Brad DeLong: Difference between revisions
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'''James Bradford DeLong''' (born June 24, 1960) is an American economist, and Professor of Economics at University of California at Berkeley. He received a Ph.D. from Harvard University in 1987, and has previously served as Deputy Assistant Secretary for Economic Policy, United States Department of the Treasury, from April 1993 to May 1995. <ref name="Academic CV"> [http://delong.typepad.com/sdj/j_bradford_delongs_academ.html "J. Bradford DeLong Academic CV"], “Grasping Reality with Eight Tentacles”. Referenced 2011-01-29.</ref> | '''James Bradford DeLong''' (born June 24, 1960) is an American economist, and Professor of Economics at the [[University of California]] at Berkeley. He received a Ph.D. from [[Harvard University]] in 1987, and has previously served as Deputy Assistant Secretary for Economic Policy, [[United States]] Department of the Treasury, from April 1993 to May 1995. <ref name="Academic CV"> [http://delong.typepad.com/sdj/j_bradford_delongs_academ.html "J. Bradford DeLong Academic CV"], “Grasping Reality with Eight Tentacles”. Referenced 2011-01-29.</ref> | ||
DeLong has cited the “liquidationist” philosophy of Herbert Hoover as proof that Hoover preferred a laissez | Unfortunately, DeLong is also known for frequently deleting or truncating comments on his blog ''Grasping Reality…'', that refute or object to the premise of his assertions.<ref name=”Horwitz”> Horwitz, Steve.[http://austrianeconomists.typepad.com/weblog/2009/03/why-not-to-bother-with-brad-delong.html “Why not to bother with Brad DeLong”] ''Coordination Problem''. March 6, 2009. Referenced 2011-01-29.</ref><ref name=”Murphy”>Murphy, Robert.[http://consultingbyrpm.com/blog/2008/12/brad-delong-doesnt-even-know-who-hes-dealing-with.html “Brad DeLong Doesn’t Even Know Who He’s Dealing With”], ''Free Advice''. December 3, 2008. Referenced 2011-01-29.</ref> | ||
These apparent lapses in scholarship are important to [[free market]] thinkers because DeLong, a [[John Maynard Keynes|Keynesian]],{{fact}} has cited the “liquidationist” philosophy of [[Herbert Hoover]] as so-called "proof" that Hoover preferred a [[laissez faire]] approach to fighting the [[Great Depression]], and "proof" that it failed. He has quoted selected portions of Hoover’s memoirs: | |||
<blockquote>Now Prof. Boldrin is following a very old trail, all right, his trail was in fact the ruling theory behind the Hoover Administration’s policies in the 1930s. And to quote from President Herbert Hoover’s autobiography, during his administration economic policy was made by quote "the leave-it-alone liquidationists headed by my Secretary of the Treasury Mellon, who felt the government must keep its hands off the economy and let the slump liquidate itself."<ref name=”Hoover Quotes”> [http://www.iga.ucdavis.edu/Events/stimulus-smackdown-can-deficit-spending-save-the-economy “Stimulus SmackDown: Can Deficit Spending Save the Economy?”], A Debate Between Michele Boldrin and J. Bradford Delong, March 4, 2009. Referenced 2011-01-29.</ref></blockquote> | <blockquote>Now Prof. Boldrin is following a very old trail, all right, his trail was in fact the ruling theory behind the Hoover Administration’s policies in the 1930s. And to quote from President Herbert Hoover’s autobiography, during his administration economic policy was made by quote "the leave-it-alone liquidationists headed by my Secretary of the Treasury [[Andrew W. Mellon|[Andrew W.] Mellon]], who felt the government must keep its hands off the economy and let the slump liquidate itself."<ref name=”Hoover Quotes”> [http://www.iga.ucdavis.edu/Events/stimulus-smackdown-can-deficit-spending-save-the-economy “Stimulus SmackDown: Can Deficit Spending Save the Economy?”], A Debate Between Michele Boldrin and J. Bradford Delong, March 4, 2009. Referenced 2011-01-29.</ref></blockquote> | ||
while omitting Hoover’s conclusion three paragraphs later: | while ''omitting'' Hoover’s conclusion three paragraphs later: | ||
