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J. Bradford DeLong
Berkeley, CA
J. Bradford DeLong is an economist teaching at the University of California at Berkeley.
Interests: history, economic history, information age, political economy, grand strategy, international relations, material culture., information technology, economics
Recent Activity
**Eleanor Roosevelt**: [My Day](http://www.gwu.edu/~erpapers/myday/displaydoc.cfm?_y=1946&_f=md000257): >LONDON—The interest of the Assembly delegates has been centered in the Security Council meetings, and everywhere you go in London, you hear them being discussed. I am very happy to find that the general feeling agrees with my own. There is a great sense of relief that questions which might ordinarily seethe under the surface and never be discussed openly are now being considered by all nations. Difficulties between people or nations that are not talked out create a potential bitter feeling of injustice on all sides. >The women working in the United Nations Organization met the other day to sign an appeal addressed to the women of every country in the world and to their governments as well. We think it is very important, and so I am quoting from it here: >>This first Assembly of the United Nations marks the second attempt of the peoples of the world to live peaceably in a democratic world community. This new chance for peace was won through the joint efforts of men and women working for common ideals of human freedom at a time when the need for united effort broke down barriers of race, creed and... Continue reading
Posted yesterday at bradford-delong.com
**Picks of the Litter:** 1. [Confessions of a Financial Deregulator](http://www.bradford-delong.com/2015/02/confessions-of-a-financial-deregulator-hoisted-from-the-archives-from-2008-over-at-project-syndicate.html) 2. [Debate: J. Bradford DeLong and R. Glenn Hubbard: Income and Wealth Inequality in the United States: Evidence, Causes and Solutions](http://www.bradford-delong.com/2015/02/debate-j-bradford-income-and-wealth-inequality-in-the-united-states-evidence-causes-and-solutions.html) 3. [Covering the Rollout of This Year's Burr-Hatch-[Coburn/Upton] ObamaCare Replacement Proposal Properly](http://www.bradford-delong.com/2015/02/over-at-equitable-growth-covering-the-rollout-of-this-years-burr-hatch-coburnupton-obamacare-replacement-proposal-proper.html) ---- **MOAR:** * [Why Do I Feel That the Congressional Leaders Are Playing Kabuki Theatre?: Focus](http://www.bradford-delong.com/2015/02/over-at-equitable-growth-why-do-i-feel-that-the-congressional-leaders-are-playing-kabuki-theatre-focus.html) * [What Twitter Can and Cannot Be Used For...](http://www.bradford-delong.com/2015/02/what-twitter-can-and-cannot-be-used-for.html) * [RStudio in the Cloud, for Dummies: Teaching: Tools](http://www.bradford-delong.com/2015/02/rstudio-in-the-cloud-for-dummies-teaching-tools.html) * [Covering the Rollout of This Year's Burr-Hatch-[Coburn/Upton] ObamaCare Replacement Proposal Properly](http://www.bradford-delong.com/2015/02/over-at-equitable-growth-covering-the-rollout-of-this-years-burr-hatch-coburnupton-obamacare-replacement-proposal-proper.html) * [Kansas Republicans Against Public College Professors Telling the Truth About Fiscal Policy](http://www.bradford-delong.com/2015/02/kansas-republicans-against-public-college-professors-telling-the-truth-about-fiscal-policy-live-from-teh-roasterie.html) * [People Are Talking About How Great Andrew Sullivan's "The Dish" Was...](http://www.bradford-delong.com/2015/02/people-are-talking-about-how-great-andrew-sullivans-the-dish-was-live-from-la-farine.html) * [Captures the Typical First-User Experience Well!](http://www.bradford-delong.com/2015/02/captures-the-typical-first-user-experience-well.html) * [Weekend Reading: Best Review of Martin Wolf's "The Shifts and the Shocks"](http://www.bradford-delong.com/2015/02/weekend-reading-best-review-of-martin-wolfs-the-shifts-and-the-shocks.html) ---- **From Further Back:** * [Confessions of a Financial Deregulator](http://www.bradford-delong.com/2015/02/confessions-of-a-financial-deregulator-hoisted-from-the-archives-from-2008-over-at-project-syndicate.html) * [Julia Ioffe's Piece on Ezra Klein](http://www.bradford-delong.com/2015/02/marty-peretz-of-the-new-republic-on-matthew-yglesias-spencer-ackerman-ezra-klein-dana-goldstein-and-company.html) * [Re-Reading My Weblog: July 2005](http://www.bradford-delong.com/2015/02/re-reading-my-weblog-july-2005.html) * [The Austerians' Dumbing-Down the Debate Over Fiscal Policy](http://www.bradford-delong.com/2015/02/the-austerians-dumbing-down-the-debate-over-fiscal-policy-hoisted-from-the-archives-from-two-years-ago.html) Continue reading
Posted yesterday at bradford-delong.com
