Mankiw on stimulus spending

Addition to my "stimulus vs. austerity" collection (here, here, here, here, here, and here) - old Gregory Mankiw's article on the disadvantages of stimulus spending.

Short history of Macroeconomics

A short history of macroeconomics by Gregory Mankiw, describing Keynesian, New Classics and New Keynesians. The author does not describe specific economic principles and models, and omits to mention the Austrians. Yet, I think the article is useful for understanding the modern governments's economic policies.