that are peculiarly military. We don't live
in the late 1950s, when military spending was 10% of GDP and even
Eisenhower was scared of the military-industrial complex.
Try to keep your arguments from being more than one generation out of date, OK?
Brad DeLong
by the wicked regime of Jimmy Carter as well.
May I send this world back to the kitchen? I don't think the Chef has
cooked it properly...
Brad DeLong
On Tue, 14 Nov 2000, Brad DeLong wrote:
But the idea of a gerontocrat who hopes to rule his country nearly
absolutely for 50 years giving lessons in political institution
design is funny, isn't it?
Yes, Lee Kuan Yew invoking Confucian virtue *is* fairly amusing. Oops,
wrong maximum leader
and raise the CAFE standards!
Brad DeLong
ar between tax cuts and spending increases, we
(the spending increase side) will lose. This debt paydown is the best
attainable outcome this year.
Next year we hope that things will be different...
Brad DeLong (who is, of course, only one economist in the demo camp;
others may think differently...)
as a version of debt-deflation
(although I find his discussion hard to follow) focusing on the real
interest rate...
Brad DeLong
emphasis,
You're right...
Brad DeLong
--
J. Bradford DeLong
Professor of Economics, U.C. Berkeley
601 Evans Hall, #3880
Berkeley, CA 94720-3880
(510) 643-4027 voice
(510) 642-6615 fax
http://www.j-bradford-delong.net/
[EMAIL PROTECTED]
that push the
unemployment rate down to 4%--they're just tricked into accepting
them because they suffer from money illusion.
Hence low unemployment is against the interest of the workers...
I didn't say that the argument was correct, or coherent. But that is
where it comes from...
Brad DeLong
logically sound.
Why should anyone imagine that it would be sound? No one has ever
been able to make it coherent. And it is a survival of the old days:
ideas of good Christian (or German) engineers and bad Jewish
financiers and userers...
Brad DeLong
* lags...
Brad DeLong
Pocket Bulletin, Official Publication of the National Association of
Manufacturers, October 1926
Very nice. Thanks...
Brad DeLong
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it.
It does indeed. Not one of his nicer intellectual moves...
Brad DeLong
efore."
Doug
Wow. That was truly impressive. A quick man with a quote...
Are you going to join the Magnificent Seven?
Brad DeLong
, he's in favor of budget surpluses. But
give him an opening where he thinks there's an opportunity to shrink
the government permanently, and he'll go for it.
And he is really, really scared of the U.S. government owning shares
of companies...
Brad DeLong
Max Sawicky wrote:
It's like a mini-Ayn Rand burst out of his [Greenspan's] chest, a la
Alien.
Great image!
Great, great image!
the Soviet government was strongly in
favor of a North Korean strike south. So in what sense was the U.S. a
"more supportive ally"?
Brad DeLong
Reminds me of the details in the memoir of Zdenek Mlynar, "Nightfrost in
Prague."
http://www.hfni.gsehd.gwu.edu/~nsarchiv/CWIHP/BULLETINS/b2a4.htm
Mlynar was on the CC of the Czech Communist Party in '68 (and a former
roomate of Gorbachev's in the 50's) and went to Moscow with Dubcek and other
, was willing to give; he saw no advantage in letting
reform communsim develop...
On the contrary. The U.S. saw lots of advantage in letting reform
communism develop: consider U.S. policy toward Marshall Tito in the
quarter-century after World War II.
*Think* a little bit before you post, please.
Brad
who deliberately try to forget history? That
Stalin's Russia, Mao's China, Pol Pot's Cambodia, and Kim Il Sung's
Korea were far indeed from Utopia is one of the principal features of
twentieth-century history, after all...
Brad DeLong
Just as I feared! Here we are back in trying to debate the same old stuff with
the same old tone. In an earlier note, Brad wrote something like, think
before you post. We don't need to sort of dialogue here.
Brad DeLong wrote:
Some time ago, the Monthly Review published a list
e umbrella to cover Dubcek.
Brad DeLong
in Yugoslavia.
Yep. Hence Justin Schwartz needs to think before he posts. When he
doesn't think, he makes claims like the one that LBJ's unwillingness
to risk nuclear World War III to protect Dubcek demonstrates that the
U.S. government was always hostile to "reform communism".
Brad DeLong
that the
U.S. government was always hostile to "reform communism".
Brad DeLong
"Wrong again, Brad. Brezhnev was not about to try to face down the US
in a nuclear confrontation like the Cuban Missile Crisis, which had
led to Khrushchev being iced (by B himself and some pals); he
1970s. The Soviet Union went into Afghanistan, after all, for
relatively pure motives: to defend socialism against barbarism. (And
from today's perspective it is hard to argue that they were wrong.)