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**Live from Evans Hall:** bCourses LOSES blogging... So I am working on one of my subpages on from my computer in my office... When I am called away to do something... And I find that the system has logged me out do to activity while I was gone... And when I come back and try to do something it sends me to the CalNet login screen... And so I log in... And then I find myself dumped back not to the page I was on but to the bCourses user dashboard page, with any state I had going on lost, and any breadcrumb trail to inclue my brain to what I was doing lose... This, to me, counts as a LOSE ---- Plus: Continue reading
Posted yesterday at bradford-delong.com
**Live from Evans Hall:** If this is the kind of thing you like, you will like this thing very much--you will, in fact, think that this is the best thing on the internet so far this year: **Ada Palmer**: [Plato vs. Metaphysics, or How Very Hard it Is to Un-Learn Freud — Crooked Timber](http://crookedtimber.org/2016/02/08/plato-vs-metaphysics-or-how-very-hard-it-is-to-un-learn-freud/#comment-658172) It's a 10,000 word essay triggered by [_The Republic_](http://amzn.to/20FN1VU) of Aristocles son of Ariston, and by [_The Just City_](http://amzn.to/1Q3Oom2) and [_The Philosopher Kings_](http://amzn.to/1Xe5m7h) of Jo Walton... Continue reading
Posted yesterday at bradford-delong.com
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**Must-Read: Ada Palmer**: [Plato vs. Metaphysics, or How Very Hard it Is to Un-Learn Freud](http://equitablegrowth.org/?p=22661): "My students can know intellectually that Plato’s world was full of unfreedom... >...but still feel instinctively that a Republic which offers universal, equal education to all children, of all parents, all races, and both sexes, then gives you an exam to determine the job that will make you most happy in life, is a step toward totalitarianism. So, well done, Enlightenment, you made a society of young people who really think with freedom and equality as defaults (even if that has the flip side of making it harder for them look past our paper claims of universal equality recognize the real inequalities caused by issues like poverty and race). As for the Republic, the simple conclusion is that a richer analysis of Plato’s alternate society requires keeping in mind which default society Plato is critiquing, but that is only the first step of engaging with the question of historicity... > Continue reading
Posted yesterday at bradford-delong.com
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With Bill Clinton, or Bill Bradley, or Al Gore, or Barack Obama, or Lloyd Bentsen, or Hillary Rodham Clinton--you listen to them, or you talk to them, and you know there is a mind back there deeply knowledgeable about and wrestling with substantive issues of societal welfare and technocratic policy. With other high politicians, not so much. I gather that New Jersey Governor Chris Christie boldly stated that Marco Rubio failed his Turing test--and large numbers of observers agreed. Or take Ted Cruz, who starts out with a quite reasonable discourse on the fundamental aims of monetary policy: >Look, a dollar is a unit of measurement. It is the measure by which we assess: What is more valuable, a television or an automobile? The way we assess that is using the dollar to measure the comparative value. You know, think about it in a different context, think of the unit of measurement of time – an hour. Now, do you want a long hour or a short hour? As a practical matter, we want an hour to be 60 minutes, every time, over and over again. We want a stable hour, because it’s a unit of measurement. Money is the... Continue reading
Posted yesterday at bradford-delong.com
