Brad DeLong
Brad DeLong

Professor of Economics

University of California, Berkeley

Brad DeLong is a former guest blogger at the Washington Center for Equitable Growth. He is also a professor of economics at the University of California, Berkeley, a research associate of the NBER, and a fellow of the Institute for New Economic Thinking, and was from 1993-1995 a deputy assistant secretary of the U.S. Treasury. He teaches economic history, macroeconomics, economic growth, and occasionally finance, political economy, and principles of economics. He writes, mostly, about the changing nature of the business cycle, the mainsprings of economic growth, the current economy in historical perspective, and the past economy in contemporary perspective.  He received his B.A. in social studies and Ph.D. in economics, both from Harvard University.

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Authored By Brad DeLong

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Brad DeLong: Worthy reads on equitable growth, October 19-25, 2021

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Brad DeLong: Worthy reads on equitable growth, October 13-18, 2021

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Brad DeLong: Worthy reads on equitable growth, October 5-12, 2021

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Brad DeLong: Worthy reads on equitable growth, September 28-October 4, 2021

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Brad DeLong: Worthy reads on equitable growth, September 21-27, 2021

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Brad DeLong: Worthy reads on equitable growth, September 14-20, 2021

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Brad DeLong: Worthy reads on equitable growth, August 31-September 13, 2021

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Brad DeLong: Worthy reads on equitable growth, August 10-16, 2021

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Brad DeLong: Worthy reads on equitable growth, August 3-9, 2021

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Brad DeLong: Worthy reads on equitable growth, July 27-August 2, 2021

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Brad DeLong: Worthy reads on equitable growth, July 20-26, 2021

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Brad DeLong: Worthy reads on equitable growth, July 13-19, 2021

Equitable Recovery

Brad DeLong: Worthy reads on equitable growth, July 7-12, 2021

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Brad DeLong: Worthy reads on equitable growth, June 29-July 6, 2021

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Brad DeLong: Worthy reads on equitable growth, June 22-28, 2021

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Brad DeLong: Worthy reads on equitable growth, June 15-21, 2021

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Brad DeLong: Worthy reads on equitable growth, June 2-7, 2021

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Brad DeLong: Worthy reads on equitable growth, May 25–June 1, 2021

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Brad DeLong: Worthy reads on equitable growth, May 18-24, 2021

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Brad DeLong: Worthy reads on equitable growth, May 11-17, 2021

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Brad DeLong: Worthy reads on equitable growth, May 4-10, 2021

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Brad DeLong: Worthy reads on equitable growth, April 27-May 3, 2021

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Brad DeLong: Worthy reads on equitable growth, April 20-26, 2021

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Brad DeLong: Worthy reads on equitable growth, April 13-19, 2021

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Brad DeLong: Worthy reads on equitable growth, April 6-12 2021

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Brad DeLong: Worthy reads on equitable growth, March 30-April 5, 2021

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Brad DeLong: Worthy reads on equitable growth, March 23-29, 2021

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Brad DeLong: Worthy reads on equitable growth, March 16-22, 2021

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Brad DeLong: Worthy reads on equitable growth, March 9-15, 2021

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Brad DeLong: Worthy reads on equitable growth, March 2-8, 2021

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Brad DeLong: Worthy reads on equitable growth, February 23–March 1, 2021

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Brad DeLong: Worthy reads on equitable growth, February 17-22, 2021

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Brad DeLong: Worthy reads on equitable growth, February 9-16, 2021

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Brad DeLong: Worthy reads on equitable growth, February 2–8, 2021

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Brad DeLong: Worthy reads on equitable growth, January 26–February 1, 2021

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Brad DeLong: Worthy reads on equitable growth, January 20–25, 2021

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Brad DeLong: Worthy reads on equitable growth, January 12–19, 2021

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Brad DeLong: Worthy reads on equitable growth, January 1–11, 2021

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Brad DeLong: Worthy reads on equitable growth, December 15-21, 2020

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Brad DeLong: Worthy reads on equitable growth, December 8-14, 2020

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Brad DeLong: Worthy reads on equitable growth, November 18–December 7, 2020

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Brad DeLong: Worthy reads on equitable growth, November 17–23, 2020

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Brad DeLong: Worthy reads on equitable growth, November 10–16, 2020

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Brad DeLong: Worthy reads on equitable growth, November 3–9, 2020

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Brad DeLong: Worthy reads on equitable growth, October 20–26, 2020

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Brad DeLong: Worthy reads on equitable growth, October 14-19, 2020

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Brad DeLong: Worthy reads on equitable growth, October 6-13, 2020

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Brad DeLong: Worthy reads on equitable growth, September–29 October 5, 2020

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Brad DeLong: Worthy reads on equitable growth, September 22-28, 2020

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Brad DeLong: Worthy reads on equitable growth, September 14-21, 2020

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Brad DeLong: Worthy reads on equitable growth, September 9-14, 2020

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Brad DeLong: Worthy reads on equitable growth, August 31-September 8, 2020

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Brad DeLong: Worthy reads on equitable growth, August 11-17, 2020

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Brad DeLong: Worthy reads on equitable growth, August 4-10, 2020

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Brad DeLong: Worthy reads on equitable growth, July 28-August 3, 2020

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Brad DeLong: Worthy reads on equitable growth, July 21-27, 2020

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Brad DeLong: Worthy reads on equitable growth, July 14-20, 2020

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Brad DeLong: Worthy reads on equitable growth, July 7-13, 2020

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Brad DeLong: Worthy reads on equitable growth, June 27-July 6, 2020

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Brad DeLong: Worthy reads on equitable growth, June 19-26, 2020

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Brad DeLong: Worthy reads on equitable growth, June 9-18, 2020

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Brad DeLong: Worthy reads on equitable growth, June 3-8, 2020

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Brad DeLong: Worthy reads on equitable growth, May 27-June 2, 2020

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Brad DeLong: Worthy reads on equitable growth, May 19-26, 2020

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Brad DeLong: Worthy reads on equitable growth, May 12-18, 2020

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Brad DeLong: Worthy reads on equitable growth, May 5-11, 2020

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Brad DeLong: Worthy reads on equitable growth, April 26–May 4, 2020

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Brad DeLong: Worthy reads on equitable growth, April 19–25, 2020

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Brad DeLong: Worthy reads on equitable growth, April 11–18, 2020

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Brad DeLong: Worthy reads on equitable growth, April 5–11, 2020

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Brad DeLong: Worthy reads on equitable growth, March 28-April 4, 2020

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Brad DeLong: Worthy reads on equitable growth, March 21-27, 2020

Coronavirus Recession

Brad DeLong: Worthy reads on equitable growth, March 14-20, 2020

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Brad DeLong: Worthy reads on equitable growth, March 7-13, 2020

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Brad DeLong: Worthy reads on equitable growth, February 29-March 6, 2020

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Brad DeLong: Worthy reads on equitable growth, February 22-28, 2020

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Brad DeLong: Worthy reads on equitable growth, February 15-21, 2020

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Brad DeLong: Worthy reads on equitable growth, February 8-14, 2020

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Brad DeLong: Worthy reads on equitable growth, February 1-7, 2020

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Brad DeLong: Worthy reads on equitable growth, January 25-31, 2020

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Brad DeLong: Worthy reads on equitable growth, January 18-24, 2020

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Brad DeLong: Worthy reads on equitable growth, January 10-17, 2020

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Brad DeLong: Worthy reads on equitable growth, December 14–20, 2019

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Brad DeLong: Worthy reads on equitable growth, December 7–13, 2019

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Brad DeLong: Worthy reads on equitable growth, November 23–December 6, 2019

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Brad DeLong: Worthy reads on equitable growth, November 16–22, 2019

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Brad DeLong: Worthy reads on equitable growth, November 12–15, 2019

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Brad DeLong: Worthy reads on equitable growth, October 26–November 12, 2019

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Brad DeLong: Worthy reads on equitable growth, October 19–25, 2019

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Brad DeLong: Worthy reads on equitable growth, October 12–18, 2019

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Brad DeLong: Worthy reads on equitable growth, October 5–11, 2019

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Brad DeLong: Worthy reads on equitable growth, September 28–October 4, 2019

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Brad DeLong: Worthy reads on equitable growth, September 23–27, 2019

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Brad DeLong: Worthy reads on equitable growth, September 14–20, 2019

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Brad DeLong: Worthy reads on equitable growth, September 6–13, 2019

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Brad DeLong: Worthy reads on equitable growth, August 31–September 5, 2019

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Brad DeLong: Worthy reads on equitable growth, August 26–30, 2019

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Brad DeLong: Worthy reads on equitable growth, August 16–23, 2019

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Brad DeLong: Worthy reads on equitable growth, August 9–15, 2019

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Brad DeLong: Worthy reads on equitable growth, August 2-8, 2019

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Brad DeLong: Worthy reads on equitable growth, July 26–August 1, 2019

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Brad DeLong: Worthy reads on equitable growth, July 19–25, 2019

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Brad DeLong: Worthy reads on equitable growth, July 12–18, 2019

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Brad DeLong: Worthy reads on equitable growth, July 4–11, 2019

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Brad DeLong: Worthy reads on equitable growth, June 28–July 3, 2019

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Brad DeLong: Worthy reads on equitable growth, June 21–27, 2019

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Brad DeLong: Worthy reads on equitable growth, June 14–20, 2019

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Brad DeLong: Worthy reads on equitable growth, June 7–13, 2019

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Brad DeLong: Worthy reads on equitable growth, May 31–June 6, 2019

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Brad DeLong: Worthy reads on equitable growth, May 24–30, 2019

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Brad DeLong: Worthy reads on equitable growth, May 17–23, 2019

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Brad DeLong: Worthy reads on equitable growth, May 10–16, 2019

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Brad DeLong: Worthy reads on equitable growth, May 3–9, 2019

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Brad DeLong: Worthy reads on equitable growth, April 26–May 2, 2019

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Brad DeLong: Worthy reads on equitable growth, April 19–25, 2019

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Brad DeLong: Worthy reads on equitable growth, April 12–18, 2019

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Brad DeLong: Worthy reads on equitable growth, April 5–11, 2019

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Brad DeLong: Worthy reads on equitable growth, March 29–April 4, 2019

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Brad DeLong: Worthy reads on equitable growth, March 22–28, 2019

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Brad DeLong: Worthy reads on equitable growth, March 15–21, 2019

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Brad DeLong: Worthy reads on equitable growth, March 8–14, 2019

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Brad DeLong: Worthy reads on equitable growth, March 1–7, 2019

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Brad DeLong: Worthy reads on equitable growth, February 22–28, 2019

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Brad DeLong: Worthy reads on equitable growth, February 15–21, 2019

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Brad DeLong: Worthy reads on equitable growth, February 8–14, 2019

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Brad DeLong: Worthy reads on equitable growth, February 1–7, 2019

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Brad DeLong: Worthy reads on equitable growth, January 25–31, 2019

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Brad DeLong: Worthy reads on equitable growth, January 18–24, 2019

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Brad DeLong: Worthy reads on equitable growth, January 11–17, 2019

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Brad DeLong: Worthy reads on equitable growth, January 4–10, 2019

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Brad DeLong: Worthy reads on equitable growth, December 19, 2018–January 3, 2019

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Brad DeLong: Worthy reads on equitable growth, December 13–19, 2018

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Brad DeLong: Worthy reads on equitable growth, December 6–13, 2018

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Brad DeLong: Worthy reads on equitable growth, November 30–December 6, 2018

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Brad DeLong: Worthy reads on equitable growth, November 16–29, 2018

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Brad DeLong: Worthy reads on equitable growth, November 9–15, 2018

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Brad DeLong: Worthy reads on equitable growth, November 2-8, 2018

