Noted for the Morning of October 20, 2015

Must- and Should-Reads:

• Mark Thoma: The Lofty Promise and Humble Reality of International Trade
• Martin Sandbu: “In response to Federal Reserve vice-chairman Stanley Fischer’s latest speech, Brad DeLong succinctly explains why the challenge of reducing interest rates below zero means central banks should optimally aim to stay behind the curve rather than ahead of it–that is to say, better tighten too late than too soon…”
• Paul Krugman: “It’s also worth noting the difference in perspective that comes from having your original intellectual home in international versus domestic macroeconomics. I would say that Brainard’s experience is dominated not so much by the Great Moderation as by the Asian financial crisis and Japan’s stagnation; internationally oriented macro types were aware earlier than most that Depression-type issues never went away…”
• Francesco Saraceno: “Inflation-targeting central banks, like the ECB, de facto target the output gap, but timidly and without explicitly saying so. This leads to low reactivity and opaque communication…. Those who followed the EMU policy debate in the past few years will know what I am talking about…. [at] the Fed the opacity results from an ongoing debate on how to best attain an objective that is clear and shared…. The ECB opacity is intrinsically linked to the confusion between its mandate and its actual action, and as such it cannot lead to any meaningful discussion, but just to legalistic disputes…”
• Daniel Bell (1960): The End of Ideology: On the Exhaustion of Political Ideas in the Fifties, with “The Resumption of History in the New Century”
• Albert O. Hirschman: Development Projects Observed
• Paul Krugman: Nutcases and Knut Cases
• Macro Advisors: GDP Tracking
• William Dudley: Too Early to Think About a Rate Rise
• Martin Sandbu: Europe’s Orphan: The Future of the Euro and the Politics of Debt
• W. Arthur Lewis (1978): Evolution of the International Economic Order
• MathBabe’s Guest: Dirty Rant About The Human Brain Project

Might Like to Be Aware of:

• NickS: “Charlie Stross has a good time complaining about the poor script-writing for the 21st century…”
• Laura Ingalls Wilder: The Long Winter
• Erich S. Gruen: The Last Generation of the Roman Republic
• Wikipedia: Socialism with Chinese Characteristics
• Boeing 367-80 – Wikipedia, the free encyclopedia
• La Chanson de Roland
• Marxist Internet Archive: Trotsky eBook Collection
• John Johnson: Geoffrey Marcy: The Long Con
• Jessica Lachenal: Berkeley Department Head Gibor Basri Sends Misguided Letter to Staff About Serial Harasser Geoff Marcy
• Jessica Lachenal: UC Berkeley Astronomy Professor Geoffrey Marcy Violated Sexual Harassment Policies
• Wikipedia: Eric Foner
• Cathryn Lavery**: Nightly Routines and How To Sleep Hack your way to a Productive Morning
• Miriam Burstein: How to Write an Essay About Teaching that Will Not Be Published in the NYT, Chronicle, IHE, or Anywhere Else