J. Bradford DeLong

J. Bradford DeLong is an economist teaching at the University of California at Berkeley.

J. Bradford DeLong is professor of economics at the University of California at Berkeley, a research associate of the National Bureau of Economic Research, and a weblogger at the Washington Center for Equitable Growth. From 1993-1995 he was deputy assistant secretary of the U.S. Treasury for economic policy.

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####J. Bradford DeLong####

Professor of Economics
691 Evans Hall
University of California at Berkeley
Berkeley, CA 94720-3880

phone: (925) 708-0467

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**A. Education**

Ph. D., Department of Economics, Harvard University, Cambridge, MA (June 1987).

M. A., Department of Economics, Harvard University, Cambridge, MA (June 1985).

B. A. *summa cum laude,* Committee on Degrees in Social Studies, Harvard University, Cambridge, MA (June 1982).

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**B. Positions**

Professor, Department of Economics, University of California at Berkeley, Berkeley, CA (July 1997-present).

Research Associate, National Bureau of Economic Research, Cambridge, MA (October
1995-present).

Associate Professor, Department of Economics, University of California at Berkeley, Berkeley, CA (July 1993-June 1997).

Deputy Assistant Secretary for Economic Policy, United States Department of the
Treasury, Washington, DC (April 1993-May 1995).

Frederick S. Danziger Associate Professor, Department of Economics, Harvard
University, Cambridge, MA (July 1991-June 1993).

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**C. Principal Refereed Academic Publications**

J. Bradford DeLong and Konstantin Magin (2009), "The Equity Return Premium: Past, Present, and Future," _Journal of Economic Perspectives_.

Dean Baker, J. Bradford DeLong, and Paul Krugman (2005), "Asset Returns and Economic Growth," _Brookings Papers on Economic Activity_ 2005:1

J. Bradford DeLong (2004) "Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?," _The Economists' Voice_: Vol. 1 : Iss. 1, Article 1

J. Bradford DeLong (2003), "Productivity Growth in the 2000s," _NBER Macroeconomics Annual_ 2003 .

J. Bradford DeLong and Barry J. Eichengreen (2002), "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," in Jeffrey Frankel and Peter Orszag, eds., _American Economic Policy in the 1990s_ (Cambridge: MIT Press)

J. Bradford DeLong (2002), "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, _Fighting for Britain_," _Journal of Economic Literature_

J. Bradford DeLong (2000), "The Triumph [?] of Monetarism," _Journal of Economic Perspectives_ (Winter)

J. Bradford DeLong (1996), "Keynesianism, Pennsylvania-Avenue Style: Some Economic Consequences of the 1946 Employment Act," _Journal of Economic Perspectives_ 10:3 (Summer), pp. 41-53

J. Bradford DeLong, Christopher L. DeLong, and Sherman Robinson (1996), "In Defense of Mexico's Rescue", _Foreign Affairs_ 75:3 (May/June), pp. 8-14

Robert B. Barsky and J. Bradford DeLong (1993), "Why Does the Stock Market Fluctuate?" _Quarterly Journal of Economics_ 108: 2 (May), pp. 291-312

J. Bradford DeLong and Andrei Shleifer (1993), "Princes and Merchants: City Growth Before the Industrial Revolution," Journal of Law and Economics 36 (October), pp. 671-702

J. Bradford DeLong and Andrei Shleifer (1991), "The Stock Market Bubble of 1929: Evidence from Closed-End Funds," _Journal of Economic History_ 52: 3 (September), pp. 675-700

J. Bradford DeLong and Lawrence H. Summers (1991), "Equipment Investment and Economic Growth," _Quarterly Journal of Economics_ 106: 2 (May), pp. 445-502

J. Bradford DeLong, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann (1990), "Noise Trader Risk in Financial Markets," Journal of Political Economy 98: 4 (August 1990), pp. 703-738

Robert B. Barsky and J. Bradford DeLong (1990), "Bull and Bear Markets in the Twentieth Century," _Journal of Economic History_ 50: 2 (June), pp. 1-17