I don't know when the loss of faith in their system on the part of
the nomenklatura took place...
Brad DeLong
to understand why the hell *taxing*
Mozambique's exports is going to make anyone (except the owners of
cashew processing plants) better off...
Brad DeLong
then gleefully fill in the grave above your coffin. IIRC, the Russian
is much more "we will outlive you."
Brad DeLong
Date: Wed, 31 Jan 2001 09:53:26 -0800
From: Brad DeLong [EMAIL PROTECTED]
I always thought that successful industrial policies were built on
*subsidizing* exports. I've yet to understand why the hell *taxing*
Mozambique's exports is going to make anyone (except
much either...
Brad DeLong
But I don't believe that labor force growth will slow to zero. And I
don't believe that productivity growth will slow much either...
Brad DeLong
mbs: So are you saying there is no long-term
problem with the Trust Fund? That the whole
raison d'etre for deficit reduction/surplus
maximization
investment is determined not by
interest rates but by corporate cash flow?
Brad DeLong
professional
schools, including its Business and Law Schools, very low.
Income-contingent loans, yes. But a straight $15,000 a year subsidy
for students at Haas and Boalt?
Brad DeLong
Indonesia.
Of course, South Korea and Taiwan are also contenders in this
originating game,
???
I thought both the South Korean and the Taiwanese economies were
doing quite nicely these days...
Brad DeLong
Real GDP up 10% in 1999 and 10% again in 2000? Unemployment down to 4%?
Brad DeLong
don't know how much...
Brad DeLong
ounds very interesting. I want it...
Brad DeLong
--
---
Professor J. Bradford DeLong
Department of Economics, U.C. Berkeley
Berkeley, CA 94720-3880
[EMAIL PROTECTED]
http://www.j-bradford-delong.net/
---
"In one way only c
on www.economist.com.
I did not riposte! I feebly countered, and then fell to the ground
senseless, skewered through the heart!
Brad DeLong
Over the years 1970-1997, the country's Gini index held steady at
0.283. It jumped to 0.316 in 1998, and then to 0.321 in 1999, where
it has remained during the first half of 2000.
Ooo...
Brad DeLong
would still have been set out, and would stand.
Yet another blessing we have received from Ralph Nader...
Brad DeLong
g economic development. But even during the heyday of the
Japanese miracle there were a lot of other bureaucrats regulating
agriculture, retail trade, finance, and so on who were clever too but
not that interested in promoting economic development...
Brad DeLong
Brad DeLong wrote:
Yet another blessing we have received from Ralph Nader...
No, from Al Gore. If as many self-identified Democrats had voted for
Gore as self-identified Republicans voted for Bush, W would still be
governor of Texas.
Doug
And Nader was in their pitching, telling self
s
comparative study of manufacturing productivity in Japan, German, and
the U.S., and the *extraordinary* dual economy it showed. The
contrast between those sectors regulated by MITI and those regulated
by other ministries is amazing...
But in the future all my formulations will be rigorous.
Brad DeLong
was a nationalist fascist interested in war,
expulsion, and slaughter. That in Tudjman he found his near-match
does not make Milosevic a good guy.
Brad DeLong
Brad DeLong wrote:
Yet another blessing we have received from Ralph Nader...
No, from Al Gore. If as many self-identified Democrats had voted for
Gore as self-identified Republicans voted for Bush, W would still be
governor of Texas.
Doug
And Nader was in their pitching, telling self
And Nader was in their pitching, telling self-identified Democrats
not to vote for Gore...
Brad DeLong
As was 'Dubya; welcome to the world of free speech.
Ian
Except that Dubya is opposed to ergonomic rules. Nader is supposed to
like them--but he likes being a publicity
be the core of a
"winning party"--and throwing elections to the Tories.
In the meantime, thanks for the repeal of ergonomic rules, thanks for
the abandonment of planning how to regulate CO2, thanks for this
extraordinarily regressive tax cut...
Brad DeLong
? :-)
Brad DeLong
ues
matter, I don't know what you are doing here...
Brad DeLong
to employers' rights rather
than workplace safety; an administration committed to a more
regressive rather than a more progressive tax system; and so forth.
If you don't think that these shifts in policy make America a worse
place, it's not clear what you do believe.
Brad DeLong
a dismal campaign, and blew what should have been a
landslide, is not that relevant--for Nader to complain that he played
no role is like an assassin complaining that the knife shouldn't have
gone in because the victim should have been wearing an armored vest...