<blockquote>But other members of the Administration, also having economic responsibilities–Under Secretary of the Treasury Mills, Governor Young of the Reserve Board, Secretary of Commerce Lamont and Secretary of Agriculture Hyde–believed with me that we should use the powers of government to cushion the situation.<ref name=”Hoover Memoirs”> Hoover, Herbert (2007). The Memoirs Of Herbert Hoover: The Great Depression, 1929-1941. Kessinger Publishing, LLC. ISBN 78-0548453933</ref></blockquote> | <blockquote>But other members of the Administration, also having economic responsibilities–Under Secretary of the Treasury Mills, Governor Young of the Reserve Board, Secretary of Commerce Lamont and Secretary of Agriculture Hyde–believed with me that we should use the powers of government to cushion the situation.<ref name=”Hoover Memoirs”> Hoover, Herbert (2007). The Memoirs Of Herbert Hoover: The Great Depression, 1929-1941. Kessinger Publishing, LLC. ISBN 78-0548453933</ref></blockquote> | ||
==References== | ==References== | ||
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==Links== | ==Links== | ||
*[http://delong.typepad.com/sdj/ “Grasping Reality…] by The Semi-Daily Journal of Economist J. Bradford DeLong: Fair, Balanced, and Reality-Based | *[http://delong.typepad.com/sdj/ “Grasping Reality…] by The Semi-Daily Journal of Economist J. Bradford DeLong: Fair, Balanced, and Reality-Based | ||
[[Category:Economists]] | |||
[[Category:Interventionists]] | |||
Revision as of 20:25, 29 January 2011
James Bradford DeLong (born June 24, 1960) is an American economist, and Professor of Economics at the University of California at Berkeley. He received a Ph.D. from Harvard University in 1987, and has previously served as Deputy Assistant Secretary for Economic Policy, United States Department of the Treasury, from April 1993 to May 1995. [1]
Unfortunately, DeLong is also known for frequently deleting or truncating comments on his blog Grasping Reality…, that refute or object to the premise of his assertions.[2][3]
These apparent lapses in scholarship are important to free market thinkers because DeLong, a Keynesian,[citation needed] has cited the “liquidationist” philosophy of Herbert Hoover as so-called "proof" that Hoover preferred a laissez faire approach to fighting the Great Depression, and "proof" that it failed. He has quoted selected portions of Hoover’s memoirs:
Now Prof. Boldrin is following a very old trail, all right, his trail was in fact the ruling theory behind the Hoover Administration’s policies in the 1930s. And to quote from President Herbert Hoover’s autobiography, during his administration economic policy was made by quote "the leave-it-alone liquidationists headed by my Secretary of the Treasury [Andrew W.] Mellon, who felt the government must keep its hands off the economy and let the slump liquidate itself."[4]
while omitting Hoover’s conclusion three paragraphs later:
But other members of the Administration, also having economic responsibilities–Under Secretary of the Treasury Mills, Governor Young of the Reserve Board, Secretary of Commerce Lamont and Secretary of Agriculture Hyde–believed with me that we should use the powers of government to cushion the situation.[4]
References
- ↑ "J. Bradford DeLong Academic CV", “Grasping Reality with Eight Tentacles”. Referenced 2011-01-29.
- ↑ Horwitz, Steve.“Why not to bother with Brad DeLong” Coordination Problem. March 6, 2009. Referenced 2011-01-29.
- ↑ Murphy, Robert.“Brad DeLong Doesn’t Even Know Who He’s Dealing With”, Free Advice. December 3, 2008. Referenced 2011-01-29.
- ↑ 4.0 4.1 “Stimulus SmackDown: Can Deficit Spending Save the Economy?”, A Debate Between Michele Boldrin and J. Bradford Delong, March 4, 2009. Referenced 2011-01-29. Cite error: Invalid
<ref>tag; name "”Hoover" defined multiple times with different content
Links
- “Grasping Reality… by The Semi-Daily Journal of Economist J. Bradford DeLong: Fair, Balanced, and Reality-Based