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Grasping Reality by Brad DeLong
Archives Highlighted Previous Edit COVID Market for Man Slavery 20th C. Reading 'Chicago'

Grasping Reality by Brad DeLong

Economics Teaching Master

  • This Page: http://www.bradford-delong.com/-_housekeeping_-this-page-edit-this-page.html
  • Edit This Page: http://www.typepad.com/site/blogs/6a00e551f08003883400e551f080068834/page/6a00e551f08003883401bb0955324c970d/edit?saved=1

  • Econ 101b Spring 2018: TTh 8-9:30 AM Cory 277 (120) [LATI 105 TTh 17:00, LCNT 385 TTh 18:00, CORY 289 WM 15:00, LCNT 385 WM 16:00

  • Econ 113 Spring 2018: MW 17-18:30 HMMB 390 (150) [LATI 105 Th 08:00, ILDB 51 Th 12:00, STAN 179 Th 13:00, HGYM 245 M 08:00, BARR 587 M 09:00, EVAN 2 M 10:00]
  • Econ 210b Spring 2018: T 16-17:30 Evans 639
  • Open Access http://delong.typepad.com/main/open-access.html
    • BA 130 https://web.archive.org/web/19970218190200/http://econ161.berkeley.edu:80/Teaching_Folder/BA_130_F96/BAonethirty.html
    • 202a https://web.archive.org/web/19970629133915/http://econ161.berkeley.edu:80/Teaching_Folder/Econ_202a.html
    • 115 https://web.archive.org/web/19970218190229/http://econ161.berkeley.edu:80/TCEH/TCEH.html
    • 210a https://web.archive.org/web/19970219013158/http://econ161.berkeley.edu:80/Teaching_Folder/Econ_210a_F95/historyeconasyllabus.html
    • 100b https://web.archive.org/web/19970218190253/http://econ161.berkeley.edu:80/Teaching_Folder/Econ_100b_S96/Econ_100b_Spring96.html
    • 107 http://delong.typepad.com/berkeley_econ_101b_spring/
    • 236 http://www.bradford-delong.com/2003/01/economics_236_y.html
    • L. Dee Fink: A Self-Directed Guide to Designing Courses for Significant Learning https://www.deefinkandassociates.com/GuidetoCourseDesignAug05.pdf

  • 80-Minute Lecture Skeleton

+ + + +

BEFORE CLASS BEGINS

  • UCB Gold Folder: http://delong.typepad.com/2017-09-03-ucb_goldfolder.pdf

Technology, etc.: 2017-08-13 Introduction to Technology in Coursework....ipynb https://www.icloud.com/keynote/0yKJfOMN5SvDtK_K7tjWAstcA

  • Calculations, Problem Sets, etc...
  • Buy your iClicker2. Register it. Bring it to the first (and all subsequent) classes

Syllabus, etc.:

  • Familiarize yourself with the components of the Syllabus (link):
    • Course administration skeleton link
    • Course topics, readings, assignments, and exams (link)
    • Course communication:
      • Brad DeLong office hours: physical and virtual: Evans 691A/Blum Center 220C/César E. Chávez Student Learning Center TBD/delong@econ.berkeley.edu> | TBD
      • GSIs office hours
      • Other resources

 

  • Possible Initial Orienting Readings
  • Possible Diagnostic Quizzes
  • Possible Initial Assignments

 

  • Optional Topic: Thinking Like an Economist | key

+ + + +

INTRODUCTION

People and Logistics Introduction: Who Are You?

  • Exercise: Who Are You?
  • Logistics

Wrapup:

  • Exercise: [Analyzing Growth][]
  • Q & A
  • One-Minute Paper...

Subject Introduction: BIG IDEAS: The Multi-Millennial Perspective, The Story, Big Ideas, Math of Growth, Who Are You?

