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Did a Harvard economics class cause the financial crisis? Students walk out of lecture...
Daily Mail ^ | November 7th, 2011 | Lydia Warren

Posted on 11/07/2011 2:00:07 AM PST by markomalley

It has spread from New York to Europe and as far afield as Mongolia.

And now a new, perhaps unlikely, location has been caught in the Occupy Wall Street crossfire: a Harvard economics class.

Around 70 students walked out of Professor Greg Mankiw's Economics 10 class this week, claiming his teachings have driven the inequalities in today’s society.

In an open letter, they suggest his conservative curriculum has influenced former Harvard students – including today’s policy makers and bankers – to bring about the financial crisis.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Culture/Society; Extended News; Government; US: New York
KEYWORDS: gregmankiw; harvard; occupywallstreet; ows; partisanmediashills
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To: tlb

LOL!

“F” ‘em all


21 posted on 11/07/2011 4:08:02 AM PST by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: rlmorel

bttt


22 posted on 11/07/2011 4:08:02 AM PST by petercooper (2012 - Purge more RINO's.)
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To: markomalley
The only ‘good’ economics are Keynes/Cloward/Piven economics. I guess this Prof didn't get the Obama memo. /s
23 posted on 11/07/2011 4:13:27 AM PST by originalbuckeye
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To: Jimmy Valentine's brother
EC 10 is in introductory econ class. Mankiw teaches out of his own textbook. His head is screwed-on properly, although he is squishy on some issues (for example, he believes that as a matter of policy we need to reduce our consumption of fossil fuels, and thus should raise taxes on gasoline).

He runs a decent blog, and discusses the walkout there:
http://gregmankiw.blogspot.com/.

24 posted on 11/07/2011 4:19:02 AM PST by 1rudeboy
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To: rlmorel

Thanks for the link.


25 posted on 11/07/2011 4:22:54 AM PST by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: markomalley

liberals...what they accuse him of they are responsible for.....

True capitalism interferes with their neo-feudal plans for the New World Order-the Ivy League-”the best and the brightest”-are being educated to be the managers


26 posted on 11/07/2011 4:23:59 AM PST by mo
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To: LMAO

Was this a state-run school?

Baker College, Mi. Not sure if it was state or not. I took the entire degree on-line. It was a diploma mill, but since I really wanted the knowledge, I did every assignment and all the extra problems I had time for. The on-line conversations with the other students, a requirement, were worthless.


27 posted on 11/07/2011 4:25:15 AM PST by Gen.Blather
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To: tlb

They should keep walking, and pay off their student loans.


28 posted on 11/07/2011 4:32:43 AM PST by richardtavor (Pray for the peace of Jerusalem)
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To: markomalley

This Harvard lecturer is a Keynesian. He supports the sort of high government spending (and Federal Reserve monetary expansion) that were a feature of the Bush years - and are even more a feature of the Obama years.

Let everyone be clear about this - the far left student activists are trying to destroy the right to freedom of speech of a man of the moderate LEFT.

How would the far leftists react to a teacher who really did support the free market - who taught Ludwig Von Mises and so on?

Of course we know how they would react - how the far left has always reacted in every country the far left has taken control of.

The leftists would respond to free market arguments with terror and murder.


29 posted on 11/07/2011 4:41:34 AM PST by Lycrophon
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To: Lycrophon
People are often surprised when I say that I am both a Keynesian and a Friedmanite, because they view Friedman as the anti-Keynes. But that perspective is far too simplistic. In my view, unless you have learned a lot of economics from both of these great thinkers, you haven't learned enough.
--Greg Mankiw

Your characterization is off-base. Someone can observe that increased government spending "stimulates" the economy (and create a host of other problems), without being tagged as a "Keynesian."
30 posted on 11/07/2011 4:45:23 AM PST by 1rudeboy
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To: Gen.Blather

yeah, how dare YOU have an opinion! s/


31 posted on 11/07/2011 4:49:56 AM PST by annelizly
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To: Lonesome in Massachussets
Why would you worry about being cited for Godwin's Law?

It has zero intellectual foundation and is, indeed, an intellectual equivalent of jumping up and down on the table screaming in lieu of offering a counter point in a debate.

The detailed records kept by the national socialists brought a magnifying glass to aspects of human behavior which were previously possible to deny or deflect away from.

Those who refuse to learn from the past sometimes do so because they actively wish to repeat it. If only others would stop holding them back.

Ergot Godwin's Law.

I am through with not ridiculing people who use Godwin's Law, and if you will back up and examine it intellectually you will see why it is unlikely to remain in any serious regard at FR given its nature, its effect, and its general vacuity.

It was a funny line, but some lines are only funny for a while.

32 posted on 11/07/2011 4:55:42 AM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Darteaus94025

I know that what you stated was sarcasm, but given the apparent idiots who were in that class, most of them would probably say “Yes, it would”.....failing to realize that even in a socialist or communist society and economic system, there is inequality: the have and the have nots. =.=


33 posted on 11/07/2011 5:25:37 AM PST by cranked
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To: rlmorel
I cannot recommend it strongly enough: Bill Whittle: Three and A Half Days
Good video and I've been saying the same thing for weeks.
The OWS mobs are the results of sports where everyone "wins," and schools that gave them passing grades for answering "5" when asked what 2+2 equals.
Reality has jumped up and bit them in the @ss and now they want their new "daddy", aka Uncle Sam, to pay their bills.
34 posted on 11/07/2011 5:33:05 AM PST by oh8eleven (RVN '67-'68)
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To: Gen.Blather
The professor later told me I had upset all the students and if I didn’t tone down my “political rhetoric” I was out of the class.

Obviously, he was correct.

You were using reason and logic in a discussion where the woman was "feeling" for her friend.

Leftys use only emotion and feelings and outrage and finally, "Get out of class" you old meany, using facts against that poor defenseless young woman.

35 posted on 11/07/2011 5:37:33 AM PST by USS Alaska (Nuke the Terrorists Savages)
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To: markomalley
Looks like Professor Mankiw may be fighting the good fight against student indoctrination. If so, we should be supporting him.
36 posted on 11/07/2011 5:39:14 AM PST by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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To: Gen.Blather

As you saw in that instance it is not permissible to point out the simple truths that used to be obvious to almost everyone. To be accepted you must sound like a fool now.


37 posted on 11/07/2011 5:44:30 AM PST by RipSawyer (This does not end well!)
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To: SunkenCiv
"Did a Harvard economics class cause the financial crisis?"

Because marxist-indoctrinated students say so? Um... NO.

38 posted on 11/07/2011 5:47:12 AM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: markomalley

Inequality appears to be replacing “diversity” as a leftist buzzword. Just like diversity was an excuse to take jobs away from highly qualified men and give them to unqualified minorities and women, “inequality” is the excuse for taking money from those who earn it and giving it to societal parasites.

Of course there is inequality. Not everyone has the same ambition, intelligence, drive or work ethic. Those that produce things that are needed and wanted prosper. Those that sit home in their parents basement smoking dope do not. Inequality is good. Inequality is right and just. Don’t let anyone tell you different.


39 posted on 11/07/2011 6:07:56 AM PST by Hacklehead (The goal of political correctness is to hide the truth.)
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To: rlmorel
Very well said, Sir :-). Yeah, I was an annoying little brat myself, that’s for sure! Will check out the video when I get home.
40 posted on 11/07/2011 6:31:51 AM PST by cartan
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