J. Bradford DeLong (1988), "Productivity Growth, Convergence, and Welfare: Comment," _American Economic Review_ 78: 5 (December), pp. 1138-1154

J. Bradford DeLong and Lawrence H. Summers (1986), "Is Increased Price Flexibility Stabilizing?" _American Economic Review_ 76: 5 (December), pp. 1031-1044

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**D. Principal Non-Refereed and Academic Publications**

J. Bradford DeLong (forthcoming 2008), "Two Months Before the Mast of Post-Modernism," in John Holbo, ed., _Framing Theory's Empire_ (West Lafayette, IN: Parlor Press for Glassbead Books)

J. Bradford DeLong (2005), "Sisyphus as Social Democrat: A Review of Richard Parker, _John Kenneth Galbraith_," _Foreign Affairs_ (May/June)

Marco Becht and J. Bradford DeLong (2005), "Why Has There Been so Little Blockholding in America?" in Randall Morck, ed., _A History of Corporate Governance Around the World_ (Chicago: University of Chicago)

J. Bradford DeLong and A. Michael Froomkin (2000), "Speculative Microeconomics for Tomorrow's Economy," _First Monday_; also in Brian Kahin and Hal Varian, eds., _Internet Publishing and Beyond: The Economics of Digital Information and Intellectual Property_ (Cambridge: M.I.T. Press)

J. Bradford DeLong (1997), "American Fiscal Policy in the Shadow of the Great Depression", in Michael Bordo, Claudia Goldin, and Eugene White, eds., _The Defining Moment: The Great Depression and the American Economy in the Twentieth Century_ (Chicago: University of Chicago Press)

J. Bradford DeLong (1997), "America's Peacetime Inflation: The 1970s," in Christina Romer and David Romer. eds., _Reducing Inflation: Motivation and Strategy_ (Chicago: University of Chicago Press)

J. Bradford DeLong (1995), "Low Marx: Eric Hobsbawm's Age of Extremes" (Berkeley, CA, 1995)

J. Bradford DeLong and Barry Eichengreen (1993), "The Marshall Plan: History's Most Successful Structural Adjustment Programme," in Rüdiger Dornbusch, Wilhelm Nölling, and Richard Layard, eds., _Postwar Economic Reconstruction and Lessons for the East Today_ (Cambridge, MA: M.I.T. Press), pp. 189-230

J. Bradford DeLong (1991), "Did J. P. Morgan's Men Add Value?: An Economist's Perspective on Financial Capitalism," in Peter Temin, ed., _Inside the Business Enterprise: Historical Perspectives on the Use of Information_ (Chicago, IL: University of Chicago Press for NBER), pp. 205-36

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**E. Other Works Worth a Note**

####1. Weblog Posts####

J. Bradford DeLong (2007), "Read the Financial Times, Not the New York Times" May 16

J. Bradford DeLong (2007), "Peace and Order Reign on the River" May 16

J. Bradford DeLong (2007), "With What Measure Ye Mete, It Shall Be Measured to You AgaIn" May 15

J. Bradford DeLong (2007), "Reasons to Be Mean to the Washington Post's Fred Hiatt, Part MCCXXXIII" May 11

J. Bradford DeLong (2007), "Avoiding Weimar Russia" May 8

J. Bradford DeLong (2007), "'Rich' and 'Poor' Across the World" May 6

J. Bradford DeLong (2007), "Journamalism Watch: Michael Gordon, Max Frankel, Fred Hiatt" April 8

J. Bradford DeLong (2007), "The Monetary Economics of China" March 22

. Bradford DeLong (2007), "A Short Dialogue on Santa Clara County v. Southern Pacific Railroad Company" February 22

J. Bradford DeLong (2007), "Special Super Journamalism Barack-Atah-Adonai-Elohenu-Melech-Ha-Olam Shabbat Candle-Lighting Blogging!" February 9