  • Readings:
    • Paul David (1985): Clio and the Economics of QWERTY | Reading Note for David: Clio(/2017/01/reading-paul-david-2005-clio-and-the-economics-of-qwerty.html)
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 1 http://amzn.to/2hgm8XB | Reading Note for Allen: Global 1
  • Tools: Understanding the Math of Growth
  • Exercise: Who Are You?
  • Lecture: Big Ideas
    • 20th Century Economic History: The Multimillennial Perspective—pages | The Multimillennial Perspective—key | Notes: The 20C in Multimillennial Perspective | 10 1/2 BIG IDEAS | The Grand Narrative of 20th Century Economic History
      • 1 Page Handout: 20C BIG IDEAS
    • American Economic History Big Ideas | The Story of American Economic History

Wrapup:

  • Exercise: BIG IDEAS EXERCISE
  • Q & A
  • One-Minute Paper...

Tools Introduction: Math of Growth

  • Tools: Understanding the Math of Growth

Wrapup: * Exercise: Analyzing Growth Exercise * Q & A * One-Minute Paper...


The Uses of a Liberal Education

  • Lecture: Practical Uses: This Is Berkeley
  • Lecture: Moral Uses: The Uses of a University
  • Readings:
    • Kantorowicz: The Fundamental Issue: Documents and Marginal Notes on the University of California Loyalty Oath
    • DeLong: The Economist as...?: The Public Square and Economists
      • Very optional: http://www.bradford-delong.com/2007/10/monthly-review-.html | http://www.j-bradford-delong.net/movable_type/2004_archives/000386.html | http://www.bradford-delong.com/2008/05/what-does-john.html | https://play.google.com/books/reader?id=Ga7jCxf1fZAC

+ + + +

DEEP ECONOMIC HISTORY 70000 BC-?

  • Lecture: Economic Growth since Deep Time https://www.icloud.com/keynote/01gorsOUVfvIZFgP5lLsPjiFw
  • Review: Big Ideas

    • 20C https://www.icloud.com/keynote/04xf1CiR3OBvox2btMtgy5c4g
  • Human evolution and human sociability

    • Gift exchange, market economies, lineages, and other control devices
      • Assignment Desk: What Are the Best Readings for a Week Spent Teaching James C. Scott-Stuff? http://www.bradford-delong.com/2017/07/assignment-desk-what-are-the-best-readings-for-a-week-spent-teaching-james-c-scott-stuff.html
  • The Agrarian Age
    • Plow, sword, and book
    • Malthus and Technology
    • Readings: Jared Diamond (1997): The Worst Mistake in the History of the Human Race http://tinyurl.com/dl20161210a; Robert Allen: Global Economic History: A Very Short Introduction, chapter 2; Patricia Crone: Pre-Industrial Societies, chs. 1-2
  • Exercises: exponential, convergent and logistic growth
  • Post-Agrarian Humanity
    • Gunpowder Empires
    • Industrial Revolution
    • Modern Economic Growth
    • After today: Singularities? Stasis? The Great Filter?

  • Reading List for the "Classical" Mediterranean Economy

EUROPE SPREADS OUT 1500-2000 [4]

  • Structured Review: The long arc of human economic history (113)
  • Our destiny--Malthus banished or delayed, and where is the Great Filter? (113 115)
  • Why is there even a western European civilization in the first place? (113)
  • Integrated social power--political, maritime, commercial, religious, technological--Venice and Genoa--and seaborne empires (113)
  • Tools: supply, demand, and surplus
  • Guns, germs, and steel (113)
    • Reading: Jared Diamond

PLUNDER AND SETTLEMENT (113) [5,-]

  • Structured Review: the role of the university in a free society
  • Why not up the Mississippi?
  • New England settler colonies
  • Exercises: economic growth--filling up the Americas
  • Slavery: extractive and developmental institutions
  • Tools: economic rents
    • Reading: John Winthrop: A City Upon a Hill

