Thursday, February 4, 2016

Harvard Students Get Off to a Keynesian Start

The Harvard Crimson reports
Economics 10b: “Principles of Economics” is once again the largest course in the Faculty of Arts and Sciences, marking the third consecutive year it has achieved that distinction, according to data from the registrar's office.

With an enrollment totaling 558 students as of Sunday afternoon, the flagship introductory economics course remains a popular choice for undergraduates. Economics 10a: “Principles of Economics” drew 700 students last fall, even with competition from courses like Computer Science 50: “Introduction to Computer Science I.”

“I’m delighted when we have high enrollment numbers in Ec 10,” N. Gregory Mankiw, Economics professor and the course head, said. “Students understand that knowing a little bit of economics is an important basis for being a well-informed citizen.”

From Mankiw's introductory text, Principles of Macroeconomics (Chapter 20)

The analyis in the next chapter, as well as this one, owes much to the legacy of John Maynard Keynes.  
There is no mention in the text of Mises or Hayek.


1 comment:

  1. Manikaw is one of those New Keynesians that is eaten up with mathematical models. They badly need a double dose of subjectivism theory