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Brad DeLong: Worthy reads on equitable growth, October 26–November 1, 2018

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Brad DeLong: Worthy reads on equitable growth, October 19–25, 2018

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Brad DeLong: Worthy reads on equitable growth, October 12–18, 2018

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Brad DeLong: Worthy reads on equitable growth, October 5–11, 2018

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Brad DeLong: Worthy reads on equitable growth, September 28–October 4, 2018

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Brad DeLong: Worthy reads on equitable growth, September 21–27, 2018

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The Federal Reserve is set to raise interest rates again for probably all the wrong reasons

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Brad DeLong: Worthy reads on equitable growth, September 14–20, 2018

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Brad DeLong: Worthy reads on equitable growth, September 7–13, 2018

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Brad DeLong: Worthy reads on equitable growth, August 31–September 6, 2018

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Brad DeLong: Worthy reads on equitable growth, August 24–30, 2018

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Brad DeLong: Worthy reads on equitable growth, August 17–23, 2018

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Brad DeLong: Worthy reads on equitable growth, August 10–16, 2018

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Brad DeLong: Worthy reads on equitable growth, August 3–9, 2018

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Brad DeLong: Worthy reads on equitable growth, July 26–August 2, 2018

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Brad DeLong: Worthy reads on equitable growth, July 20–26, 2018

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Brad DeLong: Worthy reads on equitable growth, July 13–19, 2018

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Brad DeLong: Worthy reads on equitable growth, July 5-12, 2018

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Brad DeLong: Worthy reads on equitable growth, June 29-July 5, 2018

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Brad DeLong: Worthy reads on equitable growth, June 22-28, 2018

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Looking back over the past six years of Equitable Growth

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The lack of Federal Reserve maneuvering room is very worrisome

Tax & Macroeconomics
TOPICS: Monetary Policy
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Brad DeLong: Worthy reads on equitable growth, June 15-21, 2018

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Unemployment and inflation once again…

Tax & Macroeconomics
TOPICS: Monetary Policy
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Brad DeLong: Worthy reads on equitable growth, June 8-14, 2018

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Brad DeLong: Nick Bunker on full employment in the United States

Labor
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Brad DeLong: Worthy reads on equitable growth, June 1-7, 2018

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Brad DeLong: Worthy reads on equitable growth, May 25-31, 2018

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Brad DeLong: Worthy reads on equitable growth, May 18-24, 2018

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Galbraithian economics: Countervailing power edition

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Brad DeLong: Worthy reads on equitable growth, May 10-17, 2018

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The extremely intelligent Martin Wolf reviews Maria Mazzucato. I blush to say that her book is still in the pile—I have not read it yet: Martin Wolf: Who creates a nation’s economic value?

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How do we write regulations that constrain aggregators that want to hack our brain and attention and empower platforms that enable us to accomplish what we prudently judge our purposes to be when we are in our best selves?: Ben Thompson: Tech’s two philosophies

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I agree with Noah Smith and with the Economist here: Noah Smith: OK, so The Economist has an ongoing series of articles about the shortcomings of the economics profession

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Will the Trump Fed be “normal”?: Ken Rogoff: Donald Trump’s normal Fed

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The behavior of the Federal Reserve remains a puzzle: Tim Duy: Set to stay on current path

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Only 81% of “Initial Coin Offerings” created by “con artists, charlatans, and swindlers”? What are the other 19%?: Nouriel Roubini: Initial coin scams

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The Brexiters never had a plan for what they would do if they won the referendum. And they still don’t: Robert Hutton stuck in the middle: These are Theresa May’s four Brexit options

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Anecdotes trump data for what I wish were a surprisingly large proportion of male American economists: Economist: Barriers to entry

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This is the year Post-Great Recession America falls behind Post-Great Depression America in recovery

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To What Extent Is Shenzhen Already the Leading Global Microscale Hardware Community of Engineering Practice: Ken Rogoff: Will China Really Supplant US Economic Hegemony?