J. Bradford DeLong (2007), "Applied Utilitarianism: The Price of Oranges in Berkeley" February 2

J. Bradford DeLong (2007), "A Small Matter of Calculating the Value Function" January 28

J. Bradford DeLong (2007), "Long-Run Health-Care Cost Drivers" January 25

J. Bradford DeLong (2006), "What Do We Owe Our Great-Great Grandchildren?: The Stern Review on Global Climate Change Once Again" December 30

J. Bradford DeLong (2006), "What Should We Be Doing About Global Climate Change?" December 20
J. Bradford DeLong (2006), "Kelly Risk Analysis" December 13

J. Bradford DeLong (2006), "Partha Dasgupta Makes a Mistake in His Critique of the Stern Review on Global Climate Change" November 30

J. Bradford DeLong (2006), "32,100,000 vs 25,524,000: The Senate Vote" November 8

J. Bradford DeLong (2006), "Were Ken Lay and Jeff Skilling Innocent?" October 2

J. Bradford DeLong (2006), "The Education of Wiliam Grieder (Why Oh Why Can't We Have a Better Press Corpos?)" September 9

J. Bradford DeLong (2006), "Department of 'Huh?': George Bush Has Shifted Taxes, Not Reduced Them" September 8

J. Bradford DeLong (2006), "Introducing Serious, Permanent Bugs into Your Wetware" August 26

J. Bradford DeLong (2006), "Payroll Employment and Household-Survey Unemployment" August 26

J. Bradford DeLong (2006), "The Blue Car Is the Red Car: A Review of Feldman's _From Molecule to Metaphor" August 22

J. Bradford DeLong (2006), "The History of the Shrill" July 27

J. Bradford DeLong (2006), "Where Are the Heirs of Walter Lippman?" July 17

J. Bradford DeLong (2006), "Outsourcing: Time to Talk Back to the Media" June 27

J. Bradford DeLong (2006), "Recurrence: The Revolt of the Netherlands and the Insurgency in Iraq" March 9, 2006

J. Bradford DeLong (2005), "A Platonic Dialogue on Journalistic Fairness, the Internet, Judy Miller Sourcing Ethics, Cross-Potomac White-Collar Outsourcing, and Other Topics" December 21

J. Bradford DeLong (2005), "A Lost Teachable Moment: James Ferguson on Zambia" October 25

J. Bradford DeLong (2005), "Dingbat Kabuki! (Yet Another Why-Oh-Why Can't We Have a Better Press Corps Edition)" October 17

J. Bradford DeLong (2005), "Grading the Greenspan Fed" October 4

J. Bradford DeLong (2005), "A Meditation on Twentieth-Century Political-Military History: The Causualties of the Red Army During World War II" October 2

J. Bradford DeLong (2005), "Justifications for the Long-Run Productivity Growth Forecasts in the _Trustees' Reports_" March 25

