Greg Mankiw
was Chairman of George W. Bush's Council of Economic Advisers. He then went on to becoming economic adviser to Mitt Romney's failed presidential campaigns. Mr. Romney was, and still is, known for advocating econonic policies which benefit the upper-income 1% at the expense of the other 99%.
In 2011 Mr. Mankiw's students at Harvard walked out of his economics class because they were fed up with his heavily biased way of teaching economics.
Mr. Mankiw is an advocate for income inequality, job outsourcing and global free trade in general. George W. Bush's administration was characterized by a very slow economic and employment recovery after the 2000 - 2001 recession. Mr. Mankiw stated that job outsourcing had no influence on this unusually weak economic performance, and it is "good for the economy in the long-run". Mr. Mankiw also stated that a fast-food restaurant employee selling hamburgers at the counter creates economic value because flipping and selling hamburgers at McDonald's is the economic equivalent of manufacturing.
Unlike some of his colleagues - such as Martin Feldstein, R. Glenn Hubbard and Ken Rogoff - Mr. Mankiw displayed quite a bit of reputation self-preservation savvy by declining to appear in the film "Inside Job" by Charles Ferguson.
https://en.wikipedia.org/wiki/Greg_Mankiw
This article intentionally creates the impression that Mr. Mankiw's economic views are shared by a majority of economists. Nothing could be further from the truth.
Biting the hand that feeds IT
