Hi Section 101, 104...
My hrs will likely be: Monday 10-11 am right after section and Thurs. 9-10 am right before section. I am working on securing a room, so I'll announce that very soon. Otherwise, I'll hold office hours at a cafe until them - email me.
If, 20 years ago, I had decided that I was never going to wait for the elevators but rather take the stairs up and down to and from the sixth floor of Evans Hall, I would, on net:
Will today be the day that I don't wait for the elevator but instead start making the climb?
What We Do This Week:
Read Essentials of Economics, chapter 4 "Price Controls and Quotas: Meddling with the Market". Finish and hand in Problem Set 1
John Maynard Keynes: Letter to Roy Harrod, July 4, 1938:
Tilton, Firle, Lewes.
4 July 1938
My dear Roy,
There is no doubt that your Presidential Address [to the British Economic Associaton] which I have sent to the printer [for the next issue of the Economic Journal], is very interesting; and it will provoke plenty of thought. Indeed it is much the best Presidential Address for many years. I am very glad to print it in full; but I would remind you that it will take considerably over an hour to read at a reasonable pace.
Introduction to Economic History: Economics 210A
Brad DeLong (email@example.com OH M 1-2 W 11-12) and Barry Eichengreen (firstname.lastname@example.org OH Tu 1-3)
Spring 2014; University of California, Berkeley; Wednesday 1:00-3:00 p.m.; 597 Evans Hall
Readings are available either on the web or, where there exists no web-based copy, at Graduate Services (http://www.lib.berkeley.edu/doemoff/grad/index.html) at 208 Doe Library. Access to readings available through JSTOR and other proprietary sources may require you to log on through a university-recognized computer and enter your Calnet ID. There can be high demand for the readings on reserve at peak times, and the library can make available only limited numbers of copies. In past years some students have found it useful to purchase some of the books from which material is assigned through their favorite online book seller and to assemble the materials for reproduction at a local copy shop.
Jeff Sachs once told us younglings that the Financial Times was "the real newspaper... the newspaper you all need to be reading if you want to become economists..." IMHO, he was correct.
Here we have Emiko Terazono writing about supply, demand, market equilibrium--and the consequences of a shift in preferences that strengthens demand: the dance between nut-snackers in the North Atlantic's, China's, and India's middle classes, cashew traders and brokers, and the cashew farmers of Africa:
Emiko Terazono: Courted for cashews, west African farmers gain strength: "Under the darkness of midnight in Seketia, a farming village in western Ghana, cashew traders and middlemen go knocking from door to door looking for supplies of harvested nuts.
“During the peak harvest, they visit us late at night, trying to get us to sell,” says David Enkamah, a cashew farmer.
Worldwide demand for cashew has grown about 7 per cent a year over the past decade on the back of healthy snacking habits. The treenut, along with sesame seeds (favoured by the Japanese, South Koreans and Chinese) and pigeon peas, a common ingredient in Indian kitchens, are among a number of crops where the balance of power has tilted a little towards African farmers. Growers of cashew, buoyed by demand from India and China as well as resurgent consumption in Europe and North America, are among those defying the stereotype of smallholder farmers in developing countries rendered powerless against the might of multinational companies and market forces.
What We Do This Week:
Read Essentials of Economics, chapters 2 "Economic Models: Trade-Offs and Trade", 3 "Supply and Demand", and 5 "Elasticity and Taxation". Finish Partha Dasgupta, Economics: A Very Short Introduction. Hand in your Letter of Introduction to your GSI. Start Problem Set 1
Due at the start of lecture on February 5, 2014:
Dear campus community,
Please join us at Wheeler Auditorium on Wednesday, Feb. 5, at 7 pm, for a screening of "INEQUALITY FOR ALL," a film by Professor Robert Reich.
Following the screening, a discussion of the film - with Director Jacob Kornbluth and Robert Reich - will be moderated by Henry Brady, dean of the Goldman School of Public Policy.
The event is free to the public, and tickets will be distributed on a first-come, first-served basis. The box office opens at 6 pm, and the event runs from 7 to 9 pm.
Looking at the Chronicle of Higher Education at the wave of rage directed against the UC Riverside English Department and then following links, I find worth noting:
Post-Academic in New York: There Is No Academic “Profession”: "Unless you’ve been buried under a draft of your unfinished dissertation for the last few days (or sleeping off your Christmas dinner and various related bouts of drunkenness), you’ve noted the blog/Twitter war that broke out between Rebecca Schuman (@pankisseskafka) and Claire Potter (@tenuredradical).... Schuman justifiably took the UC Riverside English department to task for announcing they would contact applicants to be interviewed for a position in American Literature on January 3, a mere five days before the MLA conference at which such interviews would take place. Potter no likey Schuman’s post. She thought it was too rage-y....
Start of Economics 2: Spring 2014: UC Berkeley
J. Bradford DELONG
Jan 21 at 1:37pm
Take a look at http://delong.typepad.com/sdj/econ-2-spring-2014/. Until I have confidence in bCourses, that is where the course website is going to be...
What We Do This Week:
Read Essentials of Economics, chapter 1 "First Principles". Read "Discussion Questions for Partha Dasgupta". Start Partha Dasgupta, Economics: A Very Short Introduction. Write your Letter of Introduction to your GSI.
Further Reading: * A Note from Adam Smith on Wealth, Productivity, Human Psychology, and Inequality * Why We Read Partha Dasgupta * Robert Heilbroner, The Worldly Philosophers
For your first assignment in Econ 2:
Letter of Introduction: By the start of your section meeting during the week of January 20-26, please write a 500-word essay--a “letter of introduction”--to your GSI. Include your name, and discuss:
The very first thing I try to do in it is to add my GSI Connie Min to the course as a GSI...
