Harvard — November 2, 2011 2:23 am

An Open Letter to Greg Mankiw

By HPR

The following letter was sent to Greg Mankiw by the organizers of today’s Economics 10 walkout.

Wednesday November 2, 2011

Dear Professor Mankiw—

Today, we are walking out of your class, Economics 10, in order to express our discontent with the bias inherent in this introductory economics course. We are deeply concerned about the way that this bias affects students, the University, and our greater society.

As Harvard undergraduates, we enrolled in Economics 10 hoping to gain a broad and introductory foundation of economic theory that would assist us in our various intellectual pursuits and diverse disciplines, which range from Economics, to Government, to Environmental Sciences and Public Policy, and beyond. Instead, we found a course that espouses a specific—and limited—view of economics that we believe perpetuates problematic and inefficient systems of economic inequality in our society today.

A legitimate academic study of economics must include a critical discussion of both the benefits and flaws of different economic simplifying models. As your class does not include primary sources and rarely features articles from academic journals, we have very little access to alternative approaches to economics. There is no justification for presenting Adam Smith’s economic theories as more fundamental or basic than, for example, Keynesian theory.

Care in presenting an unbiased perspective on economics is particularly important for an introductory course of 700 students that nominally provides a sound foundation for further study in economics. Many Harvard students do not have the ability to opt out of Economics 10. This class is required for Economics and Environmental Science and Public Policy concentrators, while Social Studies concentrators must take an introductory economics course—and the only other eligible class, Professor Steven Margolin’s class Critical Perspectives on Economics, is only offered every other year (and not this year).  Many other students simply desire an analytic understanding of economics as part of a quality liberal arts education. Furthermore, Economics 10 makes it difficult for subsequent economics courses to teach effectively as it offers only one heavily skewed perspective rather than a solid grounding on which other courses can expand. Students should not be expected to avoid this class—or the whole discipline of economics—as a method of expressing discontent.

Harvard graduates play major roles in the financial institutions and in shaping public policy around the world. If Harvard fails to equip its students with a broad and critical understanding of economics, their actions are likely to harm the global financial system. The last five years of economic turmoil have been proof enough of this.

We are walking out today to join a Boston-wide march protesting the corporatization of higher education as part of the global Occupy movement. Since the biased nature of Economics 10 contributes to and symbolizes the increasing economic inequality in America, we are walking out of your class today both to protest your inadequate discussion of basic economic theory and to lend our support to a movement that is changing American discourse on economic injustice. Professor Mankiw, we ask that you take our concerns and our walk-out seriously.

Sincerely,

Concerned students of Economics 10

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  • Galan

    Good for them. It requires both critical thinking and courage to take such stand. Harvard should be proud of these students.

  • http://sjsu.edu E. Appiah

    Adam Smith is considered to be the father of economics for a reason. Although his work may not be basic, a firm grasps of the concepts he presented in Wealth of Nations is critical to any economics student future success. The building blocks of Keynesian theory are based off of the fundamental teachings of Smith. If a student is not familiar with Smith’s view on free markets, specialization, and the role of government; how can he even comprehend Keynes’ income-expenditure models. It would be like attempting to solve a complex mathematical equation without knowing how to add. The foundation has to built before you raise the roof.

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  • Anonymous

    iugihu

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  • Tta2

    Christ, what a bunch of ignorant whiners.  What they’re basically saying is that he’s teaching the wrong thing?  If you “know” the alternative Keynesian approach is “correct” (or even “equally valid”, which would betray an even greater ignorance), then obviously you already “understand” economics and don’t need him to cover that area.  If you DO need him to cover it, then apparently that’s an admission that your understanding is inadequate.  Perhaps you’ve failed to consider the most obvious alternative: he knows more than you sorry morons and is trying to teach you something that’s correct.  Why not go to your science class next and complain that the faculty isn’t teaching alchemy or an earth-centric theory of the solar system?

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  • http://www.facebook.com/people/Zachary-Ryan-Smith/831905787 Zachary Ryan Smith

    I am taking Principles of Macroeconomics at UGA this semester. We are using Mankiw’s textbook. Introductory textbooks are, by nature, simplified. They are such, of course, to facilitate an understanding of basic vocabulary before qualifications are considered in further studies.

    If an introductory textbook author wishes to represent phenomena as beautifully simple graphs brought about by rational Econs, let them. Most of my classmates are too focused on sports to care about the differences between Econs and Humans. Unfortunately, Mankiw presents this overly-simplistic view of the world AND gets involved in political arguments–but presenting only those arguments he likes.