POLITICAL REVOLUTION, ECONOMIC REVOLUTION, AND HAMILTON [6,-]

  • Structured Review: deep economic history
  • Why the American Revolution?
  • What kind of America afterwards?
  • Exercises: supply, demand, and surplus
  • The Hamiltonian Road...
  • Tools: externalities and growth

COMMERCIAL REVOLUTION 1500-1800 [-,5]

  • Structured Review: the role of the university in a free society
  • Our destiny--Malthus banished or delayed?: Robert Allen: Global Economic History: A Very Short Introduction, chapter 2
  • Seaborne empires
  • The acceleration of growth in the enlightenment
  • Exercises: supply, demand, and surplus
  • Exceptional Britain
  • Tools: economic rents

INDUSTRIAL REVOLUTION AND THE COMING OF MODERN ECONOMIC GROWTH 1700-1900 [-,6]

  • Structured Review: deep economic history
  • The Industrial Revolution
    • Why the British Industrial Revolution?: David Landes (2006): Why Europe and the West? Why Not China? http://tinyurl.com/dl20161210b; Robert Allen: Global Economic History: A Very Short Introduction, chapter 3
  • The Coming of Modern Economic Growth
    • Other roads to Modern Economic Growth?
    • Exercises: supply, demand, and surplus
    • The spread and development of British industrial technologies: Robert Allen: Global Economic History: A Very Short Introduction, chapter 4
  • Tools: externalities and growth

THE MODERN STATE

  • The Night-Watchman State, and Other States
    • Assignment Desk: What Are the Best Readings for a Week Spent Teaching James C. Scott-Stuff? http://www.bradford-delong.com/2017/07/assignment-desk-what-are-the-best-readings-for-a-week-spent-teaching-james-c-scott-stuff.html

MODERN ECONOMIC GROWTH 1850-2050 [-,7]

  • Structured Review: Europe spreads out
  • Measurement: William Nordhaus: Do Real-Output and Real-Wage Measures Capture Reality? http://tinyurl.com/dl20161210f
    • Growth in the North Atlantic core
    • New goods and new types of goods: a human-centered growth measure *Causes
    • Industrial research labs
    • Lack of growth outside the North Atlantic: Lant Pritchett (1997): Divergence, Bigtime http://tinyurl.com/dl20161210e
  • Exercises: externalities and growth

GLOBALIZATION AND EMPIRE 1870-1914

  • Structured Review: Industrial Revolution
  • Globalization: Guillaume Daudin et al: Globalization 1870-1914 http://www.economics.ox.ac.uk/materials/working_papers/paper395.pdf
    • Trade, migration, and technology transfer: Robert Allen: Global Economic History, chapters 7 and 8
  • Exercises: economic rents (Piketty)
  • Empire: Robert Allen: Global Economic History, chapters 5 and 6
    • Old empires
    • New empires
  • Tools: national income and expenditure

GILDED AGE, ECONOMIC MANAGEMENT, AND RESISTANCE 1870-1940 [-,8]

  • Structured Review: Industrial Revolution
  • Management and Gilded Age
    • Gold standard and business cycle: Barry Eichengreen: Globalizing Capital, chapters 1 and 2
      • Further Reading: J. Bradford DeLong (2012): This Time, It Is Not Different: The Persistent Concerns of Financial Macroeconomics
    • Gilded Age
  • Exercises: economic rents (Piketty) *Resistance
    • Anti-colonialism
    • Socialism: Karl Marx and Friedrich Engels (1848): The Communist Manifesto, entire http://tinyurl.com/dl20161210h
      • Further Reading: J. Bradford DeLong (2009): Understanding Karl Marx
  • Tools: national income and expenditure

THE KNOT OF WAR AND REVOLUTION 1898-1933 [-,9]

