Harvard econ-prof Greg Mankiw offers prez-elect Obama 4 items of advice on economics.
1. "Listen to your economists... They will often give you advice quite different from what you will hear from congressional leaders Nancy Pelosi and Harry Reid."
2. "Embrace some Republican ideas." That's what Bill Clinton did.
3. "Pay attention to the government’s budget constraint." You can't give people all those things you promised during the campaign when "the laws of arithmetic are ignored."
4. "Recognize your past mistakes." You were a lefty senator. The time for that is over. Listen to your economic experts who will tell you why.