You asked me to review this book for you, and try to digest what lessons it might hold for you. I can well understand why you delegated this exercise to me. You were, no doubt, already aware that Alex Cukierman (AC) is an eminent theoretician, who has been applying, currently fashionable, game theoretic modeling techniques to the study of monetary policy; and you may have had some concerns whether you would find the book user friendly. In the rest of this review, following both your instructions and my own inclinations, I shall concentrate primarily upon the lessons and light that his work provides for monetary issues in general, and for the conduct of Central Banking in particular. Neither you, nor I, have either the interest, or the mathematical competence, to assess how far this book represents an advance in the application, or technical procedures, of game theory as such. In that respect, the author will no doubt regard this as only a partial and one-sided review of his work. Nevertheless, AC hopes that you, and other practitioners, will read at least some part of the book, and he has gone to considerable lengths to try to structure the book into modules of differing levels of technical difficulty and abstraction, so that you will read the easy bits. Thus,