Nothing is Sacred: Economic Ideas for the New Millennium

Nothing is Sacred: Economic Ideas for the New Millennium

by Robert J. Barro
     
 

ISBN-10: 0262524155

ISBN-13: 9780262524155

Pub. Date: 01/28/2002

Publisher: MIT Press

Since the 1970s, Robert Barro's academic research has significantly influenced macroeconomic theory. For more than a decade, his writing has also enlivened the pages of publications such as the Wall Street Journal and Business
Week. In Nothing Is Sacred, Barro applies his well-honed free market arguments to a remarkably diverse range of issues. These include

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Overview

Since the 1970s, Robert Barro's academic research has significantly influenced macroeconomic theory. For more than a decade, his writing has also enlivened the pages of publications such as the Wall Street Journal and Business
Week. In Nothing Is Sacred, Barro applies his well-honed free market arguments to a remarkably diverse range of issues. These include global problems such as growth and debt, as well as social issues such as the predictive value of SAT scores, drug legalization, the economics of beauty, and the relationship between abortion rights and crime reduction.The book opens with a series of essays on famous economists,
past and present, and other prominent figures whose work has economic implications,
including Joe DiMaggio and Bono. In the book's second part, Barro discusses the economics of social issues. In the third part, he considers democracy, growth, and international policy, and in the final part he examines fiscal policy, monetary policy, and the macroeconomy. Throughout, he shows that even the most widely held beliefs are not sacred truths but are open to analysis.

The MIT Press

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Product Details

ISBN-13:
9780262524155
Publisher:
MIT Press
Publication date:
01/28/2002
Edition description:
New Edition
Pages:
201
Product dimensions:
5.37(w) x 8.00(h) x 0.70(d)
Age Range:
18 Years

Table of Contents

Introduction
1Thoughts on Friends and Other Noteworthy Persons1
Milton Friedman and His Memoirs1
Adam Smith, Including Thoughts on Ken Galbraith and David Ricardo6
George Stigler and the Chicago School of Economics12
Gary Becker, the Great Economic Imperialist17
Robert Mundell, the Father of International Macroeconomics22
Bob Lucas and Rational Expectations26
Larry Summers, the Economist as Treasury Secretary and Harvard President32
Bono, the Rock Star as Amateur Economist36
Domingo Cavallo - The Second Coming of the Argentine Savior?44
Al Gore in the Balance53
George W. Bush and Compassionate Conservatism58
Joe DiMaggio62
2Economics of Social Issues67
The Economics of Beauty67
Abortion and Crime73
Colombia and U.S. Drug Policy77
SAT Scores and Meritocracy in Higher Education81
Napster, Prozac, and Intellectual Property Rights84
Microsoft and Antitrust Policy88
Personal Accounts for Social Security: Not a Free Lunch91
3Economic Growth, Democracy, and Things International95
Eastern Germany - A Lesson in Welfare Dependency95
Inequality and Economic Growth101
Democracy in the New Congo?104
Chile's Presidential Election108
Mexico's New Democracy111
Dollarization in Russia?114
Yankee Imperialism in Asia118
Dollarization and the Grand Ecuadorean Experiment122
My Brief Tenure at the World Economic Forum126
What to Do with the International Monetary Fund?129
4Fiscal Policy, Monetary Policy, and the Macroeconomy133
Budgets and Tax Cuts133
September 11 and the War on Terror - What Does It Mean for the Economy?137
Fiscal Profligacy at the American Economic Association144
It's the Economy - Economic Evaluations of the U.S. Presidents147
Serious and Nonserious Fiscal Reforms150
Mr. Greenspan and U.S. Monetary Policy154
And the Winner of the 2000 U.S. Presidential Election Was ...158
Oil - The Good Guys and the Bad Guys161
Exuberance and Pessimism in the U.S. Stock Market165
Index171

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