Economy

 Isn't it a bit odd to base your candidacy on the sunk cost fallacy? Source link...

 Click on graphic to enlarge.This graph from David Leonhardt's column is illuminating. Now I understand why those of us who are fiscally conservative and socially liberal have trouble finding political candidates to fully represent our views. There are too few of...

Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well...

Adam Smith's exact birth date is unknown, but it was sometime in June 1723.  So, 300 years ago this month.  I thought I should not let the month go by without acknowledging the father of modern economics. If you want...

About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in touch with my current and former students. Teachers and students at other schools,...

About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in touch with my current and former students. Teachers and students at other schools,...

Did you know that Kendall Roy (of Succession fame) graduated from the Harvard economics department? You can bid on his diploma here. He must have been in ec 10, though I don't recall him.Click on image to enlarge. Source link...

About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in touch with my current and former students. Teachers and students at other schools,...

Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well...

 Click on image to enlarge.This figure shows that the PPI for final demand tracks the CPI less shelter very closely. By both measures, inflation is now very much under control. The problem is that the CPI for shelter is up...