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Relative
Very realistic, but short on description
I am your relative by distant marriage of Elenor Grills

The ignorance of algorithmsIf you are less convinced that you are living in the best of all possible worlds, in which efficiency and welfare are maximized, and instead are looking for alternatives, then this book is like taking a cold shower: it'll make you think about the problems involved in constructing alternatives.
Essentially, the book argues that it is undersirable to plan economic organization because planning is inherently inefficient compared to the operation of "free markets". From a scientific perspective the main problem with this book is methodology.
The author attempts to reason about complex systems, such as market organizations, planned economies, information flow from consumers to producers, coordination problems in systems with huge numbers of degrees of freedom, and so on, with very poor tools: essentially analytical philosophy and qualitative arguments. The sophisticated reader will be surprised to find very little mathematics or analysis of computational models. This is an acute lack because the calculation debate is essentially a debate about the theoretical and practical feasibility of classes of algorithms for allocating resources. The author doesn't have the intellectual tools to get to grips with the issues. For example, the actual planning algorithms that are critiqued are not specified in sufficient detail to implement. The author derives definitive conclusions from the analysis of partially and vaguely specified objects.
So for sceptics of the free market: read this critically, but take with a huge pinch of salt: remember the author is an ex-Marxist and revealed between the cracks of the often rambling prose is the desire to justify a wholesale rejection of past commitments. This motivation does not make for good science.
Miscalculations and botched economiesImportant and useful book.
You Won't Be DisappointedThe trouble with most Marxists and Misesians is that they usually misconstrue the other side. Steele doesn't. He's one of the few writers who really understands where both sides are coming from.
The result is a fascinating and pentrating analysis of the single most important debate of the last 200 years----one which actually came close to destroying Western civilization as we know it.
Steele cuts through layers of irrelevancies to arrive at the crux of the controversy, and no one who reads this book will go away without a much deeper understanding of politics, economics, and intellectual history. (Example: A powerful analysis of the very idea of "property," whether public or private.) There is no thinking person that the insights of this book will not affect.


Review
What might have been?It is probably the common view that the North winning the Civil War was inevitable, that the overwhelming preponderance of the North in terms of supplies, industrial infrastructure, and manpower ensured victory. Only one of these authors somewhat accepts the thesis of Northern material superiority. These authors are far more mindful of the fact that mismanagement or deep-seated flaws within the losing side of a conflict can be larger factors in the ultimate outcome than positive actions by the winning side.
The authors all note some inherent advantages of the South: a need to only defend territory, the vastness of the South, a transportation network, the ability to produce large quantities of foodstuffs, a commodity, cotton, of great value in the international market, a huge labor force of three million slaves, and a certain psychological advantage in the defense of a way of life.
But these authors discuss any number of factors that led, not necessarily inevitably, to the defeat of the South. The authors point mostly to both military and political malfeasance, as well as personalities and inherent characteristics of Southern society, as leading to defeat. The manner of financing of the War produced tremendous inflation; the supplies of cotton were mismanaged both as a source of revenue to fund the war effort and as a tool to force European nations to recognize the Confederacy; food supplies were confiscated at below market prices; and manpower was poorly utilized both in recruitment to the Southern army and in the deployment of labor on Southern farms.
The states rights and independent political stance of Southerners seemed to prevent a coherent national posture being formulated in winning the Civil War. One of the authors points to the anti-statist views of all Southerners as interfering with producing a disciplined army. Southern units elected their superior officers and were disinclined to follow orders with which they disagreed. In contrast to this aggressive independence, some of the authors point to a general weakening of the Southern psychological state and even a "loss of nerve." The Confederate President, Jefferson Davis, is viewed by one author as a huge factor in the defeat of the South. Davis incompetently micromanaged the war effort, pursued flawed economic strategies, was personally difficult to engage, and exhibited an ineffectual indecisiveness and conservatism in times needing forceful and visionary actions. But the one-party system in the South prevented the rise of an effective opposition that could have addressed the original poor choice of President.
Beyond any material advantage, the authors generally contend that Lincoln and Grant were trump cards for the North. Both were better suited to their jobs both in temperament and competency than anyone in the South. Some would almost suggest that Lincoln and Grant being on the Southern side could have reversed the result.
This book was reissued in 1996 after first appearing in 1960, but it is as readable and relevant as anything being written today. There is some overlap in the material covered in the essays, but the ideas are interesting and challenging. You won't see all of these ideas in a general book on the Civil War.
modest size, MAXIMUM intellect

Excellent guide for a Seattle neophyte!
One Stop Shopping
Not Quite Paradise - but Close!Altho I have visited Seattle from time to time, Guy almost challenges me to try it out for a permanent residence. After reading his book, can I leave Honolulu and head for Seattle? No! But almost!


