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 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 t ...

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 Re ...

under Lawrence Summers.

Education

DeLong graduated from Harvard College 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 area, including MIT, Boston University, and Harvard University, from 1987 to 1993. He was a

John M. Olin John Merrill Olin (November 10, 1892 – September 8, 1982) was an American businessman. He was the son of Franklin W. Olin. Early life Born in Alton, Illinois, Olin graduated from Cornell University with a B.Sc. degree in chemistry and as a br ...

Fellow at the National Bureau of Economic Research 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

in Washington, D.C. As an official in the Treasury Department in the

Clinton Clinton is an English toponymic surname, indicating one's ancestors came from English places called Glympton or Glinton.Hanks, P. & Hodges, F. ''A Dictionary of Surnames''. Oxford University Press, 1988 Clinton has frequently been used as a given ...

administration, he worked on the 1993 federal budget, the unsuccessful health care reform effort, and other policies, and on several trade issues, including the Uruguay Round 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 pre ...

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 of the National Bureau of Economic Research (NBER), a visiting scholar at the Federal Reserve Bank of San Francisco, 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 lat ...

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'', 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 Martha Louise Olney (born November 27, 1956) is a teaching professor of economics (2002–present) at the University of California, Berkeley. She is a winner of local and national teaching awards, and has authored several leading undergradua ...

. 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 Republican can refer to: Political ideology * An advocate of a republic, a type of government that is not a monarchy or dictatorship, and is usually associated with the rule of law. ** Republicanism, the ideology in support of republics or agains ...

willing to work toward such goals. Instead, DeLong said, he favored "

Medicare-for-all Single-payer healthcare is a type of universal healthcare in which the costs of essential healthcare for all residents are covered by a single public system (hence "single-payer"). Single-payer systems may contract for healthcare services from ...

, 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." DeLong is an active blogger on political and economic issues and media criticism.

Personal life

DeLong lives in

Berkeley Berkeley most often refers to: *Berkeley, California, a city in the United States **University of California, Berkeley, a public university in Berkeley, California * George Berkeley (1685–1753), Anglo-Irish philosopher Berkeley may also refer ...

, 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, t ...

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'', 2000)
"Asset Returns and Economic Growth"
(''Brookings Papers on Economic Activity'', 2005; co-authored with Dean Baker and Paul Krugman)
"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)
"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)

Education

Career

Personal life

Publications

References

External links