The Art of Computer Programming is a wonderful series. It is the bible of algorithms design. And although it discusses very basic algorithms, it's quite a high level book.

The Wolf book is not a good algorithms book. In the introduction, the Wolf book says that many algorithm books use pseudo-code and not a "real" language, claiming that that is a drawback of those other books. Unfortunally, the Wolf book shows that using pseudo-code is better idea.

If you are looking for a good general Algorithms book, go for Thomas H. Cormen, Charles E. Leiserson and Ronald L. Rivest: Introduction to Algorithms, Cambridge: MIT Press, 1990. ISBN 0-262-03141-8. And get yourself the hardcover. My paperback is falling apart from years of heavy usuage.

-- Abigail