From Critiques Of Libertarianism
A famous libertarian economist at Harvard. Teaches a notoriously biased inroduction to economics course requiring his own overpriced textbook. His excursions outside economics are hilarious.
- Greg Mankiw and the Gatsby Curve [More...]
- While Greg Mankiw is a conservative, his economics position is often repeated by libertarians. Three lines of critique against justification of the one percent plus Paul Krugman's take on historical change.
- Greg Mankiw Loves the One Percent, Doesn’t Know Why [More...]
- Jonathan Chait ridicules Greg Mankiw's ideas of equal opportunity: "Mankiw really doesn’t know what he’s talking about here. He’s a brilliant economist, but he’s exposing a moral sensibility based on pseudo-facts and illogic."
- Robert Nozick Agrees With Thomas Piketty [More...]
- "As diehard a libertarian as Nozick was, even he found himself bothered by the prospect of "patrimonial capitalism" to borrow Piketty's phrase [....]" "Like all of his prior forays into the realm of philosophy, Mankiw has this one entirely wrong."
- Sympathy for the Trustafarians [More...]
- Paul Krugman ridicules Greg Mankiw for arguments defending plutocracy by ignoring opportunity costs and undermining of democracy.
- Textbooks and Drugs [More...]
- Tony Cookson takes Greg Mankiw to task for presenting textbooks as a competitive model. He points out that the textbook market suffers from most of the imperfect competition problems of big pharma, explaining $268 textbook prices.
- The Philosophical Case Against Obamacare Is Here. And It's Weak. [More...]
- Greg Mankiw makes a fool of himself in attempting the political philosophy of health care.
What’s curious is that conservative economists are well aware of the danger of “regulatory capture”, in which public institutions are hijacked by vested interests, yet blithely dismiss (or refuse even to mention) the essentially equivalent problem of democratic institutions hijacked by concentrated wealth. I take regulatory capture quite seriously; but I take plutocratic capture equally seriously.
Paul Krugman, "Sympathy for the Trustafarians"