Getting It Right: Markets and Choices in a Free Society
Average customer rating: 4.5 out of 5 stars
  • Great for developing intuitions about macroeconomics
  • A good reflection on economic topics.
  • Clear Economics from a Leading Scholar
  • Solid Economics for Anybody
  • Quick insights from a free-marketeer
Getting It Right: Markets and Choices in a Free Society
Robert J. Barro
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0262522268

Book Description

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.

Customer Reviews:

5 out of 5 stars Great for developing intuitions about macroeconomics.......2003-06-02

Robert Barro is a treasure. He is one of the very few people writing on macroeconomics who is actually qualified to do so. When you add to that his ability to make complicated concepts accessible to lay readers you realize how valuable he really is.

This is a short book that in four chapters that are fashioned from columns that Barro wrote for the Wall Street Journal. However, the book does NOT read like a bunch of columns stitched together. It reads like a well-formed book.

The four chapters are 1) Economic Growth, 2) Monetary and Financial Policy, 3) Fiscal and Other Macroeconomic Policies, and 4) The Power of Economic Reasoning.

There is a lot to think about in these 175 pages. It doesn't take long to ready, but you won't want to dash through this. This is the kind of writing that you want to think about and linger over, not because it is difficult, but because it seriously challenges many of our present society's basic operating assumptions. I can't follow Barro all the way down the path he has taken, but I sure like most of it.

Reading this book is also a good way to introduce yourself to macroeconomic thinking and how it differs from microeconomics. It isn't a formal introduction, but the concepts are presented in such a clear manner that they can be grasped with just a little consideration of what the author is presenting.

Of course, there is a lot of serious study to do for the student who wants to understand macroeconomics in a serious way. But this book can help the everyday person develop some good intuitions about fundamental macroeconomic principles.

5 out of 5 stars A good reflection on economic topics........2001-08-21

I found this book very readable. Barro is candid in his views and doesn't have extreme or alarming suggestions for improving our shared economic welfare. He has some original opinions based on his own research but can easily tip his hat to the contributions of others in his field. I would reccommend this book to anyone who wants to know more about economics.

5 out of 5 stars Clear Economics from a Leading Scholar.......2001-03-19

Most people distrust economists, and given what passes for an economist in the public eye, it's not surprising. The newspapers are full of hacks and mediocre economists like Paul Krugman passing off political opinion as economic wisdom. For that matter, most of what is presented as economic knowledge is political opinion. Most competant economists, whatever thier philisophical stance, pretty much agree among themselves as to the basic dynamics of the economy; it's the policy choices that divide them. Yet few economic writers in the public eye make this clear. They're more likely to present one side of a political argument and call it economic truth. Or they present a simple appear to ignorance that devalues their own profession: "As is obvious to the simplest reader..." To the public, economists are people who can't agree among themselves, can't predict where the market is going and certainly don't seem to be able to give the government any good advice. What use are they?

And then along comes someone like Barro. Here's a modern economist who is conversant with the latest theoretical models and yet who still has a good intuitive understanding of the basics of supply and demand. Barro doesn't have to throw up a smokescreen of buzzwords to intimidate the reader. He can walk you through an argument in a way that makes makes complex questions clear. In this volume he considers a number of contemporary issues, analyzes the underlying economic issues, and unlike most of his contempraries, presents a wealth of historical data to illustrate his points. And if that weren't enough, he analyzes both sides of an issue honestly.

Barro covers most of the contemporary economic issues that fill newspaper columns these days. Growth, monetary and fiscal policy, balance of trade, the role of the fed, the effects of regulation... it's all here. This isn't light reading, but it's nothing that a reasonably intelligent person can't follow. Plus, it's well written and downright entertaining. You can't ask for more.

3 out of 5 stars Solid Economics for Anybody.......2001-01-04

This is a lively example of the growing genre of solid economic texts written for the average reader. It is written as a series of loosely connected essays that cover a broad range of areas, including such typical areas as economic growth, monetary and fiscal policy, and finally, towards the end of the text are a more free flowing breakdown of several 'lighter' subjects including school choice, second hand smoke, privatization, endangered species, term limits and baseball. The purpose of this final chapter is provide the reader a demonstration of the application of economic reasoning, however in doing so the author makes some very solid points in a logical manner about topics that are frequent sources of discussion.

I much enjoyed the the scientific manner in which the author ranks presidents according to their performance on the 'Misery Index', backs up his discussion of economic growth by introducing the Iron Law of Convergance, and the effects of democracy on economic success. This is a very interesting set of essays with just enough graphs and tables to prove the point without overwhelming the reader.

