His notion of economies of scope versus economies of scale is introduced in the first chapter of Part II. ... However, the aforementioned notion is contradictory to another argument that Rosecrance presents in Part II of this book. ... Rosecrance in Part II and Part III of the book shows us the importance of the leading governments role in ensuring stability and peace. ... Currently the United States is the leader in the ideal virtual state, while Japan and South-east Asia are virtual states in progress. The United States as exemplified in several examples in the book has always be a lea...

• Word Count: 1468
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

The book is filled with intriguing chapters on history and a bold analysis of present-day America. ... Gregory McNamee reviewed Kevin Philips Wealth and Democracy and found that the book "examined cycles of economic growth and decline from the founding days of the republic to the recent collapse of technology stocks, Phillips dispels notions of trickle-down wealth creation, pricks holes in speculative bubbles, and decries the ever-increasing "financialization" of the economy--all of which, he argues, have served to reduce the well-being of ordinary Americans and government alike. Highly reada...

• Word Count: 1228
• Approx Pages: 5
• Grade Level: Undergraduate