Sunday, December 4, 2011

Greg Mankiw Thinks About Students Who Walked Out on His Econ Class at Harvard

Professor Greg Mankiw considers and discusses his views on the students who walked out on his Economics 10 class at Harvard recently, one of those Occupy Wall Street things. In a piece in the Sunday New York Times, he writes,

My first reaction was nostalgia. I went to college in the late 1970s, when the memory of the Vietnam War was still fresh and student activism was more common. Today’s college students tend to be more focused on polishing their résumés than on campaigning for social reform. I applaud the protesters for thinking beyond their own parochial concerns and trying to make society a better place for everyone.

But my second reaction was sadness at how poorly informed the Harvard protesters seemed to be. As with much of the Occupy movement across the country, their complaints seemed to me to be a grab bag of anti-establishment platitudes without much hard-headed analysis or clear policy prescriptions. Ironically, the topic of the lecture that the protesters chose to boycott was economic inequality, including a discussion of recent trends and their causes.

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