Word: feldsteins
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While sections are devoted to the rudiments of theory, the dozen or so lectures per semester feature Feldstein or one of his colleagues expounding upon a field of economics of interest to them. In addition, the syllabus assigns scores of articles from newspapers, magazines, and journals that both analyze economic issues and recommend policy...
This focus on policy makes the political credentials of the course head more relevant. Both Feldstein and Mankiw can be placed on the conservative side of the economic political spectrum, according to most economists interviewed for this article. Both professors chaired the Council of Economic Advisers under Republican presidents...
...second-semester unit on fiscal policy includes seven workbook readings analyzing whether the benefits of tax cuts as a stimulus to the economy outweigh the drawbacks of the budget deficits that tax cuts cause. Of the seven articles, three are by Feldstein and only one argues directly against tax cuts...
...think that [students] think the course is more conservative than it is,” Hoxby says. “They think well, Marty Feldstein is conservative, so he must be teaching us a conservative view of things...
Some TFs do worry, however, that the broad leeway Feldstein had in lecturing and assigning articles allowed some of his political views to seep into the course...