A conversation I had with a student last week went something like this:
Student: Professor Mankiw, if you could recommend just one book, what book would it be?
Me: Am I allowed to recommend my favorite textbook?
Student: No. Textbooks are disallowed.
Me: In that case, I'll suggest Milton Friedman's Capitalism and Freedom.
Student: That's funny. That's the same answer I got when I asked this question of Professor Summers.
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