J. Bradford DeLong (2005), "A Positive Program for Social Security" March 17

J. Bradford DeLong (2005), "Thanks, Guys, About Twenty-Two Years Late" February 13

J. Bradford DeLong (2005), "Shame on the Washington Post" February 11

J. Bradford DeLong (2005), "Outline of a Social Security Deal?" January 30

J. Bradford DeLong (2004), "In Defense of the 1st and 4th Infantry Divisions" December 29

J. Bradford DeLong (2004), "A Letter to a Noble Friend on the U.S. Budget" December 29

J. Bradford DeLong (2004), "The Best of the Achaeans" December 6

J. Bradford DeLong (2004), "The United States as a Developing Country during the Cold War" August 26

J. Bradford DeLong (2004), "On the Maximization of Social Welfare" June 30

J. Bradford DeLong (2004), "Harry Dexter White Was a Security Risk" June 7

J. Bradford DeLong (2004), "No Libertarians in the Seventeenth-Century Highlands" March 6

J. Bradford DeLong (2004), "Getting Robert Rubin's Job" January 14

J. Bradford DeLong (2003), "Thoughts on Rubinomics" December 20

J. Bradford DeLong (2003), "A Shiver in My Spine: Chevauchee" December 3

J. Bradford DeLong (2003), "How Rich Is Fitzwilliam Darcy?" November 15

J. Bradford DeLong (2003), "The 'Embedded Economy' Thesis" October 15

J. Bradford DeLong (2003), "A Non-Socratic Dialogue on Social Welfare Functions" October 9

J. Bradford DeLong (2003), "Where Are the Grownups in the Republican Party?" September 27

J. Bradford DeLong (2003), "More Thoughts on Jackson Hole" September 4

J. Bradford DeLong (2003), "The Erosion of Okun's Law" September 3

J. Bradford DeLong (2003), "Exorbitant Privilege, or, How Worrisome Is the U.S. Trade Deficit?" August 16

J. Bradford DeLong (2003), "Germany on the Eve of the Great Depression" July 24

J. Bradford DeLong (2003), "Utility, Stacking the Deck, and 'Original Appropriation'" July 17

J. Bradford DeLong (2003), "A Platonic Dialogue on the Practice of Monetary Policy" July 7

J. Bradford DeLong (2003), "The Long, Dark Night of the Soul of the Monetary Economist: A Platonic Dialogue" July 7

J. Bradford DeLong (2003), "On Machiavelli's 'Letter to Vettori'" February 11

J. Bradford DeLong (2002), "Greenspan 5, DeLong 2" September 14

J. Bradford DeLong (2002), "A Platonic Dialogue on Eldred v. Ashcroft" September 9

J. Bradford DeLong (2002), "My Very, Very Allergic Reaction to Noam Chomsky: Khmer Rouge, Faurisson, Milosevic" June 17

J. Bradford DeLong (2002), "The Repeal of the Estate Tax" June 11

J. Bradford DeLong (2001), "The Islamic Reformation" October 15

J. Bradford DeLong (2001), "The Industrial Revolution in Cotton Spinning" September 15

J. Bradford DeLong (2001), "Consumer Harm and the Microsoft Case:" September 15

J. Bradford DeLong (2001), "Trade with Mexico" March 15

J. Bradford DeLong (2001), "New Estimates of CPI Bias from Dora Costa" February 20

J. Bradford DeLong (2001), "The World's Income Distribution: Turning the Corner?" February 15

J. Bradford DeLong (2000), "My Despair at American Land-Use Planning" May 15

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####2. Working Papers, Comments, and Notes####

J. Bradford DeLong (2007), "A Teaching Note: The Gordon Equation, Earnings Yields, and Stock Returns" May 3

J. Bradford DeLong (2005), "Statement on Social Security Reform" May 12

J. Bradford DeLong (2005), "Some Simple Analytics for a 'Hard Landing'" April 20

J. Bradford DeLong (2005), "Asset Returns and Economic Growth: The Econ 1 Version" April 15

J. Bradford DeLong, Robert Greenstein, and Peter Orszag (2004), "Cleaning Up After the Elephants: Correcting Robert Samuelson's Review of Robert Rubin's Memoirs" June 3

J. Bradford DeLong (2001), "The Next Industrial Revolutions: CITRIS Kickoff Speech" September 3

J. Bradford DeLong (2001), "The New Economy: What Kind of a Historical Turning Point?" January 11

J. Bradford DeLong (2000), "Gore-Bush Debate vs. Michael Boskin" October 25

J. Bradford DeLong (2000), "Main Themes of Twentieth Century Economic History" October 23

J. Bradford DeLong (1995), "Farewell to Treasury" (as prepared for delivery, May 24)

J. Bradford DeLong (1994), "The Equipment Investment Boom" May 18

J. Bradford DeLong (1993), "The Deficits of the 1980s" June 17

J. Bradford DeLong (1992), "Deficit Reduction and the Short-Run Macroeconomic Outlook" (as of December 1992) (Cambridge, MA, December)

