J. Bradford DeLong

Last updated
J. Bradford DeLong
Brad DeLong 201010.jpg
DeLong in October 2010
Born
James Bradford DeLong

(1960-06-24) June 24, 1960 (age 61)
Boston, Massachusetts, United States
NationalityAmerican
Institution University of California, Berkeley
Field Macroeconomics
School or
tradition
New Keynesian economics
Alma materB.A. (1982), M.A. (1985), Ph.D. (1987), Harvard University
Influences Adam Smith
John Maynard Keynes
Milton Friedman
Lawrence Summers
Andrei Shleifer
Information at IDEAS / RePEc

James Bradford "Brad" DeLong (born June 24, 1960) is an economic historian who is a professor of economics at the University of California, Berkeley. DeLong served as Deputy Assistant Secretary of the U.S. Department of the Treasury in the Clinton Administration under Lawrence Summers.

Contents

Education

DeLong graduated from Harvard University in 1982, and received an M.A. and PhD in economics also from Harvard. [1] He then taught economics at universities in the Boston area, including MIT, Boston University, and Harvard University, from 1987 to 1993. He was a John M. Olin Fellow at the National Bureau of Economic Research in 1991–1992.[ citation needed ]

Career

He joined UC Berkeley as an associate professor in 1993. [2] From April 1993 to May 1995, he served as Deputy Assistant Secretary for Economic Policy at the U.S. Department of the Treasury in Washington, D.C.. As an official in the Treasury Department in the Clinton administration, he worked on the 1993 federal budget, the unsuccessful health care reform effort, and on other policies, and on several trade issues, including the Uruguay Round of the General Agreement on Tariffs and Trade and the North American Free Trade Agreement. He became a full professor at Berkeley in 1997 and has been there ever since.[ citation needed ]

He has been a research associate of the National Bureau of Economic Research (NBER), a visiting scholar at the Federal Reserve Bank of San Francisco, and Alfred P. Sloan Research Fellow. [3]

Along with Joseph Stiglitz and Aaron Edlin, DeLong is co-editor of The Economists' Voice , [4] and has been co-editor of the Journal of Economic Perspectives . He is also the author of a textbook, Macroeconomics, the second edition of which he coauthored with Martha Olney. He co-edited (with Heather and Marshall Steinbaum) the book After Piketty: The Agenda for Economics and Inequality (2017), a volume of 22 essays about how to integrate inequality into economic thinking. He also contributes to Project Syndicate. [5]

In 1990 and 1991, DeLong and Lawrence Summers co-wrote two theoretical papers that were to become critical theoretical underpinnings for the financial deregulation put in place when Summers was Secretary of the Treasury under Bill Clinton.

In 2019, DeLong said that he and other neoliberals had been “certainly wrong, 100 percent, on the politics” of economic policies. While he continued to believe that “good incremental policies” might be superior, he concluded that they were unattainable politically, because of the absence of Republicans willing to work toward such goals. Instead, DeLong said, he favored "Medicare-for-all, funded by a carbon tax, with a whole bunch of Universal Basic Income rebates for the poor and public investment in green technologies." He concluded, "The world appears to be more like what lefties thought it was than what I thought it was for the last 10 or 15 years." [6]

He is an active blogger on political and economic issues and media criticism. [7]

Personal life

DeLong lives in Berkeley, California, [8] with his wife Ann Marie Marciarille, [9] a professor of law (specializing in healthcare law) at the University of Missouri-Kansas City. [10]

Publications

Related Research Articles

Lawrence Summers American economist, Secretary of the Treasury, college administrator, and U.S. government official

Lawrence Henry Summers is an American economist who served as the 71st United States Secretary of the Treasury from 1999 to 2001 and as the 8th Director of the National Economic Council from 2009 to 2010. He is a former president of Harvard University (2001–2006), where he is currently a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.

Causes of the Great Depression

The causes of the Great Depression in the early 20th century in the USA have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises and recessions. The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment and impoverishment. However, economists and historians have not reached a consensus on the causal relationships between various events and government economic policies in causing or ameliorating the Depression.

Gene Sperling American economist

Eugene B. Sperling is an American economist who was director of the National Economic Council and assistant to the president for economic policy under Presidents Bill Clinton and Barack Obama. He is the only person to serve as national economic advisor under two presidents. Outside of government, he founded the Center for Universal Education at the Brookings Institution in 2002.

Andrei Shleifer American economist

Andrei Shleifer is a Russian-American economist and Professor of Economics at Harvard University, where he has taught since 1991. Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his seminal works in three fields: corporate finance, the economics of financial markets, and the economics of transition.

Benjamin Morton Friedman is an American political economist, who is the William Joseph Maier Professor of Political Economy at Harvard University. He is a member of the Council on Foreign Relations, the Brookings Institute's Panel on Economic Activity, and the editorial board of the Encyclopædia Britannica. He is a recipient of the John R. Commons Award, given by the economics honor society Omicron Delta Epsilon.

<i>Quarterly Journal of Economics</i> Academic journal from Oxford University

The Quarterly Journal of Economics is a peer-reviewed academic journal published by the Oxford University Press for the Harvard University Department of Economics. Its current editors-in-chief are Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer, and Stefanie Stantcheva. It is the oldest professional journal of economics in the English language, and covers all aspects of the field—from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics. According to the Journal Citation Reports, the journal has a 2015 impact factor of 6.662, ranking it first out of 347 journals in the category "Economics". It is generally regarded as one of the top 5 journals in economics, together with the American Economic Review, Econometrica, the Journal of Political Economy, and the Review of Economic Studies.

