Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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Brad DeLong


February 19, 2017, 10:18 pm, 1721371

Must-Read: Five things are going on with respect to America's blue-, pink-, and--increasingly--white lower-middle and middle-middle working classes. Three of them are real, and two of them are fake:

Technology: It has--worldwide--greatly amplified manufacturing labor productivity, accompanied by limited demand for manufactured goods: few of ...


February 19, 2017, 10:18 pm, 1721373

Must-Read: The incredibly sharp Kaushik Basu is another one who makes what I regard as a substantial mistake in diagnosing the economic ills of our age. The loss of security and place by those who in an earlier age would have been blue-collar workers settled in stable ...


February 19, 2017, 10:18 pm, 1721372

Must-Read: Dietrich Vollrath (2016): The Returns to Societal Capital: "Brad DeLong... points out that much of our prosperity comes from a stock of societal capital that we unknowingly rely on every day...

...Trust: I think this is much of what DeLong has ...


February 19, 2017, 8:18 pm, 1721363

**Weekend Reading: Why couldn't any of the awful people whining and sniveling about Yale's renaming of Calhoun College read--or reprint--this?

Sidney Blumenthal John C. Calhoun: "On his deathbed, Andrew Jackson, reflecting on the ...


February 19, 2017, 4:18 pm, 1721344

Should-Read: Paul Krugman: Trump's Rosy Scenario: "The claimed returns to Trumpnomics are close to the highest growth rates we’ve seen under any modern administration...

...Real GDP grew 3.4 percent annually under Reagan; it grew 3.7 percent annually under Clinton (shhh — don’t ...


February 19, 2017, 4:18 pm, 1721342

Should-Read: Dietrich Vollrath (2015): What Assumptions Matter for Growth Theory?: "Somewhere along I-40 and I-81 I was able to get a little clarity...

...in this whole "price-taking" versus "market power" part of the debate. I'll circle back to the actual "mathiness" ...


February 19, 2017, 4:18 pm, 1721343

Should-Read: Michael Berube: Theory Tuesday III: "Sean [McCann]’s account of [how]...

...not literature, but Theory now is the special kind of expertise that challenges all other expertise, the unique kind of training that subverts all other discipline.

...


February 19, 2017, 10:18 am, 1721309

Comment of the Day: Ronald Brak: Hindenberg Explosion: "And Trump has referenced a non-existent Swedish terrorist attack. I miss the good old days when we used to have to wait for a President to go senile."


February 18, 2017, 4:18 pm, 1721220

Over at Equitable Growth: Must- and Should-Reads:

Robert Waldmann: Marking My Beliefs To Market: UK Violent Crime: "The lead causes crime hypothesis... Wing Thye ...


February 18, 2017, 10:18 am, 1721186

Should-Read: The centrist neoliberal project--use market means to achieve both social democratic ends and the rapid expansion of wealth--has crashed and burned. Now comes Ruy Texeira to lead the left that was kept off the plane and the center that has survived out of the mountains ...