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**Live from La Farine:** It's not just compared to the Republican clown show that these senior Democratic politicians are all class acts: **Maha**: [Dust and Ashes, Egos and Religion](http://www.mahablog.com/2016/02/04/dust-and-ashes-egos-and-religion/): "A question asked by Rabbi Jonathan Spira-Savett... >...of Temple Beth Abraham in Nashua, NH: >>Rabbi Simcha Bunim taught that every person has to have two pockets, and in each pocket they have to carry a different note. And the note in one pocket says the universe was created for me. And in the other pocket the note says I am just dust and ashes. I want you to take a moment and think about what you would tell us about your two pockets. How do you cultivate the ego... we all know you must have... and also the humility...? >This is a great question.... Clinton’s answer.... >>Another absolutely wonderful question. >>Thank you, Rabbi. >>I think about this a lot. Um, I feel very fortunate that I am a person of faith, that I was raised in my church and that I have had to deal and struggle with a lot of these issues about ambition and humility, about service and self-gratification, all of the human questions that all of us deal... Continue reading
Posted yesterday at bradford-delong.com
**Live from the Forbidden City:** Reading the excellent Minxin Pei this morning. (1) Loss of position, (2) loss of informal influence, (3) loss of cushy life, (4) loss of liberty, and (5) loss of life--those are the five forfeits that can be imposed on the losers in any game of high politics. Systems that impose only (1) and (2) tend to cause substantially fewer human and policy disasters than systems that impose (4) and (5). As Khrushchev once said, of all his achievements the one that he was proudest of was that starting in his reign the losers in the game of Soviet politics were no longer shot or sent to the concentration camps--instead, they were sent off to manage some small-town factory somewhere. China needs to learn that lesson: **Minxin Pei**: [China’s Rule of Fear](https://www.project-syndicate.org/commentary/china-fear-bureaucratic-paralysis-by-minxin-pei-2016-02): "China is once again gripped by fear in a way it has not been since the era of Mao Zedong... >...The specter of harsh accusations and harsher punishment is stalking China’s political, intellectual, and business elites.... Since... December 2012, arrests of government officials have become a daily ritual, sending shivers down the spines of their colleagues and friends....Seniority offers little protection, as 146 fallen... Continue reading
Posted yesterday at bradford-delong.com
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**Over at [Equitable Growth](http://EquitableGrowth.org)--[The Equitablog](http://equitablegrowth.org/equitablog):** * **Nick Bunker**: [Where you grow up can affect your chances of employment](http://equitablegrowth.org/where-you-grow-up-can-affect-your-chances-of-employment/)* **Heather Boushey**: [Just a few more months until my book, “Finding Time,” about the economics of work-life conflict, arrives](http://equitablegrowth.org/?p=22640) * **Paul Ryan**: [To Tea Party: You Are the Problem](http://equitablegrowth.org/?p=22619) * **Spencer Headworth and Jeremy Freese**: [Credential Privilege or Cumulative Advantage?: Prestige, Productivity, and Placement in the Academic Sociology Job Market](http://equitablegrowth.org/?p=22617) * **David Becker**: [Republican Senator Portman Opposes TPP Trade Deal in Present Form](http://equitablegrowth.org/?p=22615) ---- * **Tony Yates**: [You Can’t Have Your Helicopter Money Cake and Eat High Interest Rates, Adair](https://longandvariable.wordpress.com/2016/02/02/you-cant-have-your-helicopter-money-cake-and-eat-high-interest-rates-adair/) * **Michael Mazerov and Michael Leachman**: [State Job Creation Strategies Often Off Base](http://www.cbpp.org/research/state-budget-and-tax/state-job-creation-strategies-often-off-base) ---- **And Over Here:** * S [Must-Read: Heather Boushey: Just a few more months until my book, ‘Finding Time,’ about the economics of work-life conflict, arrives](http://www.bradford-delong.com/2016/02/just-a-few-more-months-until-my-book-finding-time-about-the-economics-of-work-life-conflict-arrives-heather-boushe.html) * [Links for the Week of February 7, 2016](http://www.bradford-delong.com/2016/02/current-links.html) * [For the Weekend...](http://www.bradford-delong.com/2016/02/star-wars-minus-star-wars-between-the-lines-youtube.html): Star Wars Minus Star Wars * [Liveblogging the Cold War: February 7, 1946: George F. Kennan](http://www.bradford-delong.com/2016/02/liveblogging-the-cold-war-february-7-1946-george-f-kennan.html) * [Liveblogging the American Revolution: February 6, 1778: The French Alliance](http://www.bradford-delong.com/2016/02/liveblogging-the-american-revolution-february-6-1778-the-french-alliance.html) * [Liveblogging the Cold War: February 5, 1946: Eleanor Roosevelt](http://www.bradford-delong.com/2016/02/liveblogging-the-cold-war-february-5-1946-eleanor-roosevelt.html) * [LiveBlogging the Norman Conquest: February 4, 1067: Deposition of Earl Oswulf](http://www.bradford-delong.com/2016/02/liveblogging-the-norman-conquest-february-4-1067-deposition-of-earl-oswulf.html) *... Continue reading
