Monday, June 21, 2010

Mankiw – On Democrats, Economists and Policy

Mankiw’s “Crisis Economics” from the Summer 2010 issue of National Affairs touches on a bunch of issues that come up in this class:

  • What theory is correct?
  • What policy is correct?
  • How do we judge policy if it doesn’t work?
  • What do Democrats believe?
  • What do economists who work for Democrats believe?

Keep in mind while reading this, that Mankiw is known as a new-Keyesian, but directed Bush’s Council of Economic Advisors for a while, and almost got fired for saying publicly that his administration’s policies didn’t make sense.

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