Greg Mankiw is an economics professor at Harvard and the author of the leading introductory economics textbook. He organizes the book around ten principles. A year ago, an economic humorist (no, that isn't an oxymoron) named Yoram Bauman broke down the real meaning of Mankiw's principles. Great stuff! I particularly liked…
Microeconomists are people are wrong about specific things and macroeconomists are wrong about things is general.
and
Economists have successfully predicted nine out of the last five recessions.
Check it out.
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