  • Structured Review: Modern Economic Growth *The Coming and Course of World War I: John Maynard Keynes: The Economic Consequences of the Peace, chapters 1 and 2 http://tinyurl.com/dl20161210k
    • The Boer War and Norman Angell: Norman Angell (1909): Europe's Optical Illusion, chapters 6-9 http://tinyurl.com/dl20161210i
    • "The bones of a Pomeranian grenadier"
  • "Busy giddy minds with foreign quarrels"
  • Costs and Revolutions
    • The costs of World War I: John Maynard Keynes: The Economic Consequences of the Peace, chapters 1 and 2 http://tinyurl.com/dl20161210k
    • Revolutions: Vladimir Lenin (1902): What Is to Be Done? http://tinyurl.com/dl20161210n
  • Tools: interest rates, asset prices, and spending

FAILING AT ECONOMIC MANAGEMENT 1918-1940 [-,10]

  • Structured Review: globalization
  • The Economic Consequences of the Peace
    • The economic consequences of the peace: John Maynard Keynes: The Economic Consequences of the Peace, chapters 3, 6, and 7 http://tinyurl.com/dl20161210k
    • The end of laissez faire: John Maynard Keynes: The End of Laissez Faire http://tinyurl.com/dl20161210m
  • The return of the gold standard: The Economic Consequences of Mr. Churchill http://tinyurl.com/dl2016121l
    • Toward the Great Crash
  • Exercises: interest rates, asset prices, and spending

John Maynard Keynes

  • Reading Notes for Robert Skidelsky: "Keynes: A Very Short Introduction" http://www.bradford-delong.com/2017/07/reading-notes-for-robert-skidelsky-keynes-a-very-short-introduction.html

THE GREAT DEPRESSION

  • Structured Review: the knot of war and revolution
  • The Coming of the Great Depression
    • Political paralysis
    • The Great Contraction
  • Exercises: national income and expenditure
  • The Course of the Great Depression: Christina D. Romer: Lessons from the Great Depression for Policy Today http://tinyurl.com/dl20161210j; Barry Eichengreen: Globalizing Capital, chapter 3; John Maynard Keynes (1931): Unemployment as a World Problem http://tinyurl.com/dl20161210p

THE FAILURE OF THE CLASSICAL LIBERAL POLITICAL-ECONOMIC ORDER 1925-1945 [-,11]

  • The Rise of Social Democracy
    • Political backlash through a Polanyian lens in the North Atlantic: George Orwell (1936): The Road to Wigan Pier chapters 1-7 http://tinyurl.com/dl20161210t
  • Weakening Empires
    • The decolonization movement in the Global South: Anthony Smith: Memory and Modernity http://tinyurl.com/dl20161210ax; Ernest Gellner: Scale and Nation http://tinyurl.com/dl20161210s

THE CIVIL WAR AND JIM CROW [7,-]

  • Structured Review: Europe spreads out
  • The cotton gin, slavery, and westward expansion
  • The political economy of Jacksonian America
  • Exercises: economic rents
  • One kind of freedom
  • Tools: national income and expenditure
    • Reading:
      • Abraham Lincoln: House Divided
      • Abraham Lincoln: Inaugural Addresses
      • Frederick Douglass: Abraham Lincoln

MIGRATION AND GILDED AGE [8,-]

  • Structured Review: Hamilton
  • "Bring us your poor..."
  • Railroads and industrial research labs
  • Exercises: economic rents
  • Growth and distribution
  • Tools: interest rates, asset prices, and spending

THE PROGRESSIVE-ERA COURSE CORRECTION--AND WORLD WAR I [9,-]

  • Structured Review: migration
  • The coming of mass production and industrial research labs
  • Dilemmas of antitrust and monopoly
  • Exercises: externalities and growth
  • Populism
  • Progressivism

THE ROARING TWENTIES AND THE GREAT CRASH [10,-]

