American economist
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This week, Donald Trump celebrated a “reset” with China, lowering tariffs and signaling a major thaw in the trade war between the two countries. Meanwhile, as the President traveled to the Middle East, House Republicans announced their framework for the “big, beautiful” spending bill looking to make changes to Medicaid and reduce the budget deficit. Where does Donald Trump's wider economic agenda now sit? On this episode of Free Expression, Harvard economics professor Greg Mankiw tells Gerry Baker why the President has to stop thinking the U.S. is an economic “loser,” and how the U.S. under Trump is starting take on some of the appearances of an unstable emerging market and gives his perspective on academic freedom on the Harvard campus and elsewhere after the administration's unprecedented campaign against institutions of higher learning. Learn more about your ad choices. Visit megaphone.fm/adchoices
In the hours between Friday and Sunday, the White House announced exemptions on some Chinese tech products, only for the Commerce Secretary Howard Lutnick to say these are just "temporary" and that the electronics will still face other levies. Greg Mankiw, a former economic adviser to President George W. Bush, and Ernie Tedeschi, who was chief economist under President Biden, join the show together to discuss. Also on today's show: Vali Nasr, Professor, School of Advanced International Studies, Johns Hopkins University / Former U.S. State Department Advisor; David Culver, Senior US National Correspondent; Kenneth Stern, Director, Bard Center for the Study of Hate Learn more about your ad choices. Visit podcastchoices.com/adchoices
The basic principles of economics are not only worthwhile reading for students, but for the wider public, and perhaps especially, for those involved in policy. Greg Mankiw, the author of best-selling textbooks for Macroeconomics and Principles of Economics joins EconoFact Chats to highlight how a wider understanding of economic principles such as trade-offs, opportunity costs, how people respond to incentives, the benefits of trade, and others can lead to better policy outcomes. Greg is the Robert M. Beren Professor of Economics at Harvard University. A leading researcher in macroeconomics, he has held numerous high-level policy positions, most notably serving as the Chair of the Council of Economic Advisors in the George W. Bush administration.
When introducing economics to students, Harvard University economics professor Greg Mankiw says it helps to keep it simple. “Maybe they will only take one course in economics,” Mankiw says. “So the question is, for that student, what can you leave them with?” With that in mind, Mankiw wrote the hugely influential Principles of Economics more like a magazine than a traditional textbook. In this episode, Mankiw discusses his journey to the field and how down-to-earth language can unlock students' understanding of complex economic concepts.
Greetings! Today's guest on the Mixtape needs no introduction, but I guess I will anyway. N. Greg Mankiw is a household name to many of us in economics. Either you are a macroeconomist, and his work in new Keynesian economics was something that you had come to know extremely well, or you are literally every other economist, and his principles of economics textbooks you know backwards and forwards because it was either the book you studied as a sophomore in college, or probably even more common, it was the book you used to learn how to teach economics. This interview was a lot of fun, and it kind of fits in a way with something that I keep gravitating towards which is to talk to people in economics who have written textbooks — people like Bill Greene, Mas Col-ell, Jeff Wooldridge, Angrist and Pischke. Thanks again for tuning in.And I know I said I was going to move to doing these every other week, but man does it seem like it's been a long time since I've done one, so I'm not sure but I will have to decide if I can handle doing them only every other week. We'll see.Scott's Mixtape Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Mixtape Substack at causalinf.substack.com/subscribe
The Capitalism and Freedom in the Twenty-First Century Podcast
Greg and Jon discuss Greg's career and main contributions to economics. This includes the development and limitations of New Keynesian models in the 1980s and 1990s as a tool for central banks to understand how the macroeconomy works. Jon and Greg also discuss economic growth, growth accounting and the Solow model. They conclude by talking about Greg's time in government, including his time leading the White House Council of Economic Advisors under President George W. Bush as well as Greg's advocacy for carbon taxes. ABOUT THE SPEAKERS: Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, such as The New York Times, The Washington Post, and The Wall Street Journal. He has written two popular textbooks—the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (Cengage Learning). Principles of Economics has sold over two million copies and has been translated into twenty languages. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers. Professor Mankiw lives in Boston with his wife, Deborah. They have three adult children. Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.
