not at all bad as a way to get your feet half damp in pricing theory. Engelson depicts pricing and markets as if they were commodities, thus his models are out growths of commodity pricing models . If this were the case, life (an pricing) would be a lot simpler, and probably a lot less interesting. However, this isn't the way the real world works. Reality is full of discontinuities and irrational (or semi rational) behavior that a person in business who intends to survive has to think about. Engleson acknowledges some of these difficulties, and then begs off, saying the discussion of such topics is too broad, or too deep. Could be, but Engleson could put more grit and insight into this book, such as case studies and comparisons across different industries. The pricing problems in the retail clothing industry, the automotive industry, and the software industry would be fascinating, and valuable, to see compared. So would issues of product differentiation, where two premium products each have an exclusive technology that offers different, but very desirable benefits. His chapter on Strategy reads like a high school textbook: c'mon, "Planning,Thinking,Act,Strategic,Behavior" !, this kind of dumbed down language is truly insulting to the intelligence. How about discussing some real strategy in action ? Like the tradeoffs of removing intermediaries in distribution channels ? Or the effects of increased or decreased regulation ? The best and worst thing that can be said about Pricing Strategy is that it is mediocrity at its most mediocre, and Mr. Engleson, mediocrity may have cut it twenty years ago, but the world has changed greatly since then. Get with it.