Intersting Little Book on US Fiscal HistoryThis book, "Hamilton's Blessing: The Extraordinary Life and Times of Our National Debt" is a good, if brief, overview of the fiscal history of the American government. It is somewhat misnamed, since the National Debt serves as a background and tie in to each period of fiscal history studied.
The author does a superb job of explaining Alexander Hamilton's establishment of our financial, banking, debt and money system. Here is a woefully under appreciated founder explained succinctly and whose brilliance and indispensability are brought forth by Gordon.
Descriptions of attitudes towards and major changes in financial policy and tools follow. Gordon covers the major aspects: the struggle over the Second National Bank, Jackson's paying off the debt (the only time the US Gov't has been debt free), Lincoln and Chase's tax, greenback and bond finance of the Civil War, the long fight to establish the income tax, the fight over high marginal rates and an efficient system of taxation, and the change in view in the last century from one that deficits and debt were something to be controlled to our current sorry state of view whereby no one worries about much about deficits anymore.
Debt, when properly used, has allowed us to primarily wage wars. It was retired in times of peace. We face an interesting time now, when debt as a percentage of GDP is much higher than it has been in most peacetimes. This raises the question that if we have to fight a truly massive and long war in the future, will we have the capacity to borrow what we need (based on historic statistics, it is a question well worth pondering).
Gordon finishes the book with a polemic against the political culture that has lost its way in terms of providing an efficient and fair and economically sound system of taxation and the willingness to moderate the nation's debt.
This is a good and interesting book. Anyone looking for a succinct telling of the development of our government's fiscal structure will appreciate this gem.
A Good Primer on the History of U.S. Fiscal PolicyThis is no longer the case. A tax cut, the war on terrorism, and a slowdown in the economy have combined to push the U.S. government's outlays above its revenues. They have also made this book -- "Hamilton's Blessing" -- relevant again.
Gordon's book is two things: 1) a basic history describing the twists and turns of U.S. fiscal policy over the last two hundred-plus years and 2) a political tract condemning the latest turn U.S. fiscal policy has taken since the Great Society.
By combining the two, Gordon seeks to show that the most recent practice of U.S. fiscal policy -- that of habitually running deficits in peacetime -- is not only unprecedented in U.S. history, but also, more importantly, unsupported by any sound theory of economics.
"Hamilton's Blessing" is well-written and interesting. The book is only slightly marred by a lack of detail in some areas. How exactly does a large public debt hurt your average citizen and by how much? We never find out.
Gordon also should have kept his own political bent out of the book. Among other things, he spends three pages in a less than 200-page book detailing Jack Kemp's personal and political history, including his football career. All very interesting, but not really relevant to the history of the U.S. debt.
Good Background on the Origin of our Nation's Debt

This Book Has Average Written All Over ItI do not want to be too harsh, there are some interesting facts and stories, and we get a view of what it is like to be a war focused TV cameraman. It is just that you have to wade through some rather dull work to get to the gems. I also did not think he really sold me on the "emotional meltdown", sure he saw some down right horrible stuff, but his writing did not convey how it effected him to the point of his breakdown in a London airport. Overall I would say this is an average book but don't be expecting a thrill ride.
Truth of WarIf you want the truth of war, read War Junkie. You will never look at TV news the same again.
War Junkie: Like a BulletJon Steele's style is not fot the acedemic or those who like their war neat. It races across the page like a machine gun. It hits you between the eyes the same way. Read this book and you will feel as if you were there.
War Junkie also gives an insight into the terrible price paid by the frontline journalists who get in the middle of the action. Jon Steele carries the scars of battle in his soul. For me, there was an awful moment reading War Junkie when in the last chapters Jon Steele talks about the moment he went over the edge and lost his mind from the endless pictures he had filmed. His companion in that chapter was a British TV reporter named Terry Llyod. The story involves a young girl shot down by a sniper in Sarajevo in front of Jon Steele's camera. It was a devastating story. But at the same time I finished reading this chapter, I turned on my TV to CNN. There was a story that the same Terry Lloyd I was reading about, was killed in Southern Iraq. It only added to the sadness of this incredible book.
This book reads like an action adventure story but don't be fooled. It is literatue disguised as adventure. It is literature that will break your heart.


Not enough details on the alternative space program
Alternate history in near spaceWhat makes alternate history hard to swallow is that one the one hand America is depicted as a nation in decline without the will to pursue objectives in space anymore - Tranquillity Base is sold to a German company - much worse than in reality: Is this meant to be the consequence of higher spending for space in the alternate history?
Another disappointment is that of the 300 page story, about 250 pages are used to depict the scenery, and only for 30 or so pages there is some action. However, the descriptive parts are most interesting and thought-provoking.
If you can find it - enjoy it

History Belongs to Everyone
Excellent Overview of the Civil War
Phillip W. Steele delivers again!

Traditional story
Good, but not science fiction
Lots of fun

It's Allright
It's AwesomeBFFL SV&AN
A good glimpse at history.