Posted yesterday at bradford-delong.com
**Most-Recent Must-Reads:** * **Ada Palmer**: [Plato vs. Metaphysics, or How Very Hard it Is to Un-Learn Freud](http://equitablegrowth.org/?p=22661) * **Heather Boushey**: [Just a few more months until my book, “Finding Time,” about the economics of work-life conflict, arrives](http://equitablegrowth.org/?p=22640) **Most-Recent Links** * **Ta-Nehisi Coates**: [Ta-Nehisi Coates on Race, Class, and Reparations](http://www.theatlantic.com/politics/archive/2016/02/why-we-write/459909/): "The Enduring Solidarity of Whiteness: Black poverty is fundamentally distinct from white poverty—and so cannot be addressed without grappling with racism..." * **Anna Maria Barry-Jester**: [What Went Wrong In Flint](http://fivethirtyeight.com/features/what-went-wrong-in-flint-water-crisis-michigan/) * **Mark Liberman**: [In Soviet Russia, Snowclones Overuse You](http://itre.cis.upenn.edu/~myl/languagelog/archives/000402.html) * **Richard Kreitner, ed.**: [Who is Hillary Clinton?: Two Decades of Answers from the Left:](http://amzn.to/1nLdtfH) **MOAR Links:** * **Jared Bernstein**: [The Full Employment Productivity Multiplier](https://www.washingtonpost.com/posteverything/wp/2016/02/04/the-full-employment-productivity-multiplier/) * **Leah Schnelbach**: [Thinking Through Violence in The Just City and The Philosopher Kings](http://crookedtimber.org/2016/02/05/thinking-through-violence-in-the-just-city-and-the-philosopher-kings-2/) Continue reading
Posted yesterday at bradford-delong.com
[Star Wars Minus Star Wars](https://www.youtube.com/watch?v=-gUKYBs6T8c): Continue reading
Posted 2 days ago at bradford-delong.com
**George Frost Kennan**: [Telegram: February 7, 1946](http://www.russilwvong.com/future/kennan/tele460207.htm): >Highlights of Molotov's election campaign speech delivered in Moscow February 6 are summarized as follows: >We stand on eve of new elections. They will be test of relation of Soviet people to leadership of Communist Party and policy of Soviet Government. Maybe there are some people abroad who still think it would be well if some other party came to leadership of our country. But our people has its own opinion on that score. If some people abroad are displeased at similarity of Soviet people with Communist Party, we can console such people with thought that it happens not infrequently in other countries as well that Communists enjoy confidence of masses. >War was serious test of party policy and strength of Soviet system. USSR has emerged from war in role of one of most authoritative powers in world. It is now impossible to solve serious questions of international relations without participation of USSR. Comrade Stalin's participation is considered best guarantee of successful solution of complex international problems. >We were able to overcome wartime difficulties because both during and before war we followed correct path. We swept from our path saboteurs and wreckers who... Continue reading
Posted 2 days ago at bradford-delong.com
[Treaty of Alliance Between The United States and France; February 6, 1778<](http://avalon.law.yale.edu/18th_century/fr1788-2.asp): >The most Christian King and the United States of North America, to wit, New Hampshire, Massachusetts Bay, Rhodes island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, South Carolina, and Georgia, having this Day concluded a Treaty of amity and Commerce, for the reciprocal advantage of their Subjects and Citizens have thought it necessary to take into consideration the means of strengthening those engagements and of rondring them useful to the safety and tranquility of the two parties, particularly in case Great Britain in Resentment of that connection and of the good correspondence which is the object of the said Treaty, should break the Peace with france, either by direct hostilities, or by hindring her commerce and navigation, in a manner contrary to the Rights of Nations, and the Peace subsisting between the two Crowns; and his Majesty and the said united States having resolved in that Case to join their Councils and efforts against the Enterprises of their common Enemy, the respective Plenipotentiaries, impower'd to concert the Clauses & conditions proper to fulfil the said Intentions, have, after the most mature Deliberation, concluded and... Continue reading
Posted 2 days ago at bradford-delong.com