J. Bradford DeLong (1990), "'Liquidation' Cycles: Old-Fashioned Real Business Cycle Theory and the Great Depression" (Cambridge, MA: Harvard University Department of Economics)

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####3. Op-Eds####

J. Bradford DeLong (2007), "America's Sleeping Watch Dogs" May 5

J. Bradford DeLong (2006), "Friedman Completed Keynes," _Project Syndicate_ November 29

J. Bradford DeLong (2006), "A Man Who Hated Government: An Obituary for Milton Friedman" November 17

J. Bradford DeLong (2006), "Has Neoliberalism Failed Mexico?" _Project Syndicate_ September

J. Bradford DeLong (2006), "The Invisible College," Chronicle of Higher Education Review 52:47 (July 28, 2006)

J. Bradford DeLong (2006), "The Box that Changed the World," _Project Syndicate_ July

J. Bradford DeLong (2006), "Growth Is Good," _Harvard Magazine_ February/March

J. Bradford DeLong (2005), "Semi-Rational Exuberance," _Project Syndicate_ December

J. Bradford DeLong (2005), "Eyes Wide Shut on Global Warming," _Project Syndicate_ November

J. Bradford DeLong (2005), "America's Interest-Rate Puzzle," _Project Syndicate_ April

J. Bradford DeLong (2004), "The Great Illusion," _Project Syndicate_ May

J. Bradford DeLong (2003), "The Final Defeat of Thomas Malthus?," _Project Syndicate_ March

J. Bradford DeLong (2003), "Any Text. Any Time. Any Where," _Wired_ January 30

J. Bradford DeLong (2002), "America's Second Gilded Age," _Project Syndicate_ November

J. Bradford DeLong (2002), "Neo-liberalism's Argentine Failure," _Project Syndicate_ October

J. Bradford DeLong (2002), "Comparative Advantage," _Chronicle of Higher Education Review_ June 12

J. Bradford DeLong (2002), "The Boom of the 1990s" March 30

J. Bradford DeLong (2000), "The Two New Economies" _Fortune_ August 12

J. Bradford DeLong (2000), "What Have We Learned from the International Financial Crises of the 1990s?" August 1

J. Bradford DeLong (2000), "The Meltzer Report," _Worldlink_ May 10

J. Bradford DeLong (2000), "The EITC and the Decade of 'Welfare Reform'," _New York Times_ May 2

J. Bradford DeLong (2000), "What Happened to the Phillips Curve?" _New York Times_ March 9

J. Bradford DeLong (2000), "Looking into the Encyclopedia," _Fortune_ February 26

J. Bradford DeLong (1995), "Ontological Breakdown, or, Pretending to Be a Help System", in Adam Engst et al., eds., TidBITS #291, August 21

[Ghostwritten] Lloyd M. Bentsen (1994), "Where Does the Deficit Come From?" Wall Street Journal (November 3

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####4. Reviews####

J. Bradford DeLong (2004), "Robert Skidelsky's Biography of John Maynard Keynes" August 6

J. Bradford DeLong (2003), "Review of Alan Furst, _Dark Star_" July 7

J. Bradford DeLong (2002), "Review of Barbara Ehrenreich's _Nickel and Dimed_" August 13

J. Bradford DeLong (2002), "Dow 36000 Once Again" August 1

J. Bradford DeLong (2002), "Phillip Habib and Ariel Sharon: A Review of John Boykin's _Cursed Is the Peacemaker_"June 4

J. Bradford DeLong (1999), "Review of Joseph Williams, _Style: Toward Clarity and Grace_" December 15

J. Bradford DeLong (1999), "Review of Jared Diamond, _Guns, Germs, and Steel_" November 20

J. Bradford DeLong (1999), "Review of Charles Petzold, _Code: The Hidden Language of Computer Hardware and Software_" November 15

J. Bradford DeLong (1994), "Notes on John Maynard Keynes, _A Tract on Monetary Reform_ (London: Macmillan, 1924)"