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Blog Profile / Greg Mankiw's Blog

Filed Under:Business & Finance / Economics
Posts on Regator:2356
Posts / Week:7.1
Archived Since:June 7, 2008

Blog Post Archive

Do more lectures improve student performance?

Yes, finds a new experimental study, but the authors interpret the effects as modest in size. One group of students in introductory microeconomics got a lecture twice a week (what the authors call the "traditional" format), and the other group of students got a lecture only once a week. Show More Summary

First Thoughts on Piketty

I have been reading Thomas Piketty's "Capital in the 21st Century." It is truly an impressive work, and I am much enjoying it. I have recently organized a session at the upcoming AEA meeting (January in Boston), where David Weil, Alan...Show More Summary

Report from the Chair

Readers of this blog may have noticed that I have not been as active here over the past two years as I was previously. One of the reasons is that, about two years ago, I was appointed chairman of the Harvard economics department. That has been keeping me busy. Show More Summary

Transitory Income and the One Percent

From today's NY Times: Thomas A. Hirschl of Cornell and I [Mark Rank of Wash U] looked at 44 years of longitudinal data regarding individuals from ages 25 to 60 to see what percentage of the American population would experience these different levels of affluence during their lives. Show More Summary

Sometimes it's better to split the baby

This story about the Census Bureau is amazing to me: The Census is changing its annual survey about health insurance. As a result, the new data will not be comparable to the old, making it much harder to gauge the effects of the Affordable...Show More Summary

Next time you hear someone advocate for single-payer healthcare, remember this

From the NY Times: Two Florida doctors who received the nation’s highest Medicare reimbursements in 2012 are both major contributors to Democratic Party causes, and they have turned to the political system in recent years to defend themselves against suspicions that they may have submitted fraudulent or excessive charges to the federal government.... Show More Summary

Sentence of the Day

For Deacon Patrick Moynihan, Head of LCS [Louverture Cleary School], the importance of teaching economics in Haiti is clear, “After theology—economics is the most important science to study because the two things that impact everyone are God and the market.” Here is the source.

Teaching the Liquidity Trap

Users of my favorite intermediate macro textbook will be familiar with the dynamic model of aggregate demand and aggregate supply, which I first put into the book in the 7th edition. That new chapter shows the student how to incorporate...Show More Summary

Barack Obama and Jeb Bush on Immigration

Immigration reform remains one of the great challenges facing our nation, and unfortunately, the policies of the current president fail to match his rhetoric. In today's NY Times: With the Obama administration deporting illegal immigrants...Show More Summary

Sweet Home Alabama

Over the next few days, I will be visiting a couple colleges in Alabama. If you happen to be in the area, you might be interested to know that I am giving a public lecture at Troy University on April 3. You can find information about it here.


As chairman of the Harvard economics department, I am delighted to announce the merger of the Harvard and MIT economics departments. After consulting with the department chairs, the Presidents of Harvard and MIT have concluded that the synergies were too great for the departments to operate separately, only two miles apart, as we have for many years. Show More Summary

Some Surprising Facts about Income Growth and Inequality

From Brookings's Gary Burtless. A few very nice graphs here, based on CBO data.

A Random Snapshot

I have been shooting a series of short videos to serve as chapter introductions for my favorite textbook. These will be available to those using the electronic version of the book, a rapidly increasing share of the market. Just for fun, here is a snapshot from yesterday's video shoot.

Word of the Day

Bulverism.I had never heard this word, but a correspondent recently drew my attention to it. Coined by C.S. Lewis, it is a type of argumentation where you assume your opponent is incorrect then quickly move explain the causes of his folly. Show More Summary

The Growth of Pass-Through Entities

Over the past few decades, there has been an amazing shift in how businesses are taxed. See the figure below, which is from CBO. Businesses are more and more taxed as pass-through entities, where the income shows up on personal tax returns rather than on corporate returns. Show More Summary

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