Macroeconomics

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Mankiw, N. Gregory (1989-08-01). "Real Business Cycles: A New Keynesian Perspective". Journal of Economic Perspectives. 3 (3): 79–90. doi: 10.1257/jep.3.3.79. ISSN 0895-3309. N. Gregory Mankiw (1998). Principles of Economics (1sted.). Fort Worth, Texas: Dryden Press. ISBN 978-0-03098238-5. In November 2006, Mankiw became an official economic adviser to Massachusetts Governor Mitt Romney's political action committee, Commonwealth PAC. [45] In 2007, he signed on as an economic adviser to Romney's presidential campaign. [46] He continued in that role during Romey's 2012 presidential bid. [47] [48] In the New Economics: Fast-Food Factories?", The New York Times, February 20, 2004. Retrieved March 28, 2008.

Mankiw is a conservative, [11] [12] [13] [14] and has been an economic adviser to several Republican politicians. From 2003 to 2005, Mankiw was Chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney, and worked with Romney during his presidential campaigns in 2008 and 2012. In October 2019, he announced that he was no longer a Republican because of his discontent with President Donald Trump and the Republican Party. [15] Early life and education [ edit ] Your Massive Election Central Guide to 2008 Prez Campaign Staffs | TPMCafe". Archived from the original on 2007-06-22 . Retrieved 2007-07-18.

Robert M. Beren Professor of Economics

Principles of Economics is the standard textbook for American economics departments' introductory classes. [6] [7] [8] The current publisher Cengage claims it is the "most popular economics textbook". [9] 10 Principles [ edit ] After Criticism, Mankiw to Donate Textbook Royalties to Charity". The Harvard Crimson . Retrieved 2021-01-06. a b For Greg Mankiw's blog, see "GREG MANKIW'S BLOG / Random Observations for Students of Economics". Mankiw's most widely-cited paper is "A Contribution to the Empirics of Economic Growth," which was coauthored with David Romer and David Weil and published in the Quarterly Journal of Economics in 1992. The paper argues that the Solow growth model, once augmented to include a role for human capital, explains reasonably well international differences in standards of living. According to Google Scholar, it has been cited more than 24,000 times, which makes it one of the most cited articles in the field of economics.

I've not seriously considered other texts since adopting Mankiw. I have looked at more advanced texts that use calculus, but have decided they are not as accessible for the student population that I teach.” N. Gregory Mankiw (1985). "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly". Quarterly Journal of Economics. 100 (2): 529–537. doi: 10.2307/1885395. JSTOR 1885395. Matthews, Dylan (2019-05-14). "The radical plan to change how Harvard teaches economics". Vox . Retrieved 2020-03-18. Beyond his work in macroeconomics, Mankiw has also written several other notable papers. In 1989, he coauthored a paper with David Weil that examined the demographic determinants of housing demand and predicted that the aging of baby boomers would undermine the housing market in the 1990s and 2000s. [36] In 1986, he coauthored a paper with Michael Whinston in microeconomic theory that showed that under imperfect competition, entry tends to be excessive in homogeneous-goods industries because entrants fail to take into account the business-stealing externality that they impose on their rivals. When goods are heterogeneous, it is ambiguous whether free entry produces too many or too few firms because of offsetting business-stealing and product-variety externalities. [37] Textbooks [ edit ] Along with David Card, Mankiw was elected vice president of the American Economic Association. [79]After leaving the CEA, Mankiw resumed teaching at Harvard and took over one of the most popular classes at Harvard College, the introductory economics course Ec 10, from Martin Feldstein. [42] He has become an influential figure in the blogosphere and online journalism since launching his eponymous blog. The blog, [8] which was originally designed to assist his Ec10 students, has gained a readership that extends far beyond students of introductory economics. [43] Subtitled "Random Observations for Students of Economics," it was ranked the top economics blog by US economics professors in a 2011 survey. [44] On November 2, 2011, a number of students in Mankiw's Economics 10 class walked out of his lecture. Several dozen of the 750 students participated. [59] [60] Before leaving, they handed Mankiw an open letter critical of his course that stated in part:

Nicholas Gregory Mankiw ( / ˈ m æ n k j uː/; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. [4] Mankiw is best known in academia for his work on New Keynesian economics. [5] Samuelson, Robert J. "Opinion | It's time we tear up our economics textbooks and start over". Washington Post. ISSN 0190-8286 . Retrieved 2021-01-06. Omicron Delta Epsilon, the international honor society for economics, awarded Mankiw the biennial John R. Commons Award. [81]NEW Online-Only Problems. Professor Mankiw has written dozens of new end-of-chapter problems that are available only in the digital version of Macroeconomics. Analytic problems ask students to practice shifting the curves in various models and interpreting the results. Numerical problems present models with specific parameter values and ask students to calculate the resulting equilibria. Still other problems incorporate data: They ask students to answer questions about data describing the U.S. economy, which can be easily accessed using Federal Reserve Economic Data (FRED). Mr. Trump has not laid out a coherent economic worldview, but one recurrent theme is hostility to a free and open system of international trade. From my perspective as an economics policy wonk, that by itself is disqualifying. And then there are issues of temperament.... he does not show the admirable disposition that I saw in previous presidents and presidential candidates I have had the honor to work for. 2019 departure from Republican Party [ edit ]

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics. He is also author of the best-selling introductory textbook Principles of Economics (Cengage Learning). Smith, Noah (13 January 2017). "Tribal warfare in economics a thing of the past". The Australian Financial Review. Fairfax Media. Bloomberg. [Joseph] Stiglitz is a hero to the left, while [Greg] Mankiw is a small-government conservative. Isidore, Chris (November 2, 2011). "O.W.S. stages walk-out of Harvard econ class". CNN. Jose DelReal, a reporter with The Harvard Crimson, the student newspaper, said about 60 students participated in the walk-out. Harvard Economist Advises Mitt Romney". Archived from the original on August 13, 2015 . Retrieved October 5, 2011. we found a course that espouses a specific—and limited—view of economics that we believe perpetuates problematic and inefficient systems of economic inequality in our society today.... Economics 10 makes it difficult for subsequent economics courses to teach effectively as it offers only one heavily skewed perspective rather than a solid grounding on which other courses can expand.... Harvard graduates play major roles in the financial institutions and in shaping public policy around the world. If Harvard fails to equip its students with a broad and critical understanding of economics, their actions are likely to harm the global financial system. The last five years of economic turmoil have been proof enough of this. [61]

New Mexico Tech News". New Mexico Tech. June 17, 2004. Archived from the original on May 28, 2010 . Retrieved November 29, 2010. NEW EconoFact Memos with Unique Exercises. Since 2017, a number of prominent economists have collaborated to produce EconoFact, described as “a non-partisan publication designed to bring key facts and incisive analysis to the national debate on economic and social policies.” Many chapters of the digital text conclude with links to brief EconoFact memos paired with assessments that ask students to test and apply what they have learned. These unique assessments are available only with this text. Mankiw has written widely on economics and economic policy. As of February2020 [update], the RePEc overall ranking based on academic publications, citations, and related metrics put him as the 45th most influential economist in the world, out of nearly 50,000 registered authors. [6] He was the 11th most cited economist and the 9th most productive research economist as measured by the h-index. [7] In addition, Mankiw is the author of several best-selling textbooks, writes a popular blog, [8] and has since 2007 written approximately monthly for the Sunday business section of The New York Times. [9] According to the Open Syllabus Project, Mankiw is the most frequently-cited author on college syllabi for economics courses. [10]