Brad DeLong
MacDonald, Prime Minister of Great Britain in
1924 and from 1929-1931, that's my answer.
But I must say that I do not like what I take to be the undercurrents
associated with this question at all.
Brad DeLong
is in some way contemptible...
Brad DeLong
of their climate, etc. I don't think so.
Paul Phillips
If you had been reading the newspapers, you would already know the
answer to your question. You would be frightened of steps toward
increased confrontation with North Korea, Russia, and China. I know I
am.
Brad DeLong
nto denial, and by
forgetting history being condemned to repeat it, I would not care so
much. But I fear that they are going to try to make me repeat it with
them.
Brad DeLong
der campaign of 2000 was a
very expensive, stupid, and counterproductive enterprise.
Brad DeLong
as
good as possible.
Brad DeLong
...
Brad DeLong
provided more than a
dozen references...
So who were the four people? Why did Simon Fraser need Noble's
permission to call them? And why should Noble object?
Brad DeLong
I think all North American academics should be aware of this
travesty of academic freedom and human rights.
Paul Phillips,
Economics,
University of Manitoba
--- Forwarded message follows ---
Date sent: Thu, 29 Mar 2001 15:07:59 -0800
To:(Recipient list
I recall how Marx scrupulously tried to avoid discussions about how
to organize the future,
since it would just set off squabbling.
And *not* discussing how to organize the future leads to... Stalin.
I'd rather have a *lot* of squabbling myself...
Brad DeLong
Brad just can't help red baiting. It's part of the air the breathes.
michael yates
Brad DeLong wrote:
I recall how Marx scrupulously tried to avoid discussions about how
to organize the future,
since it would just set off squabbling.
And *not* discussing how to organize the future
"let's you and him fight!" -- is this an effort to divide and
conquer (what's left of) the
left?
-- Jim
Devine
No. It's an attempt to *think* about the future.
If you want to make not thinking about the future a virtue, go ahead...
to achieve a
*lot* more environmental protection and poverty reduction than one in
which productivity increases are glacial.
Brad DeLong
Brad DeLong quotes some dubious growth statistics about India and
everyone goes
bonkers. Why does anyone pay attention to him? This list is just
an amusement
for him. He likes to bait people and redbait the leftists from his perch at
Berkeley (from which he waits for a Democrat to get
Mike Yates writes: Brad DeLong quotes some dubious growth
statistics about India and
everyone goes bonkers. Why does anyone pay attention to him?
I think it's good to debate the mainstream economists, if nothing
but to keep our wits
sharp. It's better than intra-left flames. However
Probably not intentionally calculated to do so. Michael Yates
suggested that it was a
reflexive action.
As I said, it is not a reflex action. It is a mere commonplace: If
you refuse to *think* about the future--claim that thinking about the
future is positively harmful--don't be surprised
Brad DeLong wrote:
Rates of growth of GDP per capita, India:
1950-1980 1.1% per year
1980-1990 3.3% per year
1990-2000 4.2% per year
At the pace of the last decade, India's real productivity is
doubling every seventeen years (compared to a doubling time of 65
years before 1980
Brad says
Brad DeLong wrote:
Rates of growth of GDP per capita, India:
1950-1980 1.1% per year
1980-1990 3.3% per year
1990-2000 4.2% per year
At the pace of the last decade, India's real productivity is
doubling every seventeen years (compared to a doubling time of 65
years before
Although this thread began with some early taunts and flames, I think it is
helping to shape out a picture of what growth means. I have not seen any
professional academic journal article -- probably due to my own ignorance --
that describes how growth affects difference classes and sub-classes.
While I agree that Brad's original note was certain to provoke, this
discussion is getting increasingly personal.
I won't see Yates's stuff anymore...
You will also find horror stories with the CPM, and this is coming from a
CPM sympathetizer (that's me). From a distance everything looks
sanitized. The ground reality is far more complex.
Reality is always more complex. But that doesn't mean that Kerala's
accomplishments in education aren't
, at least as reform is currently envisioned.
And I do not understand the appeal of the BJP...
Brad DeLong
t they did have very different political profiles--summed
up perhaps in the idea that British investors, property-owners, and
bosses weren't "foreign.")
Brad DeLong
w what has transformed
India from an economy in which it takes more than 60 years for GDP
per capita to double to one in which it takes less than 20 years for
GDP per capita to double.
Brad DeLong
Brad, please refrain from the personal jibes. If you want to delete
somebody, you are welcome to do so, but there is no reason to announce it.
On Mon, Apr 16, 2001 at 10:04:04PM -0700, Brad DeLong wrote:
While I agree that Brad's original note was certain to provoke, this
discussion
reeing-up of access to
foreign-made capital goods in the mid-1980s that had the big
beneficial effect on growth, and that the stuff since (like the
expansion of the stock market) has had smaller effects...
