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J. Bradford DeLong
By J. Bradford DeLong - Apr 20,2017
Today, the world’s population is, on average, about 20 times richer than it was during the long Agrarian Age.Between 7000 BC and AD 1500, resources were scarce, technological progress was slow and Malthusian pressures kept almost all human populations at a near-subsistence level,
By J. Bradford DeLong - Feb 05,2017
In a recent Vox essay outlining my thinking about US President Donald Trump’s emerging trade policy, I pointed out that a “bad” trade deal such as the North American Free Trade Agreement is responsible for only a vanishingly small fraction of lost US manufacturing jobs over the p
By J. Bradford DeLong - Dec 31,2016
On January 20, 2017, US President-elect Donald Trump will take office, having received almost 3 million fewer votes than his opponent; and he will work with a Republican Senate majority whose members won 13 million fewer votes than their Democratic opponents.Only the Republican m
By J. Bradford DeLong - Sep 03,2016
These are days of grave disillusionment with the state of the world.Sinister forces of fanatical, faith-based killing — something that we in the West, at least, thought had largely ended by 1750 — are back.
By J. Bradford DeLong - Apr 21,2016
It is almost impossible to assess the progress of the United States economy over the past four decades without feeling disappointed.From the perspective of the typical American, nearly one-third of the country’s productive potential has been thrown away on spending that adds noth
By J. Bradford DeLong - Apr 02,2016
One does not need to be particularly good at hearing to decipher the dog whistles being used during this year’s election campaign in the United States.Listen even briefly, and you will understand that Mexicans and Chinese are working with Wall Street to forge lousy trade deals th
By J. Bradford DeLong - Jan 07,2016
In “Capital in the Twenty-First Century”, French economist Thomas Piketty highlights the striking contrasts in North America and Europe between the Gilded Age that preceded World War I and the decades following World War II.In the first period, economic growth was sluggish, wealt
By J. Bradford DeLong - Nov 21,2015
It is difficult to read former US Federal Reserve chair Ben Bernanke’s new memoir, “The Courage to Act”, as anything other than a tragedy.It is the story of a man who may have been the best-prepared person in the world for the job he was given, but who soon found himself outmatch
By J. Bradford DeLong - Aug 01,2015
Back in the early days of the ongoing economic crisis, I had a line in my talks that sometimes got applause, usually got a laugh, and always gave people a reason for optimism.
By J. Bradford DeLong - Jul 30,2015
As bubbles go, it was not a very big one.From 2002 to 2006, the share of the American economy devoted to residential construction rose by 1.2 percentage points of GDP above its previous trend value, before plunging as the United States entered the greatest economic crisis in near

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