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Blog Profile / Greg Mankiw's Blog


URL :http://gregmankiw.blogspot.com
Filed Under:Business & Finance / Economics
Posts on Regator:2351
Posts / Week:7.1
Archived Since:June 7, 2008

Blog Post Archive

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.

Announcement

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

Too Little Faith in People, Tax Policy Edition

Paul Krugman responds to my post about a recent column of his. He is correct that not all economists agree that low capital taxation is desirable; he appropriately cites Diamond and Saez, who are on the high-capital-tax side of this debate. Show More Summary

Not Class Warfare, Optimal Taxation

Today's column by Paul Krugman is classic Paul: It takes a policy favored by the right, attributes the most vile motives to those who advance the policy, and ignores all the reasonable arguments in favor of it.In this case, the issue is the reduction in capital taxes during the George W. Show More Summary

Measuring Slack in the Phillips Curve

According to a new paper coauthored by Alan Krueger, the short-term unemployment rate works better than the standard unemployment rate in explaining changes in inflation, and according to this measure, the economy was about at its NAIRU in 2013. This finding is related to issues I discussed in a recent Times column. Here is a relevant graph from the Krueger paper.

How to Win a Billion Dollars

Quicken Loans will pay you a billion dollars if you fill out perfect bracket for the NCAA men's basketball tournament. But given the odds, the expected value is still less than a penny.

In choosing whether to major in econ, women respond more to grades than men

This chart shows the percentage of male and female students who received a given grade in introductory economics course who then later majored in economics. Source.

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