Tag: Greg Mankiw
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Top 1% Income Share Is The Same As 1999
From a post by Greg Mankiw (The One Percent, Updated): Over the last sixteen years, the share of pre-tax income earned by the top 1% has ranged between 17% and 23%. I calculate an average of 20% over that time frame, precisely where it is today. Read Mankiw's post for more details. A peculiar note:…
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The Limits of Economics
Greg Mankiw is an economist at Harvard and the author of economics textbooks. He recently wrote an excellent piece in the New York Times, When the Scientist Is Also a Philosopher. I appreciated this excerpt. …We economists often have only a basic understanding of how most policies work. The economy is complex, and economic science…
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Taxing Questions (Reprise)
(This post was originally posted on Feb. 29, 2008. I have had more hits on this post than any other post in six years blogging and that stems from the fact that Greg Mankiw provided a link at his site back to this post. With todays' public discussion about taxes today, and in honor of…
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Emerging Markets as Partners, Not Rivals
New York Times: Emerging Markets as Partners, Not Rivals Greg Mankiw IN his State of the Union address last month, President Obama set the stage for a coming policy debate and his re-election bid with a catch phrase. Six times, he called on Americans to “win the future.” And he used the variant “winning the…
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The Half-Full Glass of Economic Mobility
Greg Mankiw: The Half-Full Glass of Economic Mobility When people look at data on economic mobility, they see different things. For example, it is well known that if your father had high income, you are more likely to have high income than if you father had low income. According to this study (which I found thanks…
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Greg Mankiw on the Tax Deal
Greg Mankiw: Greg Mankiw on the Tax Deal I am generally pleased with the compromise over taxes the President and Republicans struck yesterday. (The President should be too, but he seemed dejected at his news conference. Buck up, Mr President! You don't want anyone to start thinking of the word "malaise.") One aspect of the deal struck…
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The Blur Between Spending and Taxes
New York Times: The Blur Between Spending and Taxes Greg Mankiw SHOULD the government cut spending or raise taxes to deal with its long-term fiscal imbalance? As President Obama’s deficit commission rolls out its final report in the coming weeks, this issue will most likely divide the political right and left. But, in many ways,…
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Greg Mankiw on QE2
Greg Mankiw's Blog: QE2 Mankiw is a professor at Harvard, author of the leading college economics textbook, and served as member of Bush's economic advisors. Several people have asked my opinion of the Federal Reserve's new round of quantitative easing. In particular, some have noted that I did not sign the open letter by conservative economists…
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The Colbert Effect
Some profound economic analysis from Harvard of the Colbert Effect.
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Do two rights make a wrong?
Greg Mankiw: Do two rights make a wrong? Users of my favorite textbook know that it includes, in Chapter 7, a case study on whether kidneys should be traded in a market. Today's NY Times has a related article. The paper's so-called "Ethicist" is dealing with this situation: 1. Person A receives a kidney transplant…