**Eleanor Roosevelt**: [My Day by , February 5, 1946](https://www.gwu.edu/~erpapers/myday/displaydoc.cfm?_y=1946&_f=md000254): >LONDON—It is extremely difficult for us in the United States to conceive of the conditions confronting the people in the countries of Europe today, and even here in Great Britain. >For instance, it has just been announced that the British Government will not be able to buy any more powdered eggs from us, and that means, of course, that the people will no longer be able to buy them. We in the United States are not very fond of powdered eggs, but this announcement caused consternation among the British. >In my mail is a letter which tells me in no uncertain terms what this will mean to the average British home. I quote from it here: >'I wonder if your 'folks at home' know what it means to us to be deprived of the dried eggs they have been sending us. This deprivation is almost certainly one of the worst we have been called upon to face. >'We can now have no scrambled eggs for breakfast (already reserved for men and children only in most households). We can never give the children Yorkshire pudding and gravy on the many non-meat days.... Continue reading
Posted 2 days ago at bradford-delong.com
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Edward Freeman (1873) [_The History of the Norman Conquest_](https://books.google.com/books?id=C6Y5AQAAMAAJ&pg=PR7&lpg=PR7&dq=february+4+1067&source=bl&ots=ZPFQ9aof8-&sig=L-mOsmy01NYz3jjBZ0KmawikYNk&hl=en&sa=X&ved=0ahUKEwj_jfTJ2OXKAhUBYiYKHWPKDG8Q6AEIRDAH#v=onepage&q=february%204%201067&f=false): Continue reading
Posted 2 days ago at bradford-delong.com
**History.com:** *[Zeppelin Crashes in North Sea](http://www.history.com/this-day-in-history/zeppelin-crashes-into-north-sea)**: >Two days after nine German zeppelins dropped close to 400 bombs throughout the English Midlands, the crew of the British fishing trawler King Stephen comes across the crashed remains of one of the giant airships floating in the North Sea.... >Just before daybreak on February 2, King Stephen skipper William Martin spotted a downed airship partially submerged in the North Sea. The skipper and his crew waited at a safe distance until daylight when they confirmed the wreckage was that of a German zeppelin with the identification mark L-19. With three of its four engines failing, the L-19 had reportedly come under Dutch fire, which punctured its gas cells and brought it down, killing some of the crew. >The nine unarmed men aboard the King Stephen saw that about 20 German soldiers had survived the crash. Fearful that the German airmen could easily overpower them and take control of the ship, Martin and his crew refused the soldiers’ pleas for help and did not take the men aboard, choosing instead to return to Britain to report their discovery to the authorities. The remaining crew of the L-19 disappeared with their craft. Word of the... Continue reading
Posted 2 days ago at bradford-delong.com
**U.S. History.org**: [Physicians, Surgeons and Mates with Washington at Valley Forge](http://www.ushistory.org/valleyforge/served/surgeons.html): >On April 11, 1777 Dr. William Shippen Jr., of Philadelphia was chosen Director General of all the military hospitals for the army.... The wage scale was as follows: Director General's pay $6.00 a day and 9 rations; District Deputy Director $5.00 a day and 6 rations; Senior Surgeon $4.00 a day and 6 rations; Junior Surgeon $2.00 and 4 rations; Surgeon mate $1.00 and 2 rations.... >The camp at Valley Forge was established in December 1777. Perhaps the earliest reliable record of the sick is found in the report under the date December 23, when 2,898 men were reported sick or unfit for duty largely due to the lack of clothing. A return made February 1, 1778 shows the number of incapacitated increased to 3,989, again traced to the need of clothing.... >Weedon's Valley Forge Orderly Book is the primary source of health conditions within the camp. The first entry is under date December 26, 1777. 'Complaints having been made by the Surgeons of Hospitals that the sick are often sent to him without a list required by Genl. Orders issued the 12th November, to them orders all officers... Continue reading
Posted 2 days ago at bradford-delong.com
14 weeks. Yes, this is heroic, or foolish, or something... And, yes, reverse-engineering the PPF from the supply curve did indeed turn out to be way too tough... Sincerely yours, Brad DeLong Professor of Economics J. Bradford DeLong U.C. Berkeley delong@econ.berkeley.edu 925 708 0467 @delong
