of fiscal policy.
But today neither of those apply. And even this card-carrying
neoliberal Keyensian wants a bigger deficit for the next 24 months.
(But budget surpluses four or more years out.)
Brad DeLong
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Try to keep your arguments from being more than one generation out of date, OK?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
Why are we so obsessed with personalities and their shortcomings?
Michael Perelman
I'm not. I'm interested in the social construction of the categories
of rich and middle class.
Brad DeLong
In my own way I wish to second Fred Guy. Brad DeLong has no
doubt overplayed the no-argument argument, which most be quite
irritating to someone like Keaney who has put forth serious, well
researched responses...
Back in the late 1970s I would have agreed with Keaney that the IMF's
advice
rather than me.
There are degrees of mendacity that deserve to be called bullshit.
That seemed to me to be one o them.
Brad DeLong
unsustainable policies
(Latin America 1982). But the one we have is better than none at
all--unless, that is, you buy the line of the _Wall Street Journal_
editorial page that without the IMF and the moral hazard it creates
international capital markets would run perfectly.
Brad DeLong
analogous rules, I fear that they are doomed.
Brad DeLong
Brad DeLong
technology, product, and slave price: non-capitalist Roman staple
slave agriculture was at least as cruel as anything in the Caribbean.
Look up ergastula.)
Nevertheless, the slaves of Islam are part of our history, are they
not? And we should remember and study them, shouldn't we?
Brad DeLong
...
Brad DeLong
?
Brad DeLong
Brad DeLongwrote:
The IMF loaned Callaghan a lot of money to use for exchange
rate management and to stretch out what would otherwise have been a
very sharp, short, nasty period of macroeconomic adjustment.
As a matter of historical fact, the IMF didn't lend HMG any money at
all. None of
clearly
don't. So why don't you be quiet until you do?
this is flame-bait. Michael K. did provide an argument, but Brad simply
ignored it. Michael, please warn Brad to stop this behavior.
He did?
Funny. I read four paragraphs of his email and didn't find one.
Brad DeLong
functioning discourse community that wants to be
anything more than an echo chamber for its dominant tendency. That
leaves me with a problem. How do you suggest that I deal with it?
Brad DeLong
business.
Brad DeLong
true. But so far it looks like Botswana is doing *most* of the
right things to turn its resource-based wealth into more durable
forms.
If not for AIDS, I'd be very optimistic...
Brad DeLong
Brad DeLong wrote:
But maintaining independence of thought and critique is really hard
when you are paid out of a government budget.
But it's really easy when you're paid out of the budgets of
advertisers, who don't like anything critical of business
civilization, or even anything a bit
Brad, once a flame war begins, ugly things tend to be said by all
participants.
Keaney (one post): ... repeated smart-ass intrusions... deigns...
self-delusion ...confirmation of prejudice... disciplinary culture of
condescension... brilliant economist... disgusting Schleifer...
countries
decline in the value
of the currency raises the home-currency value of debt owed to
foreigners and bankrupts more firms and banks...
Brad DeLong
--but depressing...
Brad DeLong
Brad DeLong writes:
Britain's march to socialism halted in 1976 by IMF! *Snort*.
=
A cocaine habit might explain how it is you would actually believe most of
what you contribute here.
Naughty, naughty.
I take that as an admission that you have no real arguments or
evidence, and I agree
of the
_Neue Rheinische Zeitung_?
Brad DeLong
Most of the critics of Jim Callaghan in the mid-1970s changed their
mind during the five years that followed, for two countries did
attempt to spend their way out of recession--the U.S. under
President Carter and Federal Reserve Chair Miller, and France under
President Mitterand. Both attempts
For some reason, human beings, needing God,
This is simply not true, either as a general statement or as an
empirical summary of human experience. Most humans (including most of
those who claim, if asked, to believe in god) get along very well
without any god.
are born into a
world in
Brad DeLong writes:
The availability of IMF loans gives countries facing financial crises
a *few* more options: Harry Dexter White and John Maynard Keynes
created it for a reason, after all. They were not dumb.
If you want to know how the international financial system would
function in its
On Fri, 11 May 2001, Brad DeLong wrote:
The answer to what is happening to world income distribution
turns out to depend heavily on whether countries are weighted by
population, and whether income in different countries is measured
in PPP terms or by using actual exchange rates.
Why
-in with Sen's arguments about famines, publicity, and democracy...
Brad DeLong
British and Canadian broadcasting is bad for you. One of the
authors has been under discussion here recently.
NBER WORKING PAPER
Who Owns the Media? Simeon Djankov, Caralee McLiesh, Tatiana
Nenova, Andrei Shleifer
From pp. 4-5:
We then consider the consequences of state ownership of the
media To this end, we run regressions of a variety of outcomes
across countries on state ownership of the media, holding constant
the level of development, the degree of autocracy, and overall state
ownership of
Brad DeLong wrote:
No.
Britain and Canada are outliers in their regression. Think of
Malaysia, or China, if you want a typical country in which the
government has a large media share.
The government media-inferior health and the government
media-inferior education correlations made
Is Brad blaming NPR for the kids here without health insurance?
No. The U.S. has a very small government-owned media share. It ought
to--or rather their regressions predict--that the U.S. should have
better health outcomes than it does...
would be a better thing for Russia than the alternative, but I met no
one inside the Treasury who did not care.
Stiglitz must be talking about some other U.S. Treasury...
Brad DeLong
to and from minor nodes in networks (if I've got it right)
might not be relevant to airline policy debates.
Waddyareckon, Brad?
I think so. Markets aren't friendly toward universal service--they're
friendly toward people in the really,really big nodes...
Brad DeLong
, I have always thought that 1931 et sequelae
in Austria gives you a good idea of what would be likely to happen...
Brad DeLong
Date: Fri, 11 May 2001 12:16:30 -0700
From: Brad DeLong [EMAIL PROTECTED]
But the ability to successfully run a developmental state appears to
be confined to (a) East Asia, (b) Northwest Europe, (c) Mauritius,
and (d) Botswana.
Chiming in from this side (3 hours from
-be-genocidal neo-fascists of Serbia cause trouble? It seems
to me that people need to hear *more* about ethnic
cleansing--whether by the Serbian government, the Croatian
government, Kosovar Albanian guerrillas, or others--not less.
Brad DeLong
with _Information Rules_
would, I think, be very nice indeed...
Brad DeLong
are interested in what's
happening to people, aren't we? And people don't eat exchange rates:
they use their income as a source of purchasing power over goods and
services.
Brad DeLong
.
Yes, Serbia, Croatia and the Muslims ALL did nasty things. But the
Serbians get singled out...
My eight-year-old already knows that She did it too! is not a valid
defense or excuse.
Brad DeLong
, it is unclear where the efficiency gains from competition
are supposed to come from...
Brad DeLong
On Tue, 1 May 2001, Brad DeLong wrote:
I'm trying to be a little more polite than my interlocutors.
It's a *strategy*: a version of tit-for-tat.
You may think that it is the wrong strategy to follow, but it is not
an obviously stupid strategy. And I, at least, am not smart enough
On Wednesday, May 2, 2001 at 21:20:47 (-0700) Brad DeLong writes:
Is there
something specific about software that makes the open-source
management problem particularly easy? Or can we look forward to the
development of similar collective
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...
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
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
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
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
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
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
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
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
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 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.
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
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
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
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
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
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
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
1 - 100 of 239 matches
Mail list logo
