Conservative economist Greg Mankiw is upset by this meme which seems to be forming that Obama’s economic team is more special than any of Bush’s — which happens to include Mankiw himself.
So, in response to Paul Krugman’s post about the days of cronyism being over, Mankiw pulls out a large chart which purports to rank economists based upon their “academic accomplishments,” and wouldn’t you know it — plenty of folks from both Obama and Bush’s teams are on the chart. Thus, Mankiw deftly proves that everything Bush ever did (cough *tap Mankiw* cough) is just as good as anything Obama will do:
Judging by this objective criterion, it looks like the two adminstrations are drawing economists from roughly the same talent pool.
Of course, the bulk of Obama’s team earned their chops by presiding over the largest and longest economic expansion in American history (Clinton Admin.); and Mankiw and his buddies get to stake their claim in the worst economic collapse since the Great Depression.
BUT THEY’RE ALL ON THE SAME CHART!
There is also some irony in the fact that Mankiw vaguely implies Krugman is a “hack” while referencing a chart which conveniently ranks Krugman ahead of Mankiw:
15. Paul Krugman
21. Greg Mankiw