Search This Website Brad DeLong Last Modified: 2000-05-05 http://www.j-bradford-delong.net/ delong@econ.berkeley.edu Over 2,500,000 pages served to over 50,000 unique adresses... Thoughts of This Week: The EITC; welfare reform was supposed to boost incomes, build skills, and help people find jobs; only the first of these has been implemented... Link of the Week: Ted Rall; he is my favorite political cartoonist; my favorite cartoon... Archive of Past Thoughts of the Week...   Read Comments on This Website... (Your) Questions and (Your and My) Answers About This Website... Sign Up for Brad Delong's (General) Mailing List... What I Write 20th Century Economic History; the in-progress draft of my economic history of the 20th century; the Old Draft... The Next Economy?; why Adam Smith's advice may not be so good in the future... Noise Trader Risk (.pdf); why we shouldn't expect the stock market to be rational... Defending Mexico's Rescue; why the IMF is good. The Shock of the Virtual; perhaps my most-cited essay... Bull and Bear Markets; the long-term logic of stock markets... Productivity, Convergence, and Welfare; how divergence--not convergence--is the big news in economic history... Noise Trader Risk; how irrational speculators can survive and grow in influence... Equipment Investment and Growth; since WWII, if you want to grow you had better invest heavily in equipment... J. P. Morgan; just what did he do for his clients to grow so rich?... Books Worth Reading Book of the Month: Face Time; Erik Tarloff on life at the White House, at the President's court, today... Best Past Books of the Month: Guns, Germs, and Steel; must read book on the deep structure of human history; Code: The Hidden Language of Computers; best book on what computers are; Competing on Internet Time; the rise and fall of Netscape; Information Rules; best short account of the economics of the information economy; Wealth and Poverty of Nations; excellent introduction to the origins of the present extraordinarily uneven world distribution of wealth. Other Reviews What Is New New Economy Forum; Laura Tyson is running a meeting in Silicon Valley next week. These are my preparation notes... The EITC; welfare reform was supposed to boost incomes, build skills, and help people find jobs; only the first of these has been implemented... Economic History Association Meeting; to be held in Los Angeles on September 8-10... Face Time; Erik Tarloff on life at the White House, at the President's court... Comments on Hall, and on Hobijn and Jovanovic; Comment on papers on the stock market that take stock market values very seriously as telling us important things about the economy... Where Did the Reagan Tax Cut Go?; Why are taxes as a share of economic activity today higher than they were before the Reagan tax cut? Online C.V. Print C.V. Recent Economic Data Data Calendar CBS Marketwatch Briefing Room What I Teach Current Courses: Economics 211, economic history seminar; Economics 210b, graduate economic history Past Courses: Introductory Finance, 20th Century Economic History, Macroeconomics I, Macroeconomics II, Graduate Macroeconomics I, Graduate Macroeconomics II, European Economic History, Introduction to Economic History Contact Info: Dept. of Economics, U.C. Berkeley, Berkeley, CA 94720-3880. Phones: 510-643-4027, 925-283-2709. Fax: 925-283-3897. Office Hours: Friday 11-12:30, except for April 21 and 28. Alternatively, phone or e-mail; I'm flexible. Directions to my house. My Economic History Page Career | Information Economy | Economists | My Jobs | Multimedia | Other | Politics | Reviews | Students | Teaching | Writing Writings Most Worth Reading Finance (Domestic and International): Noise Trader Risk (.pdf); why we shouldn't expect the stock market to be rational... East Asia in Historical Perspective; why the recent East Asian financial crisis was nothing new... Is the Stock Market Overvalued?; h*** yes! Did Morgan's Men Add Value? (.pdf); just how did J.P. Morgan get to be so rich? In Defense of Mexico's Rescue; why the IMF and global economic integration are good things... Bull and Bear Markets in the Twentieth Century; the long-term logic of the stock market... Information Economy: Tools for Thought; what's new about the new economy... Microeconomics for Tomorrow's Economy; why Adam Smith's advice may not be so good in the future... The Shock of the Virtual; how will the computer and communications revolutions change the way we live?... Ka-ching!: the Amazon Associates Program; Jeff Bezos