Rust to Riches

Library Journal

The authors, both economists at the Claremont Economics Institute in California, present in clear terminology a look at macroeconomics, stressing the differences between two economies--the production economy, which looks at new goods, services, and savings and investment, and the portfolio economy, which examines previous economic activity. Using historical principles, management savvy, and the willingness to use capital money to rebuild older factories into efficient production units (just as the United States helped Western Europe and Japan get on their feet after World War II), a strong economy can be achieved. A thought-provoking look at a future economic scenario.-- Steve Mayover, Free Lib . of Philadelphia

Booknews

Rutledge and Allen (chairman and president respectively, Claremont Economics Institute) attribute the competitive failings of American business to misinvestment--spending on corporate towers, shopping centers, etc., rather than on the machinery and retooling that provide economic strength. They offer a plan for reindustrialization along with practical advice for managers and investors. Neither bold nor new, it's all been said before--and the avaricious didn't listen. Annotation c. Book News, Inc., Portland, OR (booknews.com)