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Perhaps starting a broader conversation... **Paul Krugman**: [In Defense of Funny Diagrams](http://krugman.blogs.nytimes.com/2016/02/06/in-defense-of-funny-diagrams-wonkish/): "Brad DeLong asks a question about which of the various funny diagrams economists love... >...should be taught in Econ 101. I say production possibilities yes, Edgeworth box no--which, strange to say, is how we deal with this issue in Krugman/Wells. But students who go on to major in economics should be exposed to the box--and those who go on to grad school really, really need to have seen it, and in general need more simple general-equilibrium analysis than, as far as I can tell, many of them get these days. There was, clearly, a time when economics had too many pictures. But now, I suspect, it doesn’t have enough.... >This is partly a personal bias. My own mathematical intuition, and a lot of my economic intuition in general, is visual: I tend to start with a picture, then work out both the math and the verbal argument to make sense of that picture. (Sometimes I have to learn the math, as I did on target zones; the picture points me to the math I need.) I know that’s not true for everyone, but it’s true for a fair... Continue reading
Posted 3 days ago at bradford-delong.com
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**J. Bradford DeLong** (1998): Robber Barons: First draft October 13, 1997; second draft January 1, 1998. ---- **I. Introduction** 'Robber Barons': that was what U.S. political and economic commentator Matthew Josephson (1934) called the economic princes of his own day. Today we call them 'billionaires.' Our capitalist economy--any capitalist economy--throws up such enormous concentrations of wealth: those lucky enough to be in the right place at the right time, driven and smart enough to see particular economic opportunities and seize them, foresighted enough to have gathered a large share of the equity of a highly-profitable enterprise into their hands, and well-connected enough to fend off political attempts to curb their wealth (or well-connected enough to make political favors the foundation of their wealth). Matthew Josephson called them 'Robber Barons'. He wanted readers to think back to their European history classes, back to thugs with spears on horses who did nothing save fight each other and loot merchant caravans that passed under the walls of their castles. He judged that their wealth was in no sense of their own creation, but was like a tax levied upon the productive workers and craftsmen of the American economy. Many others agreed: President Theodore... Continue reading
Posted 3 days ago at bradford-delong.com
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So here I am, sitting here trying to think about how I am going to teach "wealth maldistribution as a market failure"--that is, how when the distribution of wealth does not accord with utility and desert, the market economy's price-rationing of goods and services--and its assignment of jobs--can and does go really badly awry. This is a bad thing. But it is not quite right to call it a market failure: it is, the market thinks, a market *success*... And so I was rereading the Krell-brained Cosma Shalizi's mindblowingly excellent [Dives, Lazarus, and Alice](http://bactra.org/weblog/841.html). And I find myself thinking about the characters: "Alice" comes from computer science: "Alice wishes to send a secure message to Bob. Carol wishes to intercept it..." "Dives" and "Lazarus", however, come from Jesus: Luke 16:19-31: >There was a certain rich man, which was clothed in purple and fine linen, and fared sumptuously every day: and there was a certain beggar named Lazarus, which was laid at his gate, full of sores, and desiring to be fed with the crumbs which fell from the rich man's table: moreover the dogs came and licked his sores. >And it came to pass, that the beggar died, and was... Continue reading
Posted 3 days ago at bradford-delong.com