uses human greed to pull his enterprise forward... New Economy Forum; notes for yet another "new economy" meeting... Politics: Farewell to the Treasury; what I had to say when I stopped being a public servant... The Marshall Plan (.pdf); an extraordinary success, the axis on which late twentieth century history has turned... Where Did the Deficit Come From?; the decisive arguments for Reagan's responsibility for the deficit... Lessons from Kindergarten; California underfunds its schools... Deficit Reduction and the Short-Run Outlook; a historical document on the foundations of the Clinton administration economic program... Economic History: Slouching Towards Utopia: Old Draft; the economic history of the twentieth century... Thinking About Wealth and Poverty; David Landes's economic history of the world... Assessing Changing Business Cycle Volatility; is the business cycle less of a curse than it used to be?... Inventions in History; where have human technologies been invented? Equipment Investment and Economic Growth; the importance of machines for technological development... Productivity Growth, Convergence, and Welfare; the world is becoming a more unequal place... Business Cycles: Is Increased Price Flexibility Stabilizing? (.pdf); why more flexible prices may not be good... Keynesianism on Pennsylvania Avenue (.pdf); how Keynesianism came to America, and what happened... America's Peacetime Inflation: The 1970s (.pdf); why did America see such inflation in the 1970s?... Activities Politics:    What I did in Washington (I worked on a remarkably large share of what the executive branch did between 1993 and 1995). Farewell to the Treasury (a speech I am proud of). Clinton Administration economic policy (remarkably successful--it's nice to see good luck reinforce skill for once). Teach      This spring I am teaching Economics 210b.    In the past, I have also taught Business Administration 130 (Introductory Finance; Brealey and Myers), Economics 115 (Twentieth Century Economic History), Economics 100b (Undergraduate Macroeconomics; this website is detailed; includes multimedia files), Economics 101b (Undergraduate Macroeconomics Fall 1999), Economics 202a (Graduate Macroeconomics I), Economics 202b (Graduate Macroeconomics II), Economics 210b (European Economic History), and Economics 210a (Economic History for Graduate Students).      On education: Jeff Zax on being a section leader. The job market for Ph.D. economists. In praise of economists. Welcoming our new graduate students. Write      Look to the left for my best-written articles. I'm writing an economic history of the twentieth century: Slouching Towards Utopia?: 20th Century Economic History.    A complete list of what I have written (and gotten published, or at least that other people have cited). A list of what I have written and not published. Interesting Email messages I have written.    Thoughts on the information economy: Questions on E-commerce, Comments on Electronic Commerce, Rules, New and Old, for the Network Economy, Microeconomics for Tomorrow's Economy, The Shock of the Virtual, How "New" Is Today's Economy?, Ka-ching!: the Amazon Associates Program, A Few Thoughts on "Virtuality".    Yesterday's economic crisis, centered in East Asia: a historical perspective, the role of the IMF.    Is the stock market overvalued? Maintain My Career      My resume and one page biography. I am a Professor of Economics at the University of California at Berkeley. I am Co-Editor of the Journal of Economic Perspectives. I am a Research Associate at the NBER. I am a Visiting Scholar at the Federal Reserve Bank of San Francisco. I write a monthly "Economic Scene" column for the New York Times. I used to be Deputy Assistant Secretary of the United States Treasury for Economic Policy. Maintain This Site    Links. Private files (works in progress; mail; my notebook; notebook index). Create pdf files. The banner at the top of each page in this website is a picture of Earth taken by the Galileo mission: Galileo's abjuration. A larger view of Earth from the Galileo mission. The ozone hole over the South Pole.

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Professor of Economics J. Bradford DeLong, 601 Evans Hall, #3880 University of California at Berkeley Berkeley, CA 94720-3880 (510) 643-4027 phone; (510) 642-6615 fax delong@econ.berkeley.edu http://www.j-bradford-delong.net/ This document: http://www.j-bradford-delong.net/Brad_De_Long's_Website.html

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