Episode
Can the Republican Party Survive the Trump Administration
- Published
- Mar 11, 2026
- Duration seconds
- 4971
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Summary
World-Renowned, Fantastic Economist, and Former CEA Chair, Gregory Mankiw, Discusses his Career, the Iraq War, Trump Policy and Advisers, and His Top Research Hits Greg may be the world's most influential economist as millions of students, in the US and abroad, have studied introductory economics and intermediate macroeconomics using his leading text books. He's also been a major US policy player, including serving as Chair of the President's Council of Economic Advisers under Present George W. Bush. But Greg's greatest contributions have been to macroeconomics. One of his early hits explains that the relatively small costs of individual firms adjusting their prices can lead to slow micro adjustment and remarkably major macroeconomic problems, including exacerbating business cycles. A second major contribution concerns the degree to which households are cash-flow constrained and, as a result, make the economy far more volatile. A third article tests and partially rejects the Solow Model, a central model of national saving. A fourth shows, paradoxically, that competition in the face of monopoly can be inefficient. A fifth helps explain stock market volatility. A sixth helps understand the dynamics of inflation and unemployment based on slow acquisition of information of price setters. Greg describes these contributions as part of our wide ranging, fascinating conversation. Gregory Mankiw's Bio N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, Greg studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on…