Archive for March, 2005
Friday, March 18th, 2005
Mr. Mankiw was until recently George W Bush’s chief economic advisor. He also wrote the texbook for my applied macroeconomics class, obviously titled Macroeconomics, 5th ed.
I’m reading through the textbook right now, and I cannot help but think about his position while reading it. The textbook is great, well-written for the most part, pretty concise, and easy to understand. But I can’t help but think that Mr. Mankiw is preaching “do as I say, not as I do” in this textbook. Either that, or he really needs to read his own book.
This is the same guy made famous for his report praising the trend of “outsourcing” of American jobs to foreign countries and partially responsible for the Bush administration’s perennially sunny economic forecasts.
In the few mentioned of George W Bush I found in the textbook, one implies his tax cut was sound Keynsian economic policy, and another blames the bleak economic picture on 9/11, but the book is pretty free of Fox-News-Syndrome (e.g. too much political commentary). I look forward to reading one of the textbook’s last chapters, which is exclusively about government debt.