J. Bradford DeLong's Blog, page 2214

September 1, 2010

In Which I Correct an Error in My "Bring Your Genes to Cal" Post of 8/29/2010

Dean Mark Schissel makes me smarter by emailing to say that I am working off of wrong and out-of-date information. It looks as though at least one of my fears is groundless: insurance companies are not likely take genetic information about folic acid metabolism and use it to deny coverage because women with the genetic marker are more likely to have babies with neural tube defects like spina bifida. The apparent association found appears to be a “false positive”:




[Because:] the MTHFR...

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Published on September 01, 2010 18:06

Christie Romer: The Only Surefire Way for Policymakers to Substantially Increase Aggregate Demand in the Short Run Is for the Government to Spend More and Tax Less

Christina D. Romer says goodbye to Washington:




Not My Father’s Recession: The Extraordinary Challenges and Policy Responses of the First Twenty Months of the Obama Administration: The first recession I really remember was that in 1981-82. I began graduate school just as the economy peaked. Over the next year and a half, output plummeted and unemployment rose dramatically.
That recession was personal. My father lost his job at a chemical plant in the spring of 1983, shortly after the...

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Published on September 01, 2010 15:00

UC Berkeley Webcasts and File Uploads: J. Bradford DeLong: Economics 1, Fall 2010

Three audio files of the first Econ 1 lecture: Lecture 1, August 30: Introduction to Macroeconomics.





One at:







Economics 1, 001:





The others at:







Download 20100830 Econ 1 LS | Download 20100830 Econ 1 SP





Comments on audio quality?





The consensus seems to be that the "SP" files are the best...









File Uploads:





Summer Reading Assignment

Syllabus

Essay 1 Assignment





August 30: Introduction to Macroeconomics: Audio | Slides | Notes







Articles for...
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Published on September 01, 2010 14:16

There Is in Economics a Peculiar Tenacity of Error--a Perpetual Principle of Resuscitation in Slain Absurdity...

Economics of Contempt:




The Unofficial List of Pundits/Experts Who Were Wrong on the Housing Bubble: 1. Alan Reynolds 2. Kevin Hassett 3. James K. Glassman 4. Jude Wanniski 5. Jerry Bowyer 6. Nicolas P. Restinas 7. Jim Cramer 8. Christopher Flanagan 9. Neil Barsky 10. Chris Mayer 11. Jonathan McCarthy and Richard W. Peach 12. David Malpass 13. Steve Forbes 14. Brian S. Wesbury 15. Noel Sheppard 16. Carl Steidtmann 17. John K. McIlwain 18. Margaret Hwang Smith 19. Charles Himmelberg 20...

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Published on September 01, 2010 09:28

Bill Dickens versus the Signaling Model of Education

Courtesy of Brian Caplan:







Bill Dickens versus the Signaling Model of Education: I take it that you think that nearly all of the value of schooling is signaling? I used to take that view too, but the accumulation of evidence that I've seen leads me to believe that isn't the case.





For one thing I find it very hard to believe that we would waste so many resources on a nearly unproductive enterprise. There are plenty of entrepreneurs out there trying to make money by selling...

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Published on September 01, 2010 09:22

Liveblogging World War II: September 1, 1940

Air Vice Marshall Keith Park:







September 1st 1940: Contrary to general belief and official reports, the enemy's bombing attacks by day did extensive damage to five of our forward aerodromes and also to six of our seven sector [radar:] stations. There was a critical period when the damage to sector stations and our ground organization was having a serious effect on the fighting efficiency of the squadrons, who could not be given the same good technical and administrative service as...

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Published on September 01, 2010 09:13

George Evans of U. Oregon Teaches His Masterclass on the Stability of General Equilibrium Macro Models Under Plausible Rules for Learning About How the World Works

George performes a great service here, and so does Mark Thoma by putting it up on his Economist's View:







Economist's View: The Dynamic Properties of New Keynesian Models with Learning: [This one is, as they say, wonkisk.:] As James Bullard noted in the previous post, we "have one of the world's experts on the question of the dynamics" of dynamic stochastic general equilibrium (DSGE) models here at the University of Oregon, particularly models that involve learning. There has been...

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Published on September 01, 2010 08:46

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