Robert Ward Vishny is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

Michael Boskin American businessman

Michael Jay Boskin is the T. M. Friedman Professor of Economics and senior Fellow at Stanford University's Hoover Institution. He also is chief executive officer and president of Boskin & Co., an economic consulting company.

Ricardo Hausmann Venezuelan economist

Ricardo Hausmann is the former Director of the Center for International Development currently leading the Center for International Development’s Growth Lab and is a Professor of the Practice of Economic Development at the John F. Kennedy School of Government at Harvard University. He is also a former Venezuelan Minister of Planning and former Head of the Presidential Office of Coordination and Planning (1992–1993). He co-introduced several regularly used concepts in economics including original sin, growth diagnostics, self-discovery, dark matter, the product space, and economic complexity.

Barry Eichengreen American economist

Barry Julian Eichengreen is an American economist who holds the title of George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. Eichengreen currently serves as a Research Associate at the National Bureau of Economic Research and as a Research Fellow at the Centre for Economic Policy Research.

Elhanan Helpman Israeli economist

Elhanan Helpman is an Israeli economist who is currently the Galen L. Stone Professor of International Trade at Harvard University. He is also a Professor Emeritus at the Eitan Berglas School of Economics at Tel Aviv University. Helpman is among the thirty most cited economists in the world according to IDEAS/RePEc.

Alberto Alesina Italian economist (1957–2020)

Alberto Francesco Alesina was an Italian political economist. Described as one of the leading political economists of his generation, he published many influential works in both the economics and political science research literature.

Oded Galor Israeli economist (born 1953)

Oded Galor is an economist who is currently Herbert H. Goldberger Professor of Economics at Brown University. He is the founder of unified growth theory. Galor has contributed to the understanding of process of development over the entire course of human history and prehistory, and the role of deep-rooted factors in the transition from stagnation to growth and in the emergence of the vast inequality across the globe. Moreover, he has pioneered the exploration of the impact of human evolution, population diversity, and inequality on the process of development over most of human existence.

Aaron S. Edlin is an American economist and lawyer specializing in antitrust and competition policy. In 1997–1998, he served in the Clinton White House as Senior Economist within the Council of Economic Advisers focusing on the areas of industrial organization, regulation and antitrust. In 1999, he co-founded the Berkeley Electronic Press, an electronic publishing company that assists with scholarly communication.

Christina Romer Economist

Christina Duckworth Romer is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former chair of the Council of Economic Advisers in the Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010.

David Hibbard Romer is an American economist, the Herman Royer Professor of Political Economy at the University of California, Berkeley, and the author of a standard textbook in graduate macroeconomics as well as many influential economic papers, particularly in the area of New Keynesian economics. He is also the husband and close collaborator of Council of Economic Advisers former Chairwoman Christina Romer.

Douglas Elmendorf American economist

Douglas William Elmendorf is an American economist who is the dean and Don K. Price Professor of Public Policy at Harvard Kennedy School. He previously served as the Director of the Congressional Budget Office (CBO) from 2009 to 2015. He was a Brookings Institution senior fellow from 2007 to 2009, and briefly in 2015 following his time at the CBO, and was a director of the Hamilton Project at Brookings.

Dora L. Costa is an American economics professor at the University of California, Los Angeles where she is the Kenneth L. Sokoloff Professor of Economic History. She is also the department chair of the economics department. In addition to her teaching position, Costa is a research associate at the National Bureau of Economic Research (NBER).

Richard Clarida American economist

Richard Harris Clarida is an American economist and Vice Chair of the Federal Reserve. He is the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University and, from 2006 until September 2018, Global Strategic Advisor for PIMCO. He is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics. He is a former Assistant Secretary of the Treasury for Economic Policy and is a recipient of the Treasury Medal.

Michael David Bordo is a Canadian and American economist, currently Board of Governors Professor of Economics and Distinguished Professor of Economics at Rutgers University. He is a Research Associate at the National Bureau of Economic Research as well as a Distinguished Visiting Fellow at the Hoover Institution at Stanford University. He is the third most influential economic historian worldwide according to the RePEc/IDEAS rankings. He was a student of Milton Friedman and has co-authored numerous books and articles with Anna Schwartz.

References

  1. "Vitae: J. Bradford DeLong". National Bureau of Economic Research. Retrieved 12 March 2015.
  2. "J. Bradford DeLong". University of California, Berkeley. Retrieved 12 March 2015.
  3. "This Is Brad DeLong's Grasping Reality...: Brad DeLong's Short Biography" . Retrieved 2014-04-28.
  4. "The Economists' Voice". Bepress.com. Retrieved 2014-04-28.
  5. "J. Bradford DeLong". Project Syndicate. Retrieved 2021-03-21.
  6. Beauchamp, Zack (March 4, 2019). "A Clinton-era centrist Democrat explains why it's time to give democratic socialists a chance". Vox . Vox Media . Retrieved 2019-12-01.
  7. David Wessel, In Fed We Trust: Ben Bernanke's War on the Great Panic, page 4. Crown Business, 2009.
  8. "A $1.12 Million Bet on the Berkeley, CA Housing Market". This Is Brad DeLong's Grasping Reality... 2012-01-23. Retrieved 2014-04-28.
  9. "One Page Biography James Bradford DeLong". Brad DeLong. Archived from the original on 2010-06-24. Retrieved 2010-10-20.
  10. "Ann Marie Marciarille » Faculty Directory - UMKC School of Law". law.umkc.edu. Retrieved 29 October 2017.
  11. "Brad DeLong : J. Bradford DeLong's Academic CV". Delong.typepad.com. Retrieved 2014-04-28.