The thing promptly barfs and dies:
I think we are back to using TypePad as our content management system for Econ 2 and Econ 210a this semester. What say you?
Weekly Memo Question: Mar 5: Manhattan Island today has a population density of 70,000 people per square mile. The United States today has an average population density of 100 people per square mile--about the same as the global average in a world in which Asia has 200, Europe 130, Australia/Oceania 10, and Antarctica 0. Pick one paper. What do you think of the reasons it gives, implicitly or explicitly, for our tendency to agglomerate?
Weekly Memo Question: Feb 26: If we were at Chicago, by now you would have been taught to excess that externalities are rare and that government attempts to correct for them via Pigovian or regulatory means are destined to do more harm than good. But we are here at Berkeley--where serious interdependence and externality are everywhere, and where there is not a market that does not need either a large Pigovian tax or bounty somewhere or that does not need very skillful and well-designed regulation to come as close as possible to assigning property rights in order to cut the animal at the joints. What in the two papers this week leaves you suspicious of the Berkeley point of view?
Weekly Memo Question: Feb 19: Adam Smith confidently asserted that slavery was uneconomic--that in commercial society, manumission was the road to higher productivity because the carrot of working for yourself is much more efficient than the stick of being whipped by others. Was Smith right? If you conclude that he was right, does that mean that slavery is in general on the road to its natural extinction? And why is unfree labor such a common institution?
Weekly Memo Question: Feb 12: Economics tends to view growth as a continuous and diffuse process: if one firm does not solve the problem of how to efficiently utilize resources, others will and drive the first out of business; if one technological vein plays itself out, energy will focus on others. The papers this week argue either that unique institutions and technologies matter a lot or that they do not. What kinds of evidence not presented in this week's reading might lead you to come down on one side or the other?
Weekly Memo Question: Feb 5: Maxine Berg and Pat Hudson write that the "historiography of the industrial revolution in England has moved away from viewing the late eighteenth and early nineteenth centuries as a unique turning point in economic and social development." Whether or not it has, do the papers this week make you think that economic historians should move away from viewing the British Industrial Revolution as the axis upon which global economic history turns, or not?
Weekly Memo Question: Jan 29: The January 22 class painted a picture of an economic world in which (a) total factor productivity growth was very slow, and (b) as a result the overwhelming effect of technological progress was to increase human numbers rather than raise standards of living above bare subsistence. This week we read three pieces--Marx, Acemoglu et al., and Allen--all arguing that very important things were happening in northwestern Europe in 1500-1800 to raise the rate of total factor productivity growth. Pick one paper. Do you think it makes a convincing case? Taking as background January 22's class, how much of a difference in the global economic trend do you think that paper's factors by themselves could have made?
I hope I don’t get kicked out of Yale for this.
In January 2012, two Yale students named Harry Yu and Peter Xu built a replacement to Yale’s official course selection website. They it called YBB+ (Yale Bluebook Plus), a “plus” version of the Yale-owned site, called Yale Bluebook. YBB+ offered different functionality from the official site, allowing students to sort courses by average rating and workload. The official Yale Bluebook, rather, showed a visual graph of the distribution of student ratings as well as a list of written student reviews. YBB+ offered a more lightweight user interface and facilitated easier comparison of course statistics. Students loved it. A significant portion of the student body started using it.
To: Students enrolled in Econ 210a: Introduction to Economic History
From: Brad DeLong email@example.com
Subject: First Class on January 22, 2014
Date: January 19, 2014
Before you show up in Evans 597 at 1 PM on Wednesday, January 22, do the reading:
January 22. The Malthusian Economy (Feudalism and Manorialism; Gilds and Trade) (DeLong)
- Robert M. Solow (1985), "Economic History and Economics", American Economic Review 75:2 (May), pp. 328-331 http://www.jstor.org/stable/1805620
- Kenneth J. Arrow (1985), "Maine and Texas", American Economic Review 75:2 (May), pp. 320-323 http://www.jstor.org/stable/1805618
- Rick Steckel (2008), "Biological Measures of the Standard of Living", Journal of Economic Perspectives 22:1 (Winter), pp. 129-52 http://www.aeaweb.org/articles.php?doi=10.1257/jep.22.1.129
- Thomas Malthus (1798), An Essay on the Principle of Population, Chapters 1-2, pp.1-11, Electronic Scholarly Publishing Project, 1998. http://www.esp.org/books/malthus/population/malthus.pdf
- Gregory Clark (2007), A Farewell to Alms: A Brief Economic History of the World, Chapter 2, “The Logic of the Malthusian Economy,” pp. 19-39 and Chapter 3, “Living Standards,” pp. 40-70. Princeton: Princeton University Press. On reserve at Graduate Services. An earlier draft (not preferred) is available at http://tinyurl.com/dl20090112e (chapter 2) and >http://tinyurl.com/dl20090112j> (chapter 3)
- Moses Finley (1965), "Technical Innovation and Economic Progress in the Ancient World", Economic History Review NS 18:1, pp. 29-45 http://www.jstor.org/stable/2591872
Aristotle and Finley
Course Website: http://delong.typepad.com/sdj/econ-2-spring-2014/
This Document: http://delong.typepad.com/sdj/2014/01/econ-2-spring-2014-course-policies.html
Lecturer: J. Bradford DeLong firstname.lastname@example.org 925-708-0467 Evans 691A GSIs: Maria Constanza Ballesteros email@example.com; Connie Min firstname.lastname@example.org
Course Meetings: Lecture: MW 4-5:30, 101 Barker. Sections: