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Best of Mankiw: Errors and Tangles in the World’s Best-Selling Economics Textbooks

Summary:
Prof Peter Bofinger of Würzburg University in this post on INET economics: It is always surprising what reactions a few tweets can trigger. My now ten-part Twitter series (summarized here) on key passages from the introductory book (Mankiw 2015) and the macroeconomics book (Mankiw 2019) by N. Gregory Mankiw has met with an incredibly great response. I did not expect it at all. But considering that these textbooks have reached a worldwide circulation of about 4 million according to Mankiw’s own data (Mankiw 2020b), there are simply a great many people who have come into contact with this book, voluntarily or involuntarily, and have had their own experiences with it. In the series, I had tweeted un- or sparsely annotated “Principles” from Mankiw’s books under the ironic title “Best of

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Prof Peter Bofinger of Würzburg University in this post on INET economics:

It is always surprising what reactions a few tweets can trigger. My now ten-part Twitter series (summarized here) on key passages from the introductory book (Mankiw 2015) and the macroeconomics book (Mankiw 2019) by N. Gregory Mankiw has met with an incredibly great response. I did not expect it at all. But considering that these textbooks have reached a worldwide circulation of about 4 million according to Mankiw’s own data (Mankiw 2020b), there are simply a great many people who have come into contact with this book, voluntarily or involuntarily, and have had their own experiences with it.

In the series, I had tweeted un- or sparsely annotated “Principles” from Mankiw’s books under the ironic title “Best of Mankiw.” For a better understanding, I would like to explain the individual tweets and my criticism of Mankiw in more detail below.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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