4 out of 5 stars Quick insights from a free-marketeer.......1997-11-30

Barro writes a mixture of essays with a smattering of his macroeconomics textbook, Macroeconomics, thrown in for good measure. The essays are clear and worth reading, whatever your ideological persuassion. If you have ever read Paul Krugman's Pop Internationalism, you will recognize and appreciate the candor with which economic giants "dumb down" arcane empirical research into understandable prose. Good stuff.
Getting it Right: Markets and Choices in a Free Society. (book reviews): An article from: Southern Economic Journal
Average customer rating: Not rated
    Getting it Right: Markets and Choices in a Free Society. (book reviews): An article from: Southern Economic Journal
    Thomas A. Hemphill
    Manufacturer: Southern Economic Association
    ProductGroup: Book
    Binding: Digital

    GeneralGeneral | Business & Investing | Subjects | Books
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    ASIN: B00097MOZI
    Release Date: 2005-07-28

    Book Description

    This digital document is an article from Southern Economic Journal, published by Southern Economic Association on April 1, 1997. The length of the article is 1032 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

    Citation Details
    Title: Getting it Right: Markets and Choices in a Free Society. (book reviews)
    Author: Thomas A. Hemphill
    Publication: Southern Economic Journal (Refereed)
    Date: April 1, 1997
    Publisher: Southern Economic Association
    Volume: v63 Issue: n4 Page: p1128(3)

    Article Type: Book Review

    Distributed by Thomson Gale

    Constructing Test Items: Multiple-Choice, Constructed-Response, Performance and Other  Formats (Evaluation in Education and Human Services)
    Average customer rating: 4.5 out of 5 stars
    • useful, practical advise
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    • types of tests.
    Constructing Test Items: Multiple-Choice, Constructed-Response, Performance and Other Formats (Evaluation in Education and Human Services)
    Steven J. Osterlind
    Manufacturer: Springer
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    Book Description

    Constructing test items for standardized tests of achievement, ability, and aptitude is a task of enormous importance. The interpretability of a test's scores flows directly from the quality of its items and exercises. Concomitant with score interpretability is the notion that including only carefully crafted items on a test is the primary method by which the skilled test developer reduces unwanted error variance, or errors of measurement, and thereby increases a test score's reliability. The aim of this entire book is to increase the test constructor's awareness of this source of measurement error, and then to describe methods for identifying and minimizing it during item construction and later review.
    Persons involved in assessment are keenly aware of the increased attention given to alternative formats for test items in recent years. Yet, in many writers' zeal to be `curriculum-relevant' or `authentic' or `realistic', the items are often developed seemingly without conscious thought to the interpretations that may be garnered from them. This book argues that the format for such alternative items and exercises also requires rigor in their construction and even offers some solutions, as one chapter is devoted to these alternative formats.
    This book addresses major issues in constructing test items by focusing on four ideas. First, it describes the characteristics and functions of test items. A second feature of this book is the presentation of editorial guidelines for writing test items in all of the commonly used item formats, including constructed-response formats and performance tests.
    A third aspect of this book is the presentation of methods for determining the quality of test items. Finally, this book presents a compendium of important issues about test items, including procedures for ordering items in a test, ethical and legal concerns over using copyrighted test items, item scoring schemes, computer-generated items and more.

    Customer Reviews:

    5 out of 5 stars useful, practical advise.......2003-10-30

    This is the only book that truly addresses important practical aspects of how to writer quality test questions. But is is more than just a "how to" book. It gives information about many aspects of test construction that can lead to valid score interpretations. Unique in the field. I recommend it to anyone in the testing industry.

    3 out of 5 stars Same old.......2002-04-19

    This is an important book. We know because Dr. Osterlind tells us so over and over. For a hundred bucks, it ought to be. There's really little here that Gronlund, Haladyna, and others haven't written about before. What's really disappointing is that the examples are rife with the type of careless errors and inconsistencies he so decries. Psycometrician, heal thyself!

    5 out of 5 stars types of tests........2001-06-17

    Types of tests and it purposes and characteristics of tests in school.
    Human Development and Performance Throughout the Lifespan
    Average customer rating: 5 out of 5 stars
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    5 out of 5 stars A whole new framework for development.......2004-09-08

    This book includes lots of information on development, from the perspective of families and persons in community settings. It has much practical applied information with contemporary examples.

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    Measuring the Performance of Human Service Programs (SAGE Human Services Guides)
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      Measuring the Performance of Human Service Programs (SAGE Human Services Guides)
      Larry Martin , and Peter M. Kettner
      Manufacturer: Sage Publications, Inc
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      Scoring Performance Assessments Based on Judgements: Generalizability Theory (Evaluation in Education and Human Services)
      Average customer rating: Not rated
        Scoring Performance Assessments Based on Judgements: Generalizability Theory (Evaluation in Education and Human Services)
        Christopher Wing-Tat Chiu
        Manufacturer: Springer
        ProductGroup: Book
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        ASIN: 0792374991

