Mankiw on Obama’s weak sports analogy

Most are aware that N. Gregory Mankiw is an outstanding economist and economics educator. So this post will merely be a recommendation of his recent article in the New York Times: “Emerging Markets as Partners, Not Rivals“. Inspired by Barack Obama’s recent State of the Union address, where the US president multiple times noted that the US should “win the future”, Mankiw obviously has felt a need to explain that economics is generally not a zero-sum game.

As usual, he does an excellent job!

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