«España va a ser uno de los países más envejecidos del mundo en 2050. La combinación de bajas tasas de natalidad y una alta longevidad ha provocado que sean los mayores, gracias a su peso electoral, quienes determinen la agenda política de nuestro país y el destino del gasto público. España ha dejado de invertir en las políticas que favorecen el crecimiento de largo plazo y su sistema educativo languidece al lado de los países de su entorno». Conde-Ruiz en La juventud atracada. Kapital es posible gracias a sus colaboradores: Idealista/data acaba de lanzar una plataforma para encontrar las mejores oportunidades de inversión residencial, informándote de la rentabilidad del inmueble o su alquiler estimado. Accede al análisis económico de todos los anuncios publicados en Idealista, con datos como la estimación del coste de reforma, los gastos asociados o el flujo de caja. En el buscador encontrarás además información de la zona, como la demanda de alquiler y el perfil de sus habitantes. Puedes ver cómo funciona la plataforma con la muestra en abierto de La Rioja. Idealista/data pone a tu disposición toda la información ordenada y en tiempo real del sector inmobiliario para que tomes la mejor decisión con los mejores datos. Utiliza el código Kapital_invest en el registro para recibir un descuento del 40%. Índice: 1.30. La jerga innecesariamente compleja de los economistas. 7.18. Escribir y producir contenidos para influir. 9.47. El conflicto generacional. 17.50. El iPhone 15 de Paco. 29.15. La reflexión de Laura Urquizu. 34.49. Demografía en democracia. 43.16. El atraco perfecto de la deuda. 59.04. Mecanismo de equidad intergeneracional. 1.06.31. Subir IBI y bajar ITP. 1.23.21. Contrato único. 1.33.07. Políticas para la juventud. 1.39.07. Más niños y más inmigrantes. 1.49.48. La oportunidad perdida con los fondos Next Generation. 1.53.45. El velo de la ignorancia. Apuntes: La juventud atracada. J. Ignacio Conde-Ruiz & Carlotta Conde Gasca. ¿Qué será de mi pensión? J. Ignacio Conde-Ruiz. Nada es gratis. J. Ignacio Conde-Ruiz. Random observation for students of economics. Greg Mankiw. Marginal revolution. Tyler Cowen. Mercado de trabajo y jóvenes. J. Ignacio Conde-Ruiz.
When Joshua Gans and his co-authors released their book Prediction Machines in 2018, they were writing about a topic that seemed quite niche. At this time, machine learning was just starting out. In the last year, the speed at which artificial intelligence has advanced has surprised almost everyone.In this conversation, we hear how the analytical framework that he and his colleagues developed helps to sort through the hype. He argues artificial intelligence is best thought of as a prediction machine. You'll hear why he's optimistic that artificial intelligence will be able to help people remove some of the drudgery from some jobs, but at this time, doesn't seem likely to take over full jobs. He'll share how understanding artificial intelligence as an advance in predictive statistics will help leaders assess how artificial intelligence may or may not be useful. About our guest:Joshua Gans is a Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at the Rotman School of Management, the University of Toronto (with a cross-appointment in the Department of Economics). Joshua is also Chief Economist of the University of Toronto's Creative Destruction Lab. Prior to 2011, he was the foundation Professor of Management (Information Economics) at the Melbourne Business School, University of Melbourne and before that, he was at the School of Economics, University of New South Wales. At Rotman, he teaches MBA students entrepreneurial strategy. He has also co-authored (with Stephen King and Robin Stonecash) the Australasian edition of Greg Mankiw's Principles of Economics (published by Cengage), Core Economics for Managers (Cengage), Finishing the Job (MUP), Parentonomics (New South/MIT Press) and Information Wants to be Shared (Harvard Business Review Press) and The Disruption Dilemma (MIT Press, 2016);
Ek het hierdie week so baie oor inflasie gepraat dat ek so wil afsluit, maar dit is ʼn tegniese een. Greg Mankiw het ʼn interessante blog inskrywing oor Amerikaanse inflasie en sy kommer dat die Federale Reserwebank dalk te streng optree. Dit laat mens ook dink oor die volgende repokoersbesluit hier in Suid-Afrika. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.