Brad Delong
of prostate cancer in men over 80...
Brad DeLong
--
improve conditions in
Bangladesh--would make the Bangladeshi government straighten up and
fly right. He was wrong.
If Harkin had tied his bill to increased development aid for
Bangladesh, I would think better of him...
Brad DeLong
--would make the Bangladeshi government straighten up and
fly right. He was wrong.
If Harkin had tied his bill to increased development aid for
Bangladesh, I would think better of him...
Brad DeLong
Brad, would it have gotten out of committee if he and his legislative aids had
technologies will allow developing countries today to take a
'greener' development path than northwest Europe or north America
did. But I cannot see any way to realize this hope...
Brad DeLong
The problem is not so much with their choice as
with the conditions that make them accept that choice.
There are two problems. The first problem is the conditions that make
them accept that choice.
The second problem is made up of those who work hard to make their
options smaller, and their
will compete with
capitalists for workers (out of whose labor they think they can make
a profit) and workers will compete with workers for jobs (better than
the ones they currently have, or than their other opportunities).
brad DeLong
, there are the
stories that my ex-boss Alicia Munnell did not get the Social
Security Commissioner job she wanted because Clinton and Gore were
annoyed that she was a little too effective on the
anti-welfare-reform side in internal debates within the Executive
Office of the President...
Brad
A book rep came to my office today telling me how good brad de long's text
book would be. Will it be polluted with AS/AD?
Minor pollution with AS/AD only--I want to focus on the Phillips
curve instead of AS/AD, especially because you have to basically lie
to your students to get the AD curve
I can't wait for the video game version, with the
cheetah, rabbit, and snail racing across the screen.
mbs
You have a better way to teach people the relative lags involved in
automatic stabilizers, monetary policy, and discretionary fiscal
policy?
:-)
Brad DeLong
wage levels in industrial
countries...
Brad DeLong
For fiscal you should have shown a big truck labeled
neoliberalism running the turtle over in the middle
of the screen.
mbs
You have a better way to teach people the relative lags involved in
automatic stabilizers, monetary policy, and discretionary fiscal
policy?
:-)
Brad DeLong
Shme
the Cambridge Rent Control Board to break the contract
that he (as an autonomous, liberal individual) had made with Eric
Segal, and to keep squatting in Segal's apartment...
Brad DeLong
.
Michael Pugliese
You would rather that Lyndon Johnson would have risked total
thermonuclear war to keep Dubcek in power? There were people in the
White House then who would have benn glad to oblige...
Brad DeLong
(with the exception of
the United States and New Zealand) have wage levels in industrial
countries...
Brad DeLong
Of course wages have been going up. You start with zero when you are a
subsistence farmer living outside the cash economy. When a Colombian
peasant, who grew his own food
global progress
(although much less than I would wish to see). Or you can emulate the
Bourbons.
Brad DeLong
in resource-poor Bangladesh today, with U.S. consumers protected
against the danger of buying Bangladeshi textiles made with child
labor, 80% of newborns are expected to survive to age 40, and that
was definitely not the case two generations ago...
Brad DeLong
, a higher land/labor ratio, and possibly higher real wages.
These issues are still wide open.
But this kind of nihilistic denial that we know anything about the
past--that authorities are driven by ideology and nothing else--is
simply false.
Brad DeLong
Brad, when is this puppy coming out?
max
October...
And I'm sure he is donating all his advance and royalties back to UC to
underwrite scholarships for low income and minority students, matching in
action, his rhetoric to others about thier moral obligations to California
society.
Learn to spell their.
stupid strategy. And I, at least, am not smart enough to
think of a better one.
Brad DeLong
, and the collapse in Eastern Eastern Europe--we do not.
Brad DeLong
the social optimum...
Brad DeLong
Title: Microeconomics: The Quest for Profits, the
Use of Power, and the Social Good
Level: Principles of Microeconomics
Cost: ZERO -- downloadable free from the Internet
as Adobe Acrobat files (professionally formatted
to look pretty). Or, for the cost of shipping
($3?), available on a CD.
is all-but-impenetrable
to my undergraduates: he simply juggles too many balls in the air at
once. It is how Olivier Blanchard thinks about issues of
macroeconomic policy, crystalized and set down on paper, and it is
absolutely brilliant.
Brad DeLong
Well said, but I have never seen any of the add-ons that were worth enough
to influence my choice.
It is possible that the publishers are deluding themselves. But they
certainly *think* that the add-ons matter a lot...
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