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Noah Smith: Remember Karl Marx for the many things he got wrong

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Alex Bell et al.: Who becomes an inventor in America? The importance of exposure to innovation

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Noah Smith: Supply and Demand Does a Poor Job of Explaining Depressed Wages

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National Taxpayers Union: More Than 1,100 Economists Join NTU to Voice Opposition to Tariffs, Protectionism

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Paul Krugman: Immaculate Inflation Strikes Again

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Interest rates are telling us that the debt is too low: that there are too few safe assets in the world, and that more U.S. Treasury debt would be very valuable in this world: Alan J. Auerbach, William G. Gale, and Aaron Krupkin: THE FEDERAL BUDGET OUTLOOK: EVEN CRAZIER AFTER ALL THESE YEARS

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The extremely sharp Joe Romm: Trump voters hurt most by Trump policies, new study finds: “Failure to stop business-as-usual global warming will deliver a severe economic blow to Southern states

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The well-worth reading Ryan Cooper trolls me: Ryan Cooper: It’s time to normalize Karl Marx

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The highly-estimable Steve Randy Waldmann hoists the banner of “employment for societal usefulness, not for profit”. Smart guy: Steve Randy Waldman: Smile

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Economic history becomes big data: Ran Abramitzky, Roy Mill, and Santiago Pérez: Linking individuals across historical sources: A fully automated approach

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As chief acolyte of the “hysteresis view”, I must protest!: Benoît Cœuré: Scars that never were? Potential output and slack after the crisis

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Kevin Bryan: The 2018 John Bates Clark: Parag Pathak

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Mark Thoma on the 2009-2015 Dark Age of macroeconomics: Weekend Reading

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Paul Krugman (2012): Economics in the crisis: Weekend Reading

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To a large extent the power of NIMBYism springs from the right-wing tax revolt of the 1980s: Issi Romem: America’s new metropolitan landscape: Pockets of dense construction in a dormant suburban interior

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We call them “AI”, but that confuses and distracts us: Michael Jordan: Artificial Intelligence—The revolution hasn’t happened yet

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Post-1500 Ottoman retardation and chronic plague?: Ulysse Colonna: Infectious, elegant and maybe wrong: Sketch for an explanation of the long divergence

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Trump is making more things wrong with Kansas: Joshua Green: Chinese sorghum tariffs will hit hard in Trump-friendly Kansas

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Why are such smart authors playing such small ball?: Abigail Wozniak and Jay Shambaugh: Why we need to help kids go to college wherever they want

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More evidence minimum wage laws blunt employer monopsony: Kevin Rinz and John Voorheis: The distributional effects of minimum wages

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Our Press corps appears to annoy FRBM head: Neel Kashkari: The extreme emotions around the labor market

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Out of the frying pan into the fire: Government as the problem in the 1970s and 1980s: Martin Feldstein (1979): Introduction to the American economy in transition

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Should-read: Alessandro Nicita, Marcelo Olarreaga, and Peri da Silva: A trade war will increase average tariffs by 32 percentage points

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Trump’s advisors recognize that his China tariff strategy calls for… What might you call it? A “Trans-Pacific Partnership”, perhaps?

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The rise of the Roman Empire was not due to wild dissipative partying: A.W. Lintott (1972): Imperial expansion and moraldsecline in the Roman republic

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If you did not read this a year and a half ago, go read it now: Emmanuel Saez (2016): Taxing the rich more—evidence from the 2013 federal tax increase

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Imposing tariffs on intermediate inputs is especially bad: Chad Brown: The element of surprise is a bad strategy for a trade war

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We are not yet at maximum feasible employment: Jared Bernstein: Employment breakeven levels: They’re higher than most of us thought

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Without short selling, the current price of a speculative asset is the expected maximum valuation that will ever be given it by the non-forward looking: Noah Smith: Lessons on bubbles from Bitcoin

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@#$#@!*&%%!! Ana Swanson: Trump proposes rejoining Trans-Pacific Partnership to shield farmers from trade war