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James Bradford "Brad" DeLong (born June 24, 1960) is an economic historian who is a professor of economics at the
University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant univ ...
. DeLong served as Deputy Assistant Secretary of the
U.S. Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...
in the
Clinton Administration Bill Clinton's tenure as the 42nd president of the United States began with his first inauguration on January 20, 1993, and ended on January 20, 2001. Clinton, a Democrat from Arkansas, took office following a decisive election victory over ...
under
Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...
.


Education

DeLong graduated from
Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...
in 1982, and also received an M.A. and a Ph.D. in economics also from Harvard. He then taught economics at universities in the
Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most p ...
area, including
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
,
Boston University Boston University (BU) is a Private university, private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with ...
, and
Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
, from 1987 to 1993. He was a John M. Olin Fellow at the
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...
in 1991–1992.


Career

DeLong joined UC Berkeley as an associate professor in 1993. From April 1993 to May 1995, he served as Deputy Assistant Secretary for Economic Policy at the
U.S. Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...
in
Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, Na ...
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 other policies, and on several
trade Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct excha ...
issues, including the
Uruguay Round The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1993 and embracing 123 countries as "contracting parties". The R ...
of the
General Agreement on Tariffs and Trade The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its prea ...
and the
North American Free Trade Agreement The North American Free Trade Agreement (NAFTA ; es, Tratado de Libre Comercio de América del Norte, TLCAN; french: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that crea ...
. He became a full professor at Berkeley in 1997 and has been there ever since. DeLong has been a
research associate Research associates are researchers (scholars and professionals) that usually have an advanced degree beyond a Master's degree. In some universities/research institutes, such as Harvard/Harvard Medical School/Harvard School of Public Health, the ...
of the
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...
(NBER), a visiting scholar at the
Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, ...
, and an
Alfred P. Sloan Alfred Pritchard Sloan Jr. ( ; May 23, 1875February 17, 1966) was an American business executive in the automotive industry. He was a long-time president, chairman and CEO of General Motors Corporation. Sloan, first as a senior executive and la ...
Research Fellow. Along with
Joseph Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the Joh ...
and
Aaron Edlin Aaron S. Edlin (born 1967) 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 ar ...
, DeLong is co-editor of ''
The Economists' Voice The Economists' Voice is a publishing forum for professional economists that seeks to fill the gap between op-ed pages of newspapers and scholarly journal articles. Published by Walter de Gruyter, the forum brings to bear scholarly work and acade ...
'', and has been co-editor of the ''
Journal of Economic Perspectives The ''Journal of Economic Perspectives'' (JEP) is an economic journal published by the American Economic Association. The journal was established in 1987. It is very broad in its scope. According to its editors its purpose is: #to synthesize and i ...
''. He is also the author of a textbook, ''Macroeconomics'', the second edition of which he coauthored with Martha Olney. He co-edited (with
Heather Boushey Heather Marie BousheyThe New York Times''Weddings/Celebrations; Heather Boushey, Todd Tucker'' accessed August 25, 2011. (born 1970) is an American economist. Boushey currently serves as a member of President Joe Biden's Council of Economic Adv ...
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 Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wi ...
. In 1990 and 1991, DeLong and Lawrence Summers co-wrote two theoretical papers that became 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 politically unattainable because of the lack of Republicans willing to work toward such goals. Instead, DeLong said, he favored " Medicare-for-all, funded by a
carbon tax A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more seve ...
, with a whole bunch of
Universal Basic Income Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of an ...
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." DeLong is an active
blogger A blog (a Clipping (morphology), truncation of "weblog") is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in Reverse ...
on political and economic issues and media criticism.


Personal life

DeLong lives in Berkeley, California, with his wife, Ann Marie Marciarille, a professor of law (specializing in healthcare law) at the
University of Missouri-Kansas City A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the ...
.


Publications

* ''Slouching Towards Utopia'' (2022 Basic Books -- 605 pp economic history from 1870 through 2010 detailing phenomenal growth in wealth and failure to achieve social justice.)
"Noise Trader Risk in Financial Markets"
(''Journal of Political Economy'', 1990; co-authored with Andrei Shleifer, Lawrence Summers, and Robert Waldmann)

(''Quarterly Journal of Economics'', May 1991; co-authored with Lawrence Summers)

(''Foreign Affairs'', 1996; co-authored with Christopher DeLong and Sherman Robinson)

(''Journal of Law and Economics'' 1993; co-authored with
Andrei Shleifer Andrei Shleifer ( ; born February 20, 1961) 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 ...
) * "The Marshall Plan: History's Most Successful Structural Adjustment Programme" (in R. Dornbusch et al., eds., ''Postwar Economic Reconstruction and Lessons for the East'', Cambridge: M.I.T., 1993; co-authored with Barry Eichengreen)
"Between Meltdown and Moral Hazard: The International Monetary and Financial Policy of the Clinton Administration"
(co-authored with Barry J. Eichengreen)
"Review of ''Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain''"
(''Journal of Economic Literature'', 2002)
"The Triumph of Monetarism?"
(''
Journal of Economic Perspectives The ''Journal of Economic Perspectives'' (JEP) is an economic journal published by the American Economic Association. The journal was established in 1987. It is very broad in its scope. According to its editors its purpose is: #to synthesize and i ...
'', 2000)
"Asset Returns and Economic Growth"
(''Brookings Papers on Economic Activity'', 2005; co-authored with
Dean Baker Dean Baker (born July 13, 1958) is an American macroeconomist who co-founded the Center for Economic and Policy Research (CEPR) with Mark Weisbrot. Baker has been credited as one of the first economists to have identified the 2007–08 United St ...
and
Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was th ...
)
"Productivity Growth in the 2000s"
(''NBER Macroeconomics Annual'' 2003)
"The New Economy: Background, Questions, Speculations"
(''Economic Policies for the Information Age'', 2002; co-authored with
Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...
)
"Speculative Microeconomics for Tomorrow's Economy"
(''First Monday'', 2000; co-authored with Michael Froomkin)
"America's Peacetime Inflation"
(in ''Reducing Inflation'', 1998)

(''Journal of Economic Perspectives'', 1996)

(''Journal of Economic History'', June 1992)

(''Journal of Economic History'', September 1991; co-authored with Andrei Shleifer)


References


External links


"Brad DeLong's Egregious Moderation"

''Journal of Economic Perspectives''

''The Economists' Voice''

"The Order of the Shrill"
*
DeLong Today - Web Series

Brad DeLong's Grasping Reality
* {{DEFAULTSORT:Delong, J. Bradford 1960 births Living people Economists from California New Keynesian economists American male bloggers American bloggers Boston University faculty Clinton administration personnel Harvard Graduate School of Arts and Sciences alumni Harvard University faculty Writers from Boston People from Contra Costa County, California University of California, Berkeley College of Letters and Science faculty 20th-century American economists 21st-century American economists 21st-century American non-fiction writers Economists from Massachusetts