[Harvard] Campus — November 2, 2011 2:23 am
An Open Letter to Greg Mankiw
By Harvard Talks Politics

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. [and likely
Prof. Mankiw misrepresents Smith's theories...]

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 [sic] 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
-- 
Jim Devine / "In an ugly and unhappy world the richest man can
purchase nothing but ugliness and unhappiness." -- George Bernard Shaw
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