Nothing is Sacred: Economic Ideas for the New Millennium

Paperback (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $1.99
Usually ships in 1-2 business days
(Save 90%)
Other sellers (Paperback)
  • All (16) from $1.99   
  • New (8) from $6.26   
  • Used (8) from $1.99   


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.

Read More Show Less

What People Are Saying

From the Publisher
"Nothing is Sacred is a stimulating, wide-ranging, and sometimes witty book by a first-rate economist. Some readers may not agree with as much of his analysis as I do, but they will undoubtedly be inclined by Barro's work to think more carefully about economic issues."—Gary Becker, University Professor of Economics and Sociology, University of Chicago, and 1992 Nobel Laureate in Economics
Read More Show Less

Product Details

  • ISBN-13: 9780262524155
  • Publisher: MIT Press
  • Publication date: 1/28/2002
  • Edition description: New Edition
  • Pages: 201
  • Product dimensions: 5.37 (w) x 8.00 (h) x 0.70 (d)

Meet the Author

Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.

About Robert Barro:

"He has changed the way economists think about everything from the long-run effects of government deficits to the forces that favor economic growth."

--Sylvia Nasar, New York Times

Read More Show Less

Table of Contents

1 Thoughts on Friends and Other Noteworthy Persons 1
Milton Friedman and His Memoirs 1
Adam Smith, Including Thoughts on Ken Galbraith and David Ricardo 6
George Stigler and the Chicago School of Economics 12
Gary Becker, the Great Economic Imperialist 17
Robert Mundell, the Father of International Macroeconomics 22
Bob Lucas and Rational Expectations 26
Larry Summers, the Economist as Treasury Secretary and Harvard President 32
Bono, the Rock Star as Amateur Economist 36
Domingo Cavallo - The Second Coming of the Argentine Savior? 44
Al Gore in the Balance 53
George W. Bush and Compassionate Conservatism 58
Joe DiMaggio 62
2 Economics of Social Issues 67
The Economics of Beauty 67
Abortion and Crime 73
Colombia and U.S. Drug Policy 77
SAT Scores and Meritocracy in Higher Education 81
Napster, Prozac, and Intellectual Property Rights 84
Microsoft and Antitrust Policy 88
Personal Accounts for Social Security: Not a Free Lunch 91
3 Economic Growth, Democracy, and Things International 95
Eastern Germany - A Lesson in Welfare Dependency 95
Inequality and Economic Growth 101
Democracy in the New Congo? 104
Chile's Presidential Election 108
Mexico's New Democracy 111
Dollarization in Russia? 114
Yankee Imperialism in Asia 118
Dollarization and the Grand Ecuadorean Experiment 122
My Brief Tenure at the World Economic Forum 126
What to Do with the International Monetary Fund? 129
4 Fiscal Policy, Monetary Policy, and the Macroeconomy 133
Budgets and Tax Cuts 133
September 11 and the War on Terror - What Does It Mean for the Economy? 137
Fiscal Profligacy at the American Economic Association 144
It's the Economy - Economic Evaluations of the U.S. Presidents 147
Serious and Nonserious Fiscal Reforms 150
Mr. Greenspan and U.S. Monetary Policy 154
And the Winner of the 2000 U.S. Presidential Election Was ... 158
Oil - The Good Guys and the Bad Guys 161
Exuberance and Pessimism in the U.S. Stock Market 165
Index 171
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)