteriorated even as economists have grown in number and stature. Measured by the ability to forecast employment, profits, growth, inflation, and recession—or the effect of floating exchange rates, tax policy, deficit spending, or the money supply on any of the above—Arthur Burns beats Alan Greenspan every time. Much technical analysis of post-WW II economic trends (for example, monitoring the effects on currencies and international trade of the abandonment in 1971 of the Bretton Woods agreement on fixed exchange rates) fills out the author's report, leavened by amusing tales from his long acquaintance with economists of every stripe (at one point, Malabre runs into a Federal Reserve Bank governor in a London topless bar). Malabre ends by resuscitating the theory of the business cycle: For serious readers. (First printing of 20,000)

Pub Date: Nov. 15, 1993

ISBN: 0-87594-441-3

Page Count: 224

Publisher: N/A

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Sept. 15, 1993

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NUTCRACKER

This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)

Pub Date: Oct. 28, 1996

ISBN: 0-15-100227-4

Page Count: 136

Publisher: Harcourt

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Aug. 15, 1996

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TO THE ONE I LOVE THE BEST

EPISODES FROM THE LIFE OF LADY MENDL (ELSIE DE WOLFE)

An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.

Pub Date: Feb. 23, 1955

ISBN: 0670717797

Page Count: -

Publisher: Viking

Review Posted Online: Oct. 25, 2011

Kirkus Reviews Issue: Feb. 1, 1955

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