« European Growth | Main | Why Oh Why Are We Ruled by These Idiots? (Larry Diamond's View Department) »

August 08, 2005

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e551f08003883400e55238bfa48834

Listed below are links to weblogs that reference Before the Storm:

» Before the Storm from california patriot blog
Here’s a post where I agree with liberal Berkeley econ professor Brad DeLong. Professor DeLong is passing along word that Before the Storm by Rick Perlstein is going out of print: Can this be? There are hundreds of thousands of people serious a... [Read More]

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

And, while you're at it, try and find "The Agony of the GOP 1964," written by Bob Novak back when he was a reporter and not the PoD. Interesting view from a very different time.

I thought Novak was the DoL.

if you are a junkie for 60s history ,then you dont want to miss before the storm. it was a great and informative read about aa period of which i am quite fond. jjj

FWIW:

Orrin Judd, of the conservative Brothers Judd blog, *also* praises the book, and *also* recommends you get yourself a copy as soon as possible. If both left(BDL)& right (OJ) praise the book....get it.

Yes, della Paolera is Argentinean, of that lineage that assimilates uncritically the cultural essentialism taught in Chicago, Harvard or MIT. Witness Rudi Dornbusch's (and his Chilean coauthor's) solution for sound policy in Argentina: "it must temporarily surrender its sovereignty on all financial issues” and be “prepared to endure and support a [foreign] authority which must enforce reforms entailing harder conditions than those at present prevailing” {Caballero and Dornbusch, 2002 econ-www.mit.edu/faculty/dornbusch/download.php?ids=38). Della Paollera has all his arguments rights, but his idealisation of Anglo-Saxon culture doesn't allow him to see that the Argentinean banking system has long been (perhaps never been) anything but Gaucho. What he calls justly the "megaswap robbery", for instance, was sold to Cavallo by Credit Swisse First Boston's David Mulford. Here is what Blustein (2005, this website) has to say about the deal: "the megaswap (...) ranks among the most infamous deals that Wall Street has ever peddled to a government (…). For CSFB and a half dozen other Wall Street firms, the megaswap would be a bonanza. (…) For Argentina, it would be a bust, rendering the country’s solvency even more questionable than it was already." I'm sure della Paolera is aware of the connections between Argentinean and world finance. Yet, he stubornly sticks to explain the behaviour as part of the Argentinean "spirit", a "caudillo-style (…) backwardness" that persists in his natal land. Colonised mindsets: this is precisely what keeps the vultures fat.

ignacio

The comments to this entry are closed.

Search Brad DeLong's Website

  •  

A Rising Sun

  • "I now know it is a rising, not a setting, sun" --Benjamin Franklin, 1787

Graphs

  • Global Warming
    Matthew Yglesias » Yes, The World is Really Getting Warmer
  • The U.S. Federal Budget Deficit
  • Modern Economic Growth Is a Historically Recent Phenomenon
    20090604 issuu Slouching.VI.doc
  • Escape from Malthusland
    20090604 issuu Slouching.VI.doc
  • The TED Spread Normalizes
  • Recovery in the 1930s
    Path Finder
  • Stock Market: The Graham Ratio
    Path Finder
  • Employment-to-Population
    Path Finder
  • GDP Growth
    Path Finder

From Brad DeLong

Egregious Moderation