tag:blogger.com,1999:blog-5687347459208158501.post7889499227857655745..comments2024-03-29T03:19:09.227-04:00Comments on The Philosopher's Stone: ANTI-MANKIWRobert Paul Wolffhttp://www.blogger.com/profile/11970360952872431856noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5687347459208158501.post-25734175366888008552021-10-18T13:29:02.219-04:002021-10-18T13:29:02.219-04:00This comment has been removed by the author.Business Leads Worldhttps://www.blogger.com/profile/06682586770344781777noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-26998630182358412502011-11-10T05:01:40.138-05:002011-11-10T05:01:40.138-05:00If you're in the mood for more Mankiw bashing,...If you're in the mood for more Mankiw bashing, <a href="http://www.ginandtacos.com/2010/10/13/how-about-a-magic-trick/http://www.ginandtacos.com/2010/10/13/how-about-a-magic-trick/" rel="nofollow">this classic post</a> by one of my favourite bloggers on an op-ed Mankiw did some time back about why letting the Bush tax cuts expire would be theft. One of the most unabashedly deceitful op-eds I'd ever read, and the blogger in question nicely gives it its due.Marinushttps://www.blogger.com/profile/13492009758043047531noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-22422204822847883912011-11-09T17:11:12.852-05:002011-11-09T17:11:12.852-05:00Jim, the key point is that employers usually have...Jim, the key point is that employers usually have no good idea whether an applicant is qualified for a job, and indeed often don't know even after the person has been working for a while! I call your attention to the Columbia speech I posted on box.net. If you set to one side pro basketball players or big league orchestra musicians, most people really have very little idea what constitutes doing a job well. So the Ivy League degree is a substitute for that knowledge.Robert Paul Wolffhttps://www.blogger.com/profile/11970360952872431856noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-42842654627304487432011-11-09T14:39:53.279-05:002011-11-09T14:39:53.279-05:00Professor Wolff –
An additional, but no less impo...Professor Wolff –<br /><br />An additional, but no less important, fact about life in this grim world of ours is that, 9 times out of 10, a potential employer is more than likely to hire a mediocre student with an MBA from Harvard, MIT, or Wharton rather than a superlative student with an MBA from UMass, Penn State, or most other state schools for that matter. Much like people who speak with a British accent, many Americans simply assume that graduates from the elite schools are smarter than those who graduate from non-elite schools – and thus offer them the jobs before all others (no offense to the British accent speakers out there).Jimhttps://www.blogger.com/profile/00826600172627425879noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-44726797245474160932011-11-09T02:56:31.006-05:002011-11-09T02:56:31.006-05:00Also, some hopeful news in Ohio election results t...Also, <a href="http://www.businessweek.com/news/2011-11-09/ohio-repeals-union-law-as-u-s-voters-reject-leaders-policies.html" rel="nofollow">some hopeful news in Ohio election results tonight</a>.James R MacLeanhttps://www.blogger.com/profile/14721224895163793981noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-55208949131714526792011-11-09T02:55:30.251-05:002011-11-09T02:55:30.251-05:00Great post.
I especially like the observation ab...Great post. <br /><br />I especially like the observation about ideas being more likely to survive multiple flaws than one single flaw. The argument about skills-based technological change (SBTC) and rising wage inequality is debunked <a href="http://www.nber.org/papers/w8769" rel="nofollow">here</a>--waaaaay back in aught-two, by that bastion of hardline Maoism, the NBER.James R MacLeanhttps://www.blogger.com/profile/14721224895163793981noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-35999272252035782612011-11-08T15:27:40.057-05:002011-11-08T15:27:40.057-05:00If you do lose it, just ask me. I have one on eac...If you do lose it, just ask me. I have one on each shoulder. I have always thought I had a right to it, since all my degrees are from Harvard, and I had tenure at Columbia before I left [in 1971] to go to UMass. There is no traitor like a class traitor. :)Robert Paul Wolffhttps://www.blogger.com/profile/11970360952872431856noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-63778215056283724012011-11-08T14:48:11.618-05:002011-11-08T14:48:11.618-05:00I'm enjoying this greatly, especially since pe...I'm enjoying this greatly, especially since people have been calling for someone to confront Mankiw on his hypocrisy for awhile, but I have to admit you're not helping me get rid of the anti-elitist chip on my shoulder towards the ivys.Michaelhttps://www.blogger.com/profile/05781744385645937568noreply@blogger.com