Another Commencement Address

A good commencement address by Harvard economist Greg Mankiw, filled with wisdom (no, really!). A sampling:

It is true that as an economist, I know precisely what the future holds. But union rules prevent me from sharing that knowledge with the general public.

Communities matter. Communities influence your behavior and shape who you will become. So choose your communities wisely. What is the right community for one person is not necessarily the right community for another. Find a place that will support you and push you to be a better person, as this school has. So far in life, your parents have often chosen the communities for you. But going forward, this is going to be more of your responsibility.

Your niche in life—your comparative advantage [blogger's note: he's an economics professor and can't help himself]—is out there waiting for you. You may not find it immediately. It may present itself to you at an unexpected time and an unexpected place. Be sure to be ready with an open mind.