Monday, January 17, 2011
Saturday, January 8, 2011
Finance books
Ahead of the Curve
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Beyond the Crash
The Big Short
Chain of Blame
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
Confusion of Confusions
Dow 36,000
Dynamic Hedging
Fail-Safe Investing
The Fat Tail: The Power of Political Knowledge for Strategic Investing
Fooled by Randomnes
Free to Choose
Griftopia
The Intelligent Investor
The Invisible Bankers: Everything the Insurance Industry Never Wanted You to Know
Irrational Exuberance
Keynes: The Return of the Master
Little Book of Common Sense Investing
Macro Markets
The Millionaire Mind
The Millionaire Next Door
A Monetary History of the United States
The Only Investment Guide You'll Ever Need
The Only Three Questions That Count
The Pirates of Manhattan
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
A Random Walk Down Wall Street
Rich Dad Poor Dad
The Richest Man in Babylon
Security Analysis
Stocks for the Long Run
The Theory of Investment Value
The Warren Buffett Way
Business books
Business fable
Fearless Change
Fierce Conversations
The Fifth Discipline
First, Break All the Rules
The Five Dysfunctions of a Team
Food Fight: The Inside Story of the Food Industry
Ford and the American Dream
The Fortune at the Bottom of the Pyramid
Futurewise
Get Into Bed With Google
The Go-Giver
The Goal (novel)
Good to Great
Green to Gold (book)
Guerrilla marketing
Guts (book)
The Halo Effect (business book)
The Hitchhiker's Guide to Lean
How Did That Happen?
How To Turn Your Million Dollar Idea into a Reality
How to Be a Star at Work
How to Succeed in Business Without Really Trying (book)
Human Capital Supply Chain
Hypergrowth (book)
Identifying and Managing Project Risk
In Search of Excellence
In Search of Stupidity
The Invisible Bankers: Everything the Insurance Industry Never Wanted You to Know
The Visible Hand
It's Not Luck (novel)
Journey to the Emerald City
The Joy of Work
Kitchen Con: Writing on the Restaurant Racket
Leadership and the One Minute Manager
Leadership Secrets of the Rogue Warrior: A Commando's Guide to Success
Liar's Poker
Loyalty Effect
The Macintosh Way
Made to Stick
Market Wizards
Maverick
Maximum Diner
Mobile Communication and Society: A Global Perspective
The Money of Invention
Moral Mazes
Multipliers
The Myth of Leadership
The New Age of Innovation
The 22 Immutable Laws of Marketing
The 33 Strategies of War
4 Days, 40 Hours
The 4-Hour Workweek
The 50th Law
The AdSense Code
The Adventures of Johnny Bunko
The Adversity Paradox
Agile Project Management
Airlines of North America
All Marketers Are Liars
All the Devils Are Here
Alliance Brand
The Art of the Start
Bangalore Tiger
Barbarians Led by Bill Gates
Beer School
The Billion-Dollar Molecule
Blue Ocean Strategy
Bringing Out the Best in People
Building a Better Business
Built to Last: Successful Habits of Visionary Companies
Business @ the Speed of Thought
Business IT Fusion
Buyology – Truth and Lies About Why We Buy
Capital Ideas Evolving
Catalyst Code
Changing Focus
Chocolates on the Pillow Aren't Enough
Chuck Taylor, All Star
The Cluetrain Manifesto
Burn Rate
Competitive Engineering
Concept of the Corporation
Conversational Capital
Critical Chain
Critical Chain Project Management
Crucial Confrontations
Dangerous Company
Delivering Happiness
Democratizing Innovation
Den of Thieves
The Dilbert Principle
The Dip
Dominate Your Market With Twitter
Downsize This! Random Threats from an Unarmed American
Effective executive
The Emotional Intelligence Quick Book
Emotional Intelligence 2.0
The New Capitalists
The New Market Wizards
The New New Thing
No Size Fits All: From Mass Marketing to Mass Handselling
The One Minute Manager
Outsmart The MBA Clones
The Oz Principle: Getting Results Through Individual & Organizational Accountability
The Paradox of Excellence
The Partners (book)
The PayPal Wars
Peter Principle
The Peter Pyramid
Plain Talk: Lessons from a Business Maverick
Planet Google
The Predators' Ball
Public Speaking and Influencing Men in Business
Reminiscences of a Stock Operator
The Science of Success
The Second Bounce of the Ball
Selling Blue Elephants
Semper Fi
The Seven Deadly Sins of Business
Snakes in Suits: When Psychopaths Go to Work
A Stake in the Outcome
Strategic Negotiations
The Strategy of the Dolphin
The Strategy Paradox
Strategy Safari
Sustainagility
Talking Straight
The India Way
The Intangibles of Leadership
The Law of Success
The Theory of Business Enterprise
Think and Grow Rich
Traction: Get A Grip On Your Business
Tribal Leadership
True North
Twitter Power
The Tyranny of the Market
We Are Smarter Than Me
Where Have All the Leaders Gone?
Who Moved My Cheese?