**Must-Read:** It is very good to see Speaker of the House Paul Ryan call for legislatin' rather than speechifyin'. Prospects for substantive dialogue are vastly increased when it is legislatin' that is on the table, as are prospects for win-win technocratic governance. Now if we could only get him into the policy-consequences-estimatin' business as well... **Paul Ryan**: [To Tea Party: You Are the Problem](http://equitablegrowth.org/?p=22619): "My theory of the case is this... >...We win when we have an ideas contest. We lose when we have a personality contest. We can’t fall into the progressives’ trap of acting like angry reactionaries. The Left would love nothing more than for a fragmented conservative movement to stand in a circular firing squad, so the progressives can win by default. This president is struggling to remain relevant in an election year when he’s not on the ballot. He is going to do all he can to elect another progressive by distracting the American people. So he’s going to try to get us talking about guns or some other hot-button issue and not about his failures on ISIS or the economy or national security. He’s going to try to knock us off our game. We have... Continue reading
Posted 3 days ago at bradford-delong.com
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What underviewed high-quality weblogs should I link to this weekend? **Michael Stickings**: [Blogging Is Important.](http://crooksandliars.com/2016/02/mikes-blog-round-up-stickings): "Blogging is essential.... >...The blogosphere isn't quite what it used to be, a truly independent and iconoclastic realm of commentary and dissent, given that blogging has been taken up by large media outlets, and given that social media platforms like Twitter offer easier outlets for expression, but blogging, to me, is a fundamentally democratic medium. This is why I started blogging almost 11 years ago, and it's why I take such great pride in being part of the team here. >We are celebrating Blogroll Amnesty Weekend, a movement started nine years ago in which blogs support each other by linking to blogs with smaller traffic than their own. Crooks and Liars celebrates this tradition every day with Mike's Blog Round Up... ---- **Skippy the Bush Kangaroo**: [Blogroll Amnesty Day Is Here gain!!!](http://xnerg.blogspot.ca/2016/02/blogroll-amnesty-day-is-here-again.html): "we are reminded by our good friend batocchio to remember that this is the 8th anniversary... >...of the original and the 9th year of commemorating the traditional al weisel/jon swift memorial blogroll amnesty day memorium and celebration.... Short version: blogtopia (and yes, we coined that phrase) only works if we support each other... Continue reading
Posted 3 days ago at bradford-delong.com
**Must-Read:** Cumulative advantage plus bureaucratic formally-meritocratic procedures that rely on "objective" indicators of achievement plus a degree of signaling but risk aversion do wind up producing something that looks a lot like a caste system. Thus I think Headworth and Freese misinterpret what their own results are really saying to them: **Spencer Headworth and Jeremy Freese**: [Credential Privilege or Cumulative Advantage?: Prestige, Productivity, and Placement in the Academic Sociology Job Market](http://equitablegrowth.org/?p=22617): "We examine different predictors of placement in research-oriented, tenure-track academic sociology jobs... >...The enormous relationship between PhD institution and job placement that has, in part, prompted a popular metaphor that academic job allocation processes are like a caste system. Yet we also find comparable relationships between PhD program and both graduate student publishing and awards. Overall, we find results more consistent with PhD prestige operating indirectly through mediating achievements or as a quality signal than as a ‘pure prestige’ effect. We suggest sociologists think of stratification in their profession as not requiring exceptionalist historical metaphors, but rather as involving the same ordinary but powerful processes of cumulative advantage that pervade contemporary life. > Continue reading
Posted 3 days ago at bradford-delong.com
**Must-Read:** An interesting political tack by ex-USTR Portman. TPP doesn't make any attempts to constrain "currency manipulation". But it doesn't contain any provisions that make "currency manipulation" easier. And I, at least, had not thought that the rules-of-origin on auto parts mattered at all... **David Becker**: [Republican Senator Portman Opposes TPP Trade Deal in Present Form](http://equitablegrowth.org/?p=22615): "Dealing a significant blow to the pact a day after officials from 12 countries signed it... >...Portman, from Ohio, said the Pacific trade deal fails to meet the needs of his state's workers because it lacks an enforceable provision to fight currency manipulation and because of new, less-stringent country-of-origin rules for auto parts. 'I cannot support the TPP in its current form because it doesn't provide that level playing field,' Portman said... > Continue reading
Posted 3 days ago at bradford-delong.com