Mankiw’s “Crisis Economics” from the Summer 2010 issue of National Affairs touches on a bunch of issues that come up in this class:
- What theory is correct?
- What policy is correct?
- How do we judge policy if it doesn’t work?
- What do Democrats believe?
- What do economists who work for Democrats believe?
Keep in mind while reading this, that Mankiw is known as a new-Keyesian, but directed Bush’s Council of Economic Advisors for a while, and almost got fired for saying publicly that his administration’s policies didn’t make sense.