A Whole New Mind
Why most things fail
Wikinomics
Wired to Care
World Class IT
Friday, January 7, 2011
2.The Big Short
3.The Bonfire of the Vanities
4.A Colossal Failure of Common Sense
5.Confusion of Confusions
6.Den of Thieves
7.Fooled by Randomness
8.Great Salad Oil Swindle
9.House of Cards
10.Liar's Poker
11.Lombard Street: A Description of the Money Market
12.Market Wizards
13.My Life as A Quant: Reflections on Physics and Finance
14.The New Market Wizards
15.No One Would Listen: A True Financial Thriller
16.The Predators' Ball
17.The Pursuit of Happiness
18.The Quants
19.Reminiscences of a Stock Operator
20.Rogue Trader
21.Stock Market Wizards
22.Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions
23.When Genius Failed: The Rise and Fall of Long-Term Capital Management
Thursday, December 30, 2010
1. Introductory lectures on psychoanalysis by Sigmund Freud
2. New introductory lectures on psychoanalysis by Sigmund Freud
3. Studies on hysteria by Sigmund Freud
4. The interpretation of dreams by Sigmund Freud
5. The psychopathology of everyday life by Sigmund Freud
6. Jokes and their relation to the unconscious by Sigmund Freud
7. On sexuality by Sigmund Freud
8. case histories 1 by Sigmund Freud
9. case histories 2 by Sigmund Freud
10. On psychopathology by Sigmund Freud
11. On metaosychology by Sigmund Freud
12. civilization , society and religion by Sigmund Freud
13. The origin of religion by Sigmund Freud
14. Art and literature by Sigmund Freud
15. Historical and expository works on psychoalaysis by Sigmund Freud
All published by:
Shrijee's book international
F-38, South extension, part-1
New Delhi-110 049
Thursday, June 24, 2010
Economics of River Flows –Lessons from Dam Removals in America
Economics of River Flows –Lessons from Dam Removals in America
Bharat Jhunjhunwala
Book review by:
Biswajit Kumar
Second Year DPM Student
Specialisation: Finance
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The book ‘Economics of River Flows: lessons from Dam Removals in America’ by Dr Bharat Jhunjhunwala is an attempt to provide fact based arguments to prove irrefutably that dams doesn’t helps in securing economic growth rather the contrary.
The book is divided in five parts.
The first part discusses why dams are being removed in America. The two chapters are‘Problems of Dam removal’ and ‘Funding sources for Dam removal’.
The second part explores the examples of dam removals in America. The author analyses the topic in eight chapters ‘Economic analysis of removing four dams on the lower snake river’, ‘Non-use values lead to the removal of Elwha Dam’, ‘Removal of Edwards Dam’, ‘Removal of Embrey Dam’ ‘Denial for Wilkes-Barre Inflatable Structure’ and ‘The Motts run Water Treatment Plant’.
In the third part ‘Cost-Benefit Analysis of Hydropower Dams’ the author has devoted one chapter to Cost-Benefit Analysis, another to Economic value of Hydropower and the third one to ‘Critique of FERC’s approval to Klamath Hydroelectric Dam’.
The fourth part brings to light the Environmental Impacts of Hydropower Dams in the chapters named ‘Impacts of Hydro Dams on Environment’ , ‘Impact of Hydro Turbines on Water Quality’, ‘River- Continuum Concept’, ‘The Wild and Scenic Act and ‘ The wild and Scenic Act in Operations’.
The fifth part emphasizes on Economic values of free-flow of rivers in the chapters titled ‘Non-use Value of Free Flowing Rivers’, ‘Economic Values of Rivers’ and ‘Economic value of River Banks’.
In various chapters the author compares several economic analysis of dam removal in America vis-a vis dam construction in India and argues that dam removal has proved to be more beneficial because free flow of water does more good than generation of hydropower when economic cost of loss of fishing, recreation, biodiversity, etc are taken into consideration.
The uses of rivers for these alternate activities generate welfare directly by improving the quality of life. It also generates large incomes from these alternate activities.
It is considered that naked riverbanks do not provide any economic benefits. They are ‘unproductive’. The author provides us with insight that riverbanks actually clean the river waters. Similarly the assumption that water is not consumed while energy is harvested for productive purposes is refuted by the recent research which states that the living organisms develop to maximize the utilization of energy from the free flow of rivers. When energy is removed from water through hydropower dams, the other living beings are deprived of that energy. The free flow of river improves the water quality of the river and reduces the cost of water treatment facilities. The pressure inside turbines forces gases like methane into water in the form of bubbles. These bubbles can get into various parts of the body .Major fish kills have resulted from such super-saturation of gas. Consumption of downstream water can have similar effect on human beings. The maintenance and repairing cost is quite high along with the cost incurred to remove the sediments. The large number of embankments made for flood control leads to deposition of sediments in the river bed and raises the level of the same. This results in devastating flood, earthquakes and landslides, loss of soul due to displacement and even water-borne diseases such as malaria.
The author is of the view that non-quantitative costs and benefits are generally overlooked while doing a Cost-Benefit Analysis. The author illustrates how after the useful life of a dam is exhausted, the future generation inherits non-functional dams along with broken rivers. He makes a mention of ‘Scarcity value’ of natural resources. Once a cascade of dams is built on rivers, it leaves less free flow remaining that can be used for generation of yet more hydropower. The value of the remaining free flow increases as the availability reduces. This ‘depletion premium’ is not accounted in cost calculation.
The book proves to be a timely effort to elucidate the economic benefit being overstated in India by ignoring many costs of hydropower. As the writer points out “Dams are being built in India because economic analysis is flawed and ignores various costs that are surreptitiously passed on to the society. Hopefully the Indian planners will look at the lessons of dam removals in the United States.
