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The introductions to the pieces are good--as good or better than Norton's--and the selections themselves are generally good. Still, though, there are a few notable things missing, but that is to be expected in any compendium, I suppose.
One of the highlights of this volume is the full reprints of Benjamin Franklin's Autobiography and Mark Twain's Huckleberry Finn. If you have to buy this book, it should be useful and may even be worth keeping around after the class is over. I know I'm going to keep mine.
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The latter book is more complete, however, listing sources for suppliers. The former does have an appendix of tips, a chapter on judging, and directions for assembling a ring-horn cane (Horn Disc Sticks). In all other respects, I'd say The Craft of Stickmaking is equal to the latter in information, interest, and comprehension, just not as many color pictures, although there are enough black & white pix to illustrate to my satisfaction.
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The references to Qmodem and Procomm are hints that although this is a 1997 book, it is based on earlier material.
Wrobel includes a number of helpful checklists and interview guides. His "Sample Operating and Security Standards" in Appendix F is a useful section that could serve as a standard for data center physical security. END
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In the second chapter, law and economics is presented as relying on two distinct models. One is called the market failure model, or alternatively the Pigovian model. The other is the co-operative or Coasean model (explained through excerpts of Coase's 1937 and 1960 articles). I wonder whether these two should be presented as alternative models. The first one is clearly normative: markets can be left alone, save when market failure is thought to occur. In that case a form of corrective intervention is called for. Coase's point appears to be descriptive first: transaction costs explain why interested persons choose particular institutions, from amongst several possible options, for structuring their relations. As against Pigou, he argued that supposed market corrections did not in fact alter matters and indeed that the supposed failure of the market was imagined only.
The chapters on the 'refinements' all deal with matters that are particularisations of what were traditionally considered forms of market failure: externalities, public goods, imperfect or asymmetric information as well as monopoly. While this may be sound pedagogically -- start with the basic model briefly, then devote most time to examining deviations which call for particular rules and explain observed legal rules in that manner -- it weds one to a rather traditional approach to law and economics, however admirably the reader is otherwise put together.
The collection devotes no space to public choice or game theory (although it mentions the book by Baird et al.), nor to the Austrian and (neo)institutionalist views of law and economics (although Williamson's work is mentioned in notes). Surprisingly, not a single excerpt of Richard Epstein's work is included, although again his name pops up several times in the notes.
Whoever has even skimmed the Palgrave Dictionary of Law and Economics will surely agree that there is more to the field than is dreamt of in this reader. But perhaps such a solid straightforward approach is just what beginning L&E students demand.
EJAN MACKAAY