Friday, November 18, 2011

"....fundamentally right wing"

As part of the solidarity with OWS, Harvard students (some of the 99% don't you know) are boycotting Greg Mankiw's basic Econ class...........

Students believe that several problems with the class itself contributed to that conservative bias. Some, including Sandalow-Ash, said that the class is “not mathematically rigorous” and presents a simplified view of the economic models. According to MIT economics Professor Jonathan H. Gruber ’87, MIT’s introductory economics courses, 14.01 and 14.02, differ from Harvard’s because they use more advanced mathematical models.

The other specific problem raised with the class is a lack of primary source material. “We just read his textbook. … We would rather read Adam Smith or studies by other economists rather than [Mankiw’s] interpretation of them,” said Sandalow-Ash.

Some question whether the walkout was the most effective way to discuss a problem with the course and to support the Occupy movement. Gruber, who teaches 14.01 this fall, said that “the Occupy movement has a good, strong message and I don’t want them to muddy it up … [by] protesting economics.”

When asked why the students chose a walkout approach instead of talking privately with Mankiw, Sandalow-Ash responded that “he’s not very accessible” and that they wanted to draw attention to their cause. According to an article published in the Harvard Political Review, Mankiw has only given three lectures this semester, while the rest of the material was presented in sections and by guest lecturers. Mankiw declined to comment for this article.

There is room for debate about whether or not Economics 10 has a conservative bias. According to Gruber, “basic economics is fundamentally right wing. … It’s not about bias; it’s how the free market works.” When it comes to teaching economics without bias, you have to “acknowledge [that fact] and … approach things even-handedly,” Gruber said.

"Basic economics is fundamentally right wing"? Seriously?

Why might that be? Because it actually makes sense? Because, unlike global warming, you can actually prove things like the Law of Supply and Demand?  Because maybe, it's the conservative view point that's actually supported by "science"?

More.......


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