The Little Red Book, as the Quotations is otherwise known, is a collection of statements by Mao Tse-Tung, covering a variety of subjects, from the role of the communist party, war, and class struggle, to art, women's liberation, and philosophy. It is not a developed analysis of the subjects it discusses. The book is a collection of quotes from the speeches, statements and books written by Mao, that are separated thematically into small chapters.
As a document of understanding the thought of Mao, the little red book is very limited. It was used primarily as propaganda, and as a quick reference book on the Maoist line on different subjects. I would not advice it in order to understand Mao himself, but as a document in understanding Maoism as an ideology, and the modern history of China, this is an essential. It is easy to read, relatively simple in language, and small in length. I finished it in a day.
The edition is quite good. Its small size reflects the image in which the book was first distributed. In includes a contents page, and an image of Mao. There is no index, but there is no real need for it since the chapters are so small anyway. There is also no introduction. In a sense, it is a faithful copy of the original in English.
I give this book 5 stars because it has become an important historical document.