I have talked so much about inflation this week that I want to end with one more, but it gets technical. Greg Mankiw has an interesting blog entry about US inflation and his concern that the Federal Reserve may be tightening too much. It also makes one think about the next repo rate decision here in South Africa. * The Economics Minute is supported by the NWU Business School.
Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey Stevenson and Justin Wolfers. In this episode, the three of them discuss what we can learn from financial crises, why globalisation has lost its shine, and how best to communicate economic ideas.Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Entrepreneur Vivek Ramaswamy argues that corporate America is signing on to "woke culture" only to increase profits. He's interviewed by Greg Mankiw, former Chairman of the President's Council of Economic Advisers during the George W. Bush administration and a Harvard University economics professor. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bernie Sanders and Elizabeth Warren promise to pay for their monstrously expensive social programs with a wealth tax that will not work. Andrew Yang's Value Added Tax (VAT) will work, per respected Harvard macro-economist, Gregory Mankiw. Full unedited interview here - https://youtu.be/wmKvNa86fM4 Andrew Yang is the only Democratic Candidate that can beat Donald Trump in 2020. Follow me on Twitter @Trumper4Yang Gregory Mankiw is an American macro-economist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mankiw has written widely on economics and economic policy. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/t4ypodcast/message Support this podcast: https://anchor.fm/t4ypodcast/support
Listen to our conversation with Professor Greg Mankiw, the Robert M. Beren Professor of Economics at Harvard University and former Chairman of the Council of Economic Advisers for President George W. Bush. We discussed his time at the White House producing the Economic Report of the President, venture capital, his investment portfolio, and the economy as a result of COVID-19.
Last year's president of Econ Society, Nick McFaden, joins the show to discuss what he's up to these days, presidential candidates, taxation, and antipoverty policy. What does it mean to be a neoliberal? Are reparations a good idea? Greg Mankiw is #YangGang? We go through those questions and more. Marcus Shera cohosts.
Greg Mankiw, a professor of economics at Harvard, wrote an article for the New York Times urging America to preserve the Federal Reserve he loves. And what is that? A nonpolitical, nonpartisan, scientific economic management agency staffed by selfless advocates for the public good. David Stockman, director of the Office of Management and Budget under Ronald Reagan, joins us to dismantle it. Show notes for Ep. 185
Josh Hendrickson is an associate professor of economics at the University of Mississippi, where he specializes in monetary economics. He also writes for his blog, The Everyday Economist. Josh is a returning guest to the show, and he joins today to talk about his new paper, *Monetary Policy as a Jobs Guarantee*. David and Josh discuss how monetary policy can be better outsourced to the market as well as the Fed’s past mistakes, and what it can do to improve in the future. Josh’s Twitter: @RebelEconProf Josh’s blog: https://everydayecon.wordpress.com/ Related Links: *Monetary Policy as a Jobs Guarantee* by Josh Hendrickson https://www.mercatus.org/publications/monetary-policy/monetary-policy-jobs-guarantee *What Measure of Inflation Should A Central Bank Target?* by Greg Mankiw and Ricardo Reis https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp170.pdf?5a6c189e978749a5299b76ab370771e5 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
Greg Mankiw is a professor of economics at Harvard University and served as the chair of the Council on Economic Advisers under President George W. Bush. Today, he joins the show to discuss the history of macroeconomics and how macroeconomists function as both scientists, who formulate and test theories, and as engineers, who set out to solve real world problems. Greg also shares his thoughts on the debate between the New Keynesian School and New Classical School and how that debate has shaped how we think about economics. David’s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com/ David’s Twitter: @DavidBeckworth Greg Mankiw’s Harvard profile: https://scholar.harvard.edu/mankiw/home Greg Mankiw’s blog: https://gregmankiw.blogspot.com/ Related links: “The Macroeconomist as Scientist and Engineer” by Greg Mankiw https://scholar.harvard.edu/files/mankiw/files/macroeconomist_as_scientist.pdf Macroeconomics by Greg Mankiw https://www.amazon.com/Macroeconomics-N-Gregory-Mankiw/dp/1464182892
Greg Mankiw is a professor of economics at Harvard University and was chairman of the Council of Economic Advisers under President George W. Bush (2003-2005). In this Conversation, Mankiw analyzes the American economy and shares his perspective on current public policy debates about trade, immigration, technological innovation, jobs, and economic growth. Reflecting on the economic challenges the U.S. faces today, Mankiw makes the case for a robust commitment to free markets—both for the sake of America and for the world.
