Getting It Right
MIT Press (Verlag)
978-0-262-52226-7 (ISBN)
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Since 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.
Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.
Part 1 Economic growth: democracy and growth; eastern Germany and the iron law of convergence; new and old theories of economic growth; a tale of two cities (growth in Hong Kong, and Singapore); the optimal size of a nation, or the attractions of secession; Europe's road to serfdom - a perspective on European union; default on sovereign debt; democracy and growth in Pery. Part 2 Monetary and financial policy: Argentina and Mexico - Latin lessons in monetary policy; monetary policy - a matter of commitment; guilt and glory at the Bank of England; the attractions of price stability. Part 3 Fiscal and other macroeconomic policies: economic report cards on U.S. presidents and U.K. prime ministers; economic advisers and economic outcomes; how important are budget deficits? indexed bonds; a program for macroeconomic policy; President Bush's last fiscal proposals; infrastructure investment and other public spending; inequality; soaking the rich; retroactivity and other capital levies. Part 4 The power of economic reasoning: the first annual contest for best monopoly in America; this tax amnesty will work only once; school choice; privatization American style; second-hand smoke; how much is an endangered species worth? baseball economics; term limits; George Stigler and the Chicago school; a Nobel Prize for Bob Lucas; Oh! to be in England.
| Reihe/Serie | Getting It Right |
|---|---|
| Verlagsort | Cambridge, Mass. |
| Sprache | englisch |
| Maße | 135 x 201 mm |
| Gewicht | 272 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
| ISBN-10 | 0-262-52226-8 / 0262522268 |
| ISBN-13 | 978-0-262-52226-7 / 9780262522267 |
| Zustand | Neuware |
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