Occupy Econ 101
When a science is dying, disciples begin to refuse initiation.
This is what happened last Wednesday in the class of Harvard economics professor Gregory Mankiw, with these simple opening words: “Today, we are walking out of your class.”
The rejection of Mankiw’s class is only a single event in the class of one professor, and yet this refusal may prove to be an event with a much wider significance. Mankiw's econ 101 textbook, Principles of Economics, has made it into the minds of almost every economics student in the modern world and if the students of Mankiw can revolt, then it is possible that students everywhere can begin the task of rethinking the dysfunctional old neoclassical paradigm.
In response to the walk-out, Mankiw has only doubled down his orthodoxy, claiming that the 1% have suffered more than the 99% as a result of the recession. Now is the time for a global walk-out. Download a poster of the True Cost Economics Manifesto at kickitover.org and pin it up in the corridor of your department. Let's start an all out meme war against our neoclassical profs and begin the daunting task of ushering in a new bionomic, psychonomic, ecological economics paradigm.
Now is a good time to begin an escalation and turn the whole world into a grand economics department … to occupy it.
Send pics of what's happening at your campus to [email protected]
for the wild,
Culture Jammers HQ
Update: Check out the video of students walking out of Professor N. Gregory Mankiw's Economics 10 class:
http://www.youtube.com/watch?v=VKS1jZxWLPM
212 comments on the article “Occupy Econ 101”
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Anonymous
It's clear you didn't read (or understand) the entire interview, since you choose to object to one small fact and twist it: the top 1% have suffered more than everyone else. What he is saying is that, on a percentage basis, the incomes of the top have fallen much more than those at lower levels. It's simple statistics. Their incomes are much more closely tied to movements in equity markets, so when stocks fall 50%, they are hit much harder, on a RELATIVE basis, than those whose incomes are entirely derived from working at their jobs. You are looking for inflammatory rhetoric where it does not exist. Very irrational, which is typical of leftists.
Anonymous
It's clear you didn't read (or understand) the entire interview, since you choose to object to one small fact and twist it: the top 1% have suffered more than everyone else. What he is saying is that, on a percentage basis, the incomes of the top have fallen much more than those at lower levels. It's simple statistics. Their incomes are much more closely tied to movements in equity markets, so when stocks fall 50%, they are hit much harder, on a RELATIVE basis, than those whose incomes are entirely derived from working at their jobs. You are looking for inflammatory rhetoric where it does not exist. Very irrational, which is typical of leftists.
Anonymous
Wow.. You don't get it do you? There's always some jackass left on the deck playing their cello as the ship goes down.
Anonymous
Wow.. You don't get it do you? There's always some jackass left on the deck playing their cello as the ship goes down.
Anonymous
The sheer silliness of this comment simply baffles me. I happen to be the 1% by my net worth, and indeed, I have certainly lost a chunk of it that in absolute dollars well exceeds what most of the people have ever had to their name. Want to guess the impact of that to my life, though? Let me offer a hint: it can be expressed in a single digit, and it's a nice and round one.
Anonymous
The sheer silliness of this comment simply baffles me. I happen to be the 1% by my net worth, and indeed, I have certainly lost a chunk of it that in absolute dollars well exceeds what most of the people have ever had to their name. Want to guess the impact of that to my life, though? Let me offer a hint: it can be expressed in a single digit, and it's a nice and round one.
expressarch
I love seeing hysterical rants. "If you don't like it, get out of this country." Yeah, that's intelligent. You don't need to have studied economics to know when you're being sodomized by Wall Street. The government did it? Hell, the "government" is nothing more than a wholly owned subsidiary of Wall Street. Of course they're going to be banker friendly. "Obamunist"? C'mon. Is that the best you got? Wise up. See prairiefirenews.com for our Rural American view of these protesters and their backers & detractors. Stop believing all the lies fed to you by the corporate media. They're little better than Joseph Goebbels. Read beyond the headlines & learn to read between the lines. Think for yourself.
expressarch
I love seeing hysterical rants. "If you don't like it, get out of this country." Yeah, that's intelligent. You don't need to have studied economics to know when you're being sodomized by Wall Street. The government did it? Hell, the "government" is nothing more than a wholly owned subsidiary of Wall Street. Of course they're going to be banker friendly. "Obamunist"? C'mon. Is that the best you got? Wise up. See prairiefirenews.com for our Rural American view of these protesters and their backers & detractors. Stop believing all the lies fed to you by the corporate media. They're little better than Joseph Goebbels. Read beyond the headlines & learn to read between the lines. Think for yourself.
Anonymous
Enjoy your F's, you insubordinate idiots. Oh, and good luck explaining to Mom and Dad why the money they spent for your tuition won't be refunded, since you decided to walk out of class...
...morons!
Anonymous
Enjoy your F's, you insubordinate idiots. Oh, and good luck explaining to Mom and Dad why the money they spent for your tuition won't be refunded, since you decided to walk out of class...
...morons!
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