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Put it in context
Technical, Complete, Somewhat Extended AnalysisNot for the initiate into the arcane world of LDS theology and history. Try "Mormon America" first. But for a guy like me who spent 40 years (two as a missionary) in "the Church," it's a haunting trip into the mind of a very famous, unique American religious leader.
Who says there's nothing new under the sun?The author's intent is to provide a tentative diagnosis, and he fully explains the inherent weaknesses in such an approach. Although there may be alternative diagnoses for Smith, the evidences themselves outlined by the author that Joseph Smith wrote the Book of Mormon are *not* so weak and will be much more difficult for the apologists to refute.
Much material about Mormonism, pro- and con-, has been hashed and rehashed. This book does not contain any of that. This book offers a refreshing and unique dimension to the pro- vs. con- dialogue. Often I caught myself saying, "Why didn't I think of that?"
I heartily recommend this book.

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Poorly written and poorly thought out
This book changed my life.
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Too out of date to be any use.

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In short, don't look for a fair approach to the first question. That's not what this book is about.
Anderson has a great handle on Mormon history. The insights that he offers into how certain traumatic events in Joseph Smith's childhood could have affected his personality are often enlightening, and always interesting. i.e. The trauma associated with the near amputation of Smiths leg, and the public humiliation of being on trial for being a glass looker. Anderson does a nice job of helping us reflect on Smith's humanity. He helps us see that these events are indeed difficult for a person to go through, and that they can shape how one views the world.
That said, I thought this book also had some fundamental problems. For example, at times Anderson uses the Book of Mormon text to help determine the order or details of certain historical events in Joseph's life. Other times he seems to claim to know exactly what motivated Smith on certain occasions, because of what is written in a part of the Book of Mormon. This seemed too speculative to me. Some of this speculation is interesting theory, other portions seem specious.
Nevertheless, an interesting read. A intriguing theoretical approach.