> BTW, would anyone also > care to comment on Mankiw's text as a replacement for the venerable > Samuelson? > ~Alypius Skinner
I use Mankiw. It is straight-forward, readable, and does not get goofy. It is not purely pro-market, but as good a mainstream text as one can find. I don't like the treatment of public goods, but I get around that with in class. > The following is taken from G.Mankiw 'Macroeconomics' Fourth Edition 1999 > The Worldwide Slowdown in Economic Growth > > * An increase in government regulations Yes. > * The world has started to run out of new ideas about how to produce. We > have entered an age of slower technological progress. Refuted by the 1990s boom. > The world wide slowdown in economic growth largely remains a > mystery. Not a mystery. Intervention reduces growth, and innovation increases it. We had a spurt of innovation during the 1990s boom. A large increase in intervention during the 60s and 70s retarded growth. There were some tax cuts after that had a positive supply-side effect. Fred Foldvary ===== [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? LAUNCH - Your Yahoo! Music Experience http://launch.yahoo.com