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        Scoring Performance Assessments Based on Judgements focuses on the applications of Generalizability Theory to Performance Assessment. The author developed an objective method to examine the dependability of the scoring of large-scale performance assessments by humans.
        This book presents principles in identifying common missing data patterns inherent in assessment designs. These principles can be used to guide the design of assessment procedures including those used in large-scale testing programs, observations, and structured interviews.
        Evaluating, Improving, and Judging Faculty Performance in Two-Year Colleges
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          Evaluating, Improving, and Judging Faculty Performance in Two-Year Colleges
          Richard I. Miller , Charles Finley , and Candace Shedd Vancko
          Manufacturer: Bergin & Garvey
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          With nearly 48 percent of all U.S. undergraduates attending community and technical colleges, the two-year sector is an integral part of our nation's higher education system and a vital part of our nation's future. The need for effective faculty evaluation and professional development within two-year colleges stems partly from the size of this sector and also from the diversity of its program offerings and its student body. Miller and his co-authors bring timely, authoritative, and practical material to two audiences in this rapidly growing field of education: first, teachers who have permanent appointments but could use professional development and improvement; and, second, the already large and still growing number of part-time instructors who could use more evaluating and improving. This book is intended to be a direct assistance for these groups as well as to administrators who must make personal decisions. This professional book is for human resource managers and staff development officers of two-year colleges. A greater emphasis needs to be placed on human resource management, according to Miller and his co-authors, that will result in better personnel decision making.
          Measurement and Evaluation in Human Performance
          Average customer rating: 4 out of 5 stars
          • Measurement & Evaluation in Human Performance
          Measurement and Evaluation in Human Performance
          Allen W. Jackson , James G. Disch , and Dale P. Mood
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          Accurate testing and measurement are central to the field of human performance. Measurement and Evaluation in Human Performance (Second Edition) provides a firm foundation of basic measurement concepts in an interactive and user-friendly text. A background in mathematics is not required to use this practical, easy-to-read text. The authors target students with practical physical education and human performance problems and solutions spanning the fields of kinesiology, physical education, and health and fitness careers.

          Measurement and Evaluation in Human Performance (Second Edition) is updated, comprehensive, and applies to a broad audience in the area of human performance. Features of this revised edition include

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          Each chapter of Measurement and Evaluation in Human Performance (Second Edition) has been thoroughly revised and updated to provide students and instructors with the very best textbook available. The unique interactive approach gives readers the chance to evaluate assessment methods during the learning process. This visual text blends theory with practice to provide students with an understanding of the measurement and evaluation processes that are scientifically sound and essential for making valid decisions.

          Customer Reviews:

          4 out of 5 stars Measurement & Evaluation in Human Performance.......2005-09-30

          Good book, but some things were hard to understand. Professor did a better job of explaining some things in class.
          Performance Evaluation in the Human Services (Haworth Social Administration) (Haworth Social Administration)
          Average customer rating: Not rated
            Performance Evaluation in the Human Services (Haworth Social Administration) (Haworth Social Administration)
            Wayne, Ph.D. Matheson , Cornelius Van Dyk , and Kenneth I. Millar
            Manufacturer: Haworth Press
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            Benchmarking the Performance of Workers' Compensation Systems: Compscope Multistate Comparisons : Css-00-1 July 2000
            Average customer rating: 5 out of 5 stars
            • THIS IS THE GREATEST BOOK EVER
            Benchmarking the Performance of Workers' Compensation Systems: Compscope Multistate Comparisons : Css-00-1 July 2000
            Sharon E. Fox , Christina S. Casteris , and Carol A. Telles
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            5 out of 5 stars THIS IS THE GREATEST BOOK EVER.......2002-11-24

            The title says it all. This is the greatest book ever. Kudos to the authors especially Ms. Casteris.
            Corporate Training for Effective Performance (Evaluation in Education and Human Services)
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              Corporate Training for Effective Performance (Evaluation in Education and Human Services)

              Manufacturer: Springer
              ProductGroup: Book
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              Corporate training and effective performance have become major issues in the 1980s and '90s. Reviews of the training research literature show that, parallel to the growing attention to corporate training, research has also increased in the field, giving a better understanding of the subject and providing fundamental expertise on which trainers can build. The contributions to the book differ in the degree to which they are related to performance issues, but all chapters underline the necessity of thinking from the perspective of effective performance.
              Handbook of Personnel Selection and Performance Evaluation in Healthcare: Guidelines for Hourly, Professional, and Managerial Employees (Health Series)
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                Handbook of Personnel Selection and Performance Evaluation in Healthcare: Guidelines for Hourly, Professional, and Managerial Employees (Health Series)
                Donald N. Lombardi
                Manufacturer: Jossey-Bass
                ProductGroup: Book
                Binding: Hardcover

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                ASIN: 1555421067

                Books:

                1. God Wants You to Be Rich
                2. Guardian Careers Guide: Accounting (Guardian Careers Guide)
                3. Harvard Business Review on Business and the Environment (A Harvard Business Review Paperback)
                4. Hispanos hablan más minutos por celulares: telefónicas ganan con usted: en promedio gastan 975 minutos al mes, pero no solamente eso, sino que hablan a ... usted, feliz, ¿no?: An article from: Semana
                5. History: Fiction or Science? (Chronology, No. 1)
                6. History: Fiction or Science? (Chronology, No. 1)
                7. History of Economic Analysis: With a New Introduction
                8. How to Write and Give a Speech, Second Revised Edition: A Practical Guide For Executives, PR People, the Military, Fund-Raisers, Politicians, Educators, and Anyone Who Has to Make Every Word Count
                9. Implementing Environmental Management Accounting: Status and Challenges (Eco-Efficiency in Industry and Science)
                10. In the Company of Owners: The Truth about Stock Options (And Why Every Employee Should Have Them)

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