Greg Mankiw is a professor of economics at Harvard University and was chairman of the Council of Economic Advisers under President George W. Bush (2003-2005). In this Conversation, Mankiw analyzes the American economy and shares his perspective on current public policy debates about trade, immigration, technological innovation, jobs, and economic growth. Reflecting on the economic challenges the U.S. faces today, Mankiw makes the case for a robust commitment to free markets—both for the sake of America and for the world.
Greg Mankiw is a professor of economics at Harvard University and was chairman of the Council of Economic Advisers under President George W. Bush (2003-2005). In this Conversation, Mankiw analyzes the American economy and shares his perspective on current public policy debates about trade, immigration, technological innovation, jobs, and economic growth. Reflecting on the economic challenges the U.S. faces today, Mankiw makes the case for a robust commitment to free markets—both for the sake of America and for the world.
Greg Mankiw is the Robert M. Beren Professor of Economics at Harvard University. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. He has written two popular textbooks—the intermediate-level textbook Macroeconomics and the introductory textbook Principles of Economics. Principles of Economics has sold over two million copies and has been translated into twenty languages. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers. Check out all the links, resources and books mentioned by Professor Mankiw at www.economicrockstar.com/gregmankiw
…or How I Learned to Stop Worrying and Love Inequality. David R. Henderson (http://www.davidrhenderson.com) is a research fellow at Stanford University’s Hoover Institution, and a professor of economics at the Graduate School of Business and Public Policy, Naval Postgraduate School, in Monterey, California. Thomas Piketty’s Capital in the 21st Century (http://amzn.to/1LT9jLG) managed to do something unprecedented among equation-dense economic tomes, it became the #1 selling book on Amazon.com. The book tapped in to a hot topic among politicians and the general public: the high (and possibly rising) wealth and income shares of the top 1%. However, David points out that although the book was a best-seller, it wasn’t actually a best-reader. Amazon logs the sentences people highlight, and the top five most-highlighted sentences in Capital all appear in the first 26 pages (www.wsj.com/articles/the-summers-most-unread-book-is-1404417569). It seems that, at least among kindle readers, most people didn’t make it past the introduction. It appears that people buy the book to back up the views they already hold. David thinks that the huge interest in economic inequality in general and the wealth of the 1% in particular was sparked in the 1990s by politicians, including Al Gore, and picked up by journalists like Sylvia Nasar (https://en.wikipedia.org/wiki/Sylvia_Nasar), before influencing the economics debate. Piketty has been able to ride this wave of public interest at what appears to be its crest. David distinguishes between inequality of wealth, inequality of income, and inequality of power. Income inequality is the difference in the amount of income we each take in in wages, interest, dividends, and government transfers (e.g. welfare or social security payments), the four main sources of income for most people. Wealth should ideally include the total value of a person’s assets in addition to the stream of income he is likely to earn in the future, though this stream is more often ignored in wealth statistics. Wealth inequality is not the same as income inequality. Critically, since people earn variable income throughout their lives, income inequality doesn’t capture what we think of as the gap between “rich” and “poor.” Retired people who own two-million-dollar homes might have low incomes, but they certainly aren’t poor. Or, to use an example that’s relevant to myself, as a PhD student my income probably sits in the bottom quintile, and yet I can expect a much higher income after I graduate. The major factor in both income inequality and wealth inequality (measured by current assets and not expected earnings) is age. Teenagers earn little or nothing, but they grow into adults and gain skills and education, their incomes