October 2012

What should every non-econ student know about economics?

When they told me I was expected to teach “Introduction à l'économie” this year, I thought, OK, this is straight. Every economist knows how to do that. If not, he will be wisened up after swallowing 50 pounds of Mankiw/Stiglitz-Walsh textbooks, where he will learn everything about how economics has evolved, from the science of how wealth is produced to the science of rational choice under scarcity. Read more