"Outsourcing is just a new way of
doing international trade..." "...which makes it a good thing.""Outsourcing is just a new way of
doing international trade..." "...which makes it a good thing."Interviewer:
Please Mr. Mankiw, have a seat.
Dr. Mankiw:
Thank you… and that’s DR. MANKIW, if you please.
Interviewer:
I am sorry. Dr. Mankiw. Why don’t we begin? Tell me about yourself and
your experience in the business world
Dr.
Mankiw: I
studied economics at
Princeton University and MIT. As a teacher, I taught macroeconomics,
microeconomics, statistics, and principles of economies. My research includes
work on price adjustment, consumer behavior, financial markets, monetary and
fiscal policy, and economic growth. I have published articles that have appeared
in academic journals, such as the American Economic Review, Journal of Political
Economy, and Quarterly Journal of Economics, and in more widely accessible
forums, such as The New York Times, The Financial Times, The Wall Street
Journal, and Fortune.
Interviewer:
Please, go on.
Dr.
Mankiw: Additionally,
I have written two popular textbooks - the intermediate-level textbook
"Macroeconomics" from Worth Publishers and the introductory textbook
"Principles of Economics" from South- Western/Thomson. Together, these
two books have sold about a million copies and have been translated into
seventeen languages. In addition to teaching, research, and writing, I am a
research associate of the National Bureau of Economic Research, an adviser to
the Federal Reserve Bank of Boston and the Congressional Budget Office, and a
member of the ETS test development committee for the advanced placement exam in
economics.
Interviewer:
All very impressive, I must say.
What real business experience do you have. What businesses have you run?
Dr.
Mankiw: None
actually.
Interviewer:
What was your last position that
didn’t have to do with being an economic intellectual?
Dr.
Mankiw: I spent
one summer long ago as a sailing instructor on Long Beach Island.
Interviewer:
Dr.
Mankiw, when was the last time you had to meet a payroll?
Dr. Mankiw:
Never.
Interviewer:
Dr.
Mankiw, when was the last time you had to make an HR decision?
Dr. Mankiw:
Never.
Interviewer:
Dr.
Mankiw, when was the last time you had to pay business payroll taxes?
Dr. Mankiw:
Never.
Interviewer:
Dr. Mankiw, when was
the last time you had to negotiate a health insurance plan for all of your
employees?
Dr. Mankiw:
Never.
Interviewer: Dr. Mankiw, what makes you think you are qualified to run my business?
Dr. Mankiw: (Silence)
Interviewer:
Thank
you Dr. Mankiw. We’ll be in touch. (Dr. Mankiw leaves).
Interviewer:
(Speaking to the
receptionist through an intercom). Please send in the next applicant and he better have
some REAL experience.
* http://www.foreignaffairs.org/20040501faessay83301-p0/daniel-w-drezner/the-outsourcing-bogeyman.html
* * http://www.whitehouse.gov/cea/mankiwbio.html