rise, and they gain wealth through savings. Even if everyone had the same lifetime earnings, there would still be significant inequality in any given year since some people would be young low-earners, while others would be older, wealthier high-earners. And since the older people would have had the chance to accumulate wealth over a lifetime, they would have twenty times the wealth of their younger counterparts. While there is a correlation between wealth and power, that correlation is by no means perfect. David gives the example of Bill Gates who discovered the hard way that when you have too little political influence, it can be costly. Gates was hit with a long and costly antitrust suit, after which he greatly expanded his lobbying efforts; he had learned his lesson. David agrees with Joseph Stiglitz’ argument (http://amzn.to/1LT9dDC), to some extent, that large accumulations of wealth are the result of rent seeking. Local governments restrict the building of new homes and developments that could expand the supply of housing. Thus, they keep real estate prices artificially high to the benefit of those who already own their homes. This is an example of successful rent seeking by homeowners to the detriment of non-homeowners. However, while Stiglitz would argue that this justifies a higher tax rate on the wealthy, David prefers the more direct solution of simply reducing or removing these restrictions. The following are also mentioned in this episode: Wealth Inequality in America (https://www.youtube.com/watch?v=QPKKQnijnsM) Piketty and Saez vs. Burkhauser and Cornell: Who’s right on income inequality and stagnation? (https://www.aei.org/publication/piketty-and-saez-vs-burkhauser-and-cornell-whos-right-on-income-inequality-and-stagnation/) Income and Wealth by Alan Reynolds (http://amzn.to/1LOy1Ma) The Boskin Commission (https://en.wikipedia.org/wiki/Boskin_Commission) Myths of Rich and Poor by W. Michael Cox and Richard Alm (http://amzn.to/1NOvEYR) Mark J. Perry on individual income inequality (https://www.aei.org/publication/sorry-krugman-piketty-and-stiglitz-income-inequality-for-individual-americans-has-been-flat-for-more-than-50-years/) Greg Mankiw’s favourite textbook (http://amzn.to/1Rihq8j) Bernie Madoff (https://en.wikipedia.org/wiki/Bernard_Madoff) The McCulloch chainsaw (https://en.wikipedia.org/wiki/Robert_P._McCulloch) Lyndon B. Johnson (https://en.wikipedia.org/wiki/Lyndon_B._Johnson) David’s review of Capital in the 21st Century for Regulation (http://object.cato.org/sites/cato.org/files/serials/files/regulation/2014/10/regulationv37n3-9.pdf) David’s (unexpectedly) controversial EconLog post about ordinal utility (http://econlog.econlib.org/archives/2015/05/tyler_cowen_on_14.html) Robert Solow’s review of Capital in the 21st Century (http://www.newrepublic.com/article/117429/capital-twenty-first-century-thomas-piketty-reviewed) Matthew Rognlie’s response to Piketty (http://www.newrepublic.com/article/117429/capital-twenty-first-century-thomas-piketty-reviewed) and Randal O’Toole’s comment on Rognlie’s response (http://www.cato.org/blog/housing-wealth-inequality) Branko Milanović’s blog on global inequality (http://glineq.blogspot.ca/) David’s article on The Bottom One Percent (http://www.hoover.org/research/bottom-one-percent) Peter Jaworski (http://explore.georgetown.edu/people/pj87/?action=viewpublications&PageTemplateID=360 Is Government the Source of Monopoly? By Yale Brozen (http://amzn.to/1HdvyI0)
This week: Jeff Sommer with David Gillen on the Nobel in economics, Catherine Rampell on jobs and unemployment, Gretchen Morgenson on bailouts, and Greg Mankiw on a walkout from his Harvard classroom.
This week: Jeff Sommer with Gretchen Morgenson on Paul Volcker's warnings, David Gillen and Mary Walsh Williams on the public pension crisis, Natasha Singer on the S.E.C.'s privacy problem, and Greg Mankiw on some economic pitfalls.
Greg Mankiw of Harvard University and Greg Mankiw's Blog talks about the state of modern macroeconomics and Keynes vs. the Chicago School. He defends his proposal to raise gasoline taxes and discusses the politics of tax policy.
Greg Mankiw of Harvard University and Greg Mankiw's Blog talks about the state of modern macroeconomics and Keynes vs. the Chicago School. He defends his proposal to raise gasoline taxes and discusses the politics of tax policy.