WINNERS AND LOSERS.(the long-range effects of outsourcing on U.S. employment and wages, coupled with the decline in American science graduates, means the U.S. must invest in its human capital to ensure our future prosperity)

N. Gregory Mankiw, the chairman of the White House Council of Economic Advisers, is a tall, mild-mannered Harvard scholar, widely admired within his profession for his sharp mind and clear exposition. He joined the Bush Administration last year, replacing Glenn Hubbard, who returned to Columbia University, and during his first nine months in Washington he attracted little attention, which suited him fine. However, in February, Mankiw found himself in the headlines after he described outsourcing--the shifting abroad of previously secure jobs, such as accounting and computer programming--as "the latest manifestation of the gains from trade that economists have talked about ...