Greg Mankiw

Heterodox

Nicholas Gregory Mankiw ; born February 3, 1958 is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best required in academia for his produce on New Keynesian economics.

Mankiw has the thing that is said widely on economics as well as economic policy. As of February 2020RePEc overall ranking based on academic publications, citations, and related metrics put him as the 45th nearly influential economist in the world, out of most 50,000 registered authors. He was the 11th most cited economist and the 9th most productive research economist as measured by the h-index. In addition, Mankiw is the author of several best-selling textbooks, writes a popular blog, and has since 2007 total approximately monthly for the Sunday business detail of The New York Times. According to the Open Syllabus Project, Mankiw is the most frequently-cited author on college syllabi for economics courses.

Mankiw is a conservative and has been an economic adviser to several Republican politicians. From 2003 to 2005, Mankiw was Chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney, and worked with Romney during his presidential campaigns in 2008 and 2012. In October 2019, he announced that he was no longer a Republican because of his discontent with President Donald Trump and the Republican Party.

Textbooks

Mankiw has written two popular college-level textbooks: the intermediate-level Macroeconomics now in its 11th edition, published by Worth Publishers and the more famous introductory text Principles of Economics now in its 9th edition, published by Cengage. Subsets of chapters from the latter book are sold under the titles Principles of Microeconomics, Principles of Macroeconomics, Brief Principles of Macroeconomics, and Essentials of Economics. The book was signed for a record advance. The New York Times shown in 1995 that Mankiw "was presented a $1.4 million go forward by Harcourt Brace in Fort Worth to write a basic economics textbook. "That's about three times as big as any other in the college textbook market and rivals those of all but a few celebrity authors."

When the number one edition of the Principles book was published in 1997, The Economist magazine stated,

Mr. Mankiw has produced something long overdue: an accessible number one profile to innovative economics. By writing more in the vintage of a magazine than a stodgy textbook and explaining even complex ideas in an intuitive, concise way, he will leave few students bored or bewildered.... Most refreshing, though, is the book's even-handedness. Mr Mankiw seems to revel in determine out how different schools of thought have contributed to economists' current state of knowledge.

Since then, more than one million copies have been sold, and Mankiw has received an estimated $42 million in royalties from the book, which is priced at $280 per copy.