23 January 2019

J. Bradford DeLong

Former deputy assistant secretary of the US Treasury, is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research.
  • Until 2006, the number of manufacturing jobs decreased while construction jobs increased. And in 2006 and 2007, losses of residential construction jobs were offset by an increase in blue-collar jobs. Photo: Bloomberg

    Where US manufacturing jobs really went

    - May 4, 2017 12:44pm
    In the two decades from 1979 to 1999, the number of manufacturing jobs in the United States drifted downward, from 19 million to 17 million. But over the next decade, between 1999 and 2009, the number...
  • It is unhelpful to stoke fears about robots and to frame the issue as “artificial intelligence taking American jobs”. Photo: Bloomberg.

    Artificial intelligence and artificial problems

    - Apr 5, 2017 11:27am
    Former US Treasury secretary Larry Summers recently took exception to current US Treasury Secretary Steve Mnuchin’s views on artificial intelligence (AI) and related topics. The difference between the two seems to be, more than anything else,...
  • Today, more than four billion people with smartphones, tablets, and televisions enjoy a form of on-demand entertainment that was once reserved for absolute monarchs. Photo: TuneChef

    Rethinking productivity growth

    - Mar 6, 2017 10:50am
    Today, the world’s population is, on average, about 20 times richer than it was during the long Agrarian Age. Between 7000 BC and AD 1500, resources were scarce, technological progress was slow, and Malthusian pressures kept...
  • The Federal Reserve's criteria for changing interest rates are for the most part unstated and unclear, making it difficult to predict how it will act. Photo: Reuters

    Uncertainty at the Fed

    - Jun 1, 2016 9:39am
    The US Federal Reserve is increasingly at risk of losing credibility – and for good reason. As Narayana Kocherlakota, former president of the Federal Reserve Bank of Minneapolis, recently argued, Fed officials seem be balancing their...
  • US wages have stagnated because politicians have failed to implement policies to manage the effects of globalization. Photo: Reuters

    Just who’s to blame for America’s income inequality?

    - Apr 1, 2016 9:25am
    One does not need to be particularly good at hearing to decipher the dog whistles being used during this year’s election campaign in the United States. Listen even briefly and you will understand that Mexicans and...
  • The feeling of well-being we derive from information technology is being negated by the envy and spite that result from living in a world that is more unequal than ever. Photo: Internet

    How the internet is making inequality more visible than ever

    - Nov 26, 2014 8:48am
    The conclusion that America has become vastly more unequal over the past 35 years is beyond doubt. Since 1979, the pattern has been clear: The richer you were, the far richer you have become. And if...
  • Welding robots work on cars at a Ford factory in Rayong, Thailand. What really matters is whether the jobs outside of the robot-computer economy remain valuable and in high demand. Photo: Bloomberg

    The rise of robots

    - Oct 6, 2014 2:00pm
    For decades, people have been predicting how the rise of advanced computing and robotic technologies will affect our lives. On one side, there are warnings that robots will displace humans in the economy, destroying livelihoods, especially...
  • Discussions of inequality would be better served if they focused on human wellbeing and useful incentives. Photo: Bloomberg

    Unjust deserts

    - Jun 9, 2014 8:58am
    The best review of Thomas Piketty’s “Capital in the Twenty-First Century” that I have read so far is the one published by my friend and frequent co-author Lawrence Summers in Michael Tomasky’s journal Democracy. Go read...
  • Illustration: Project Syndicate

    The Right’s Piketty Problem

    - May 12, 2014 8:24am
    In the online journal The Baffler, Kathleen Geier recently attempted a roundup of conservative criticism of Thomas Piketty’s new book “Capital in the Twenty-First Century”. The astonishing thing to me is how weak the right’s appraisal...

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