    For example, in his chapter, “International Trade”, Mankiw states that one argument of opponents of free trade is the “unfair-competition argument”. If you are going to write two paragraphs on this subject, you should at least mention these three concerns: 1) the environment, 2) human/labor rights (the heinous fatality rate of Chinese miners comes to mind), and 3) governmental subsidizing in attempts to monopolize.

    (As an aside, I do not believe that China devalued its currency in an attempt to reduce American manufacturing infrastructure, only to take advantage and raise prices later, as Mitt Romney is saying.)

    Unfortunately, Mankiw is more than happy to present only a straw-man argument: governmental subsidization. Of course, Mankiw fails to mention that an aim of this can be monopolization, which does happen with smaller countries/economies. 

    This is one of only many straw-man arguments that Mankiw presents. Unfortunately, this letter is a poor argument against Mankiw’s textbook. Hmm…must have been written by a future politician…

  • http://www.facebook.com/profile.php?id=507351785 Alejandro Gabriel Argerich

    Where can I learn more about GTE?

  • Sagittarius A

    Eh… It’s a strong gesture but a little naive.

    If they already “knew” which perspectives need to be presented in a course that is short on time and resources, why do they even need to take the course in the first place?

    The expectation here is that the student is intelligent enough to realize that introductory economics likely cannot cover all dimensions of the subject. So why not just learn, listen, and critique rather than staging these weakly justified and mercurial protests?

  • http://www.facebook.com/profile.php?id=507351785 Alejandro Gabriel Argerich

    Спасибо вам большое! Эта теория очень интересна.

  • the bourgies

    What impudence to question the wisdom of our classical economists who have guided this nation to the heights of prosperity.  Don’t they realize that college is not a democracy?  The point is to learn what you’re told.  And no backtalk!

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  • K-squared

    What is the “bias” and “skew”?  Mankiw only states what generally occurs when freedom of choice is allowed to exist.   Power gravitates to those of that are skilled intellectually, emotionally and sometime by just being lucky.   Life is not fair.  What would be a true travesty would to allow arrogant and ignorant elitists decide what is fair and how benefits and costs should be distributed.  They don’t know what they don’t know.  Harvard education does not make you wise; rather, it risks creating an atmosphere of naivety.

    Historically, we can see how intellectual fools in power have led to the murder of millions.  At least our fools in power must battle the constitution before they flex their muscles to plan our economy in pursuit of equity and fairness.

  • Northampton UK

    Apologies to those blessed with more eloquence.

    As an academic I do sympathise with the colleague who is now
    perhaps thinking “ if only I told them this and left out that…”  etc. 
    The joys of making one’s subject accessible giving “a broad and introductory foundation
    of economic theory that would assist us in our various intellectual pursuits
    and diverse disciplines, which range from…” all in only one module compressed
    into the academic timetable.

    One is frequently reminded how dangerous a little knowledge
    can be.  In the West education has been on
    the slippery slope to a situation where soft skills are “developed” at the
    expense of knowledge and where people have been “feeling” instead of “thinking”
    for decades.  Nations of generalists
    instead of specialists and abundant drivel on the internet has enabled many
    with a little knowledge to form an “informed” opinion allowing them to believe
    what they wanted to believe in the first place. 
    In the UK it seems some of the intellectual classes would now have us
    all in workers’ collectives. As one of those semi informed I have long believed
    that Economics should pay greater attention to Psychology, Sociology and now
    also Education.  (UK coalition note the economic
    effect of making every civil servant fear for their job with cuts only to come sometime
    down the line) Try fitting that into an academic semester! While this letter
    might just be proof of why student power is not always a good thing (David Willets
    take note please), we are really witnessing (experiencing) and emotional
    response to the weaknesses of capitalism. 

    A distant (European) relative once said if you are not a
    socialist at 18 you have no heart, if you are still a socialist at 30/40 you
    have no brain. It is understandable that many would want to “throw their
    toys” in the current economic climate, but it is also clear that the
    consequences of the alternatives to capitalism need greater explanation to
    those young minds growing up in a post cold war era. (I must add that taking
    economics 1 in a “3rd world” country we did look much more than Adam
    Smith – those that grew up in the cradle of Communist Russia found that the
    only hard thing about choosing Capitalism was explaining it to the uneducated
    and naive). We should also not forget that teacher’s and other’s jobs, working
    conditions, remuneration, pensions etc are under review in many western countries.
    It would be a bit naive to think that the message about capitalism received by impressionable
    minds would not be influenced by an emotional response to that and the mistakes
    and excesses of the boom years, bankers etc. With populist politicians on the
    bandwagon in many countries there seems to be a bit of a mountain to climb.

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