Getting it Right
Markets and Choices in a Free Society New edition
By (author) Robert J. Barro
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Getting it Right by Robert J. Barro
Book DescriptionSince 1991, Robert Barro has been a lively contributor to the Wall Street Journal and other popular financial media. Getting It Right brings together, updates, and expands upon these writings that showcase Barro's agility in applying economic understanding to a wide array of social issues.Barro, a "conservative who takes no prisoners," and a self-described libertarian, believes that most governments have gone much too far in their spending, taxation, and regulation. The dominant theme in these wide-ranging essays is the importance of institutions that ensure property rights and free markets. The discussion deals especially with the appropriate range of government: which areas represent useful public policy and which are unnecessary interference.The first section of the book considers these questions in the context of the determinants of long-run economic growth. In addition to basic economics, Barro assesses related political topics, such as the role of public institutions, the optimal size of countries, and the consequences of default on foreign debt. The second section deals with the proper role and form of monetary policy. Barro argues that government should provide markets with a stable nominal framework and then stay out of the way to best allow for price stability.Writings in the third section cover fiscal and other macroeconomic policies. Topics include the distorting influences of taxation, especially taxes on capital income; infrastructure investment and other government spending; and the consequences of public debt and budget deficits. In a final section, Barro looks at more micro issues such as cartels, tax amnesties, school choice, privatization, cigarette-smoking regulation, endangered species regulation, the market for baseball players, and term limits for politicians.
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Book DetailsISBN: 9780262522267
(201mm x 134mm x 12mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 10-Apr-1997
Country of Publication: United States
Books By Author Robert J. Barro
Education Matters, Hardback (August 2015)
Renowned economists Robert Barro and Jong-Wha Lee examine and establish the critical role that education in economic growth, fertility, and democracy. Engaging and informative,Education Matters is a compelling read for students, scholars, and anyone with a passion for education.
Crises of Governments, Paperback (November 2011)
Examines the causes and consequences of the financial crash. This title looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect can quickly wear off and the effect of the so-called stimulus packages can then be negative.
Money Employment and Inflation, Paperback (July 2008)
This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations.
Economic Growth, Hardback (November 2003)» View all books by Robert J. Barro
The long-awaited second edition of an important textbook on economic growth--a major revision incorporating the most recent work on the subject.
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Author Biography - Robert J. Barro
Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.
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