  • Structured Review: the Civil War
  • Red Scare and retreat from the League of Nations
  • Electrification and Henry Ford
  • The Roaring Twenties
  • Exercises: national income and expenditure
  • The Great Crash
    • Reading:
      • Christina D. Romer: Lessons from the Great Depression for Policy Today http://elsa.berkeley.edu/~cromer/Lessons%20from%20the%20Great%20Depression%20for%20Policy%20Today%20Written.pdf
      • George Orwell: The Road to Wigan Pier chs. 1, 3 https://archive.org/details/roadtowiganpie00orwe

THE NEW DEAL [11,-]

  • Hoover and Roosevelt
  • Try everything--reflation and corporatism
  • Try everything--relief and deficits
  • Exercises: national income and expenditure
  • Social insurance
  • Unfinished business as WWII arrives

THE KNOT OF WAR AND REVOLUTION II 1933-1953 [12,12]

  • Structured Review: the Great Depression
  • Totalitarianism: Rosa Luxemburg: The Russian Revolution http://tinyurl.com/dl20161210aw
    • Hitler: Richard Evans: Immoral Rearmament http://tinyurl.com/dl20161210ay; The Truth About World War II http://tinyurl.com/dl20161210az; What the War Was Really About http://tinyurl.com/dl20161210aaa
    • Stalin
  • Exercises: externalities and growth in the Soviet Union
  • The Course and Costs of WWII
    • The western European war: Taylor Jaworski and Price Fishback: World War II, http://tinyurl.com/dl20161210u
    • The Great Patriotic War
    • Imperial Japan and Nationalist China
    • The costs of WWII

World War II

  • Lecture: World War II http://https://www.icloud.com/keynote/0OMmWtIp_KdUoA1ajcNzu12YQ
    • Readings: Richard Evans (2007): Immoral Rearmament http://tinyurl.com/dl20161210ay; (2012): The Truth About World War II http://tinyurl.com/dl20161210az; (2013): What the War Was Really About http://tinyurl.com/dl20161210aaa https://www.dropbox.com/sh/jq5k2e9l0p075qi/AAAUxj5NSk7r3J417MRHw9Lva; Taylor Jaworski and Price Fishback (2014): World War II, http://tinyurl.com/dl20161210u
    • Readings: 2011: My Very Short Take on World War II... http://www.bradford-delong.com/2017/01/my-very-short-take-on-world-war-ii-hoisted-from-the-archives.html
      • 2017: World War II at the Operational Level: The Fall of France 1940 (Prompted by the Forthcoming Release of "Dunkirk") http://www.bradford-delong.com/2017/07/world-war-ii-at-the-operational-level-the-fall-of-france-1940-prompted-by-the-forthcoming-release-of-dunkirk.html
      • 2000: Review of Gerhard Weinberg, A World at Arms, and Others: "..." http://www.bradford-delong.com/2000/12/review-of-gerhard-weinberg-a-world-at-arms-and-others.html http://www.bradford-delong.com/2017/07/weekend-reading-joshua-micah-marshall-2002-strange-victory.html
      • 2002: The Fall of France, 1940 http://www.j-bradford-delong.net/movable_type/2003_archives/000328.html
        • Josh Marshall (2002): Weekend Reading: Strange Victory
        • 2006: Nick Gillespie Has Had It with Marty Peretz (Lafayette! Nous Sommes Ici! department) http://www.bradford-delong.com/2006/09/nick_gillespie_.html

SOCIAL DEMOCRACY AND MASS PRODUCTION 1930-1980 [13,13]

  • Structured Review: the Gilded Age
  • The Marshall Plan and Thirty Glorious Years
    • The Marshall Plan and after
    • The Thirty Glorious Years
  • Exercises: externalities and growth
  • The Bretton Woods System and Decolonization: Barry Eichengreen: Globalizing Capital, chapter 3; Robert Allen: Global Economic History, chapter 9
    • The Bretton Woods system
    • Decolonization
  • Tools: social planning

CIVIL RIGHTS [14,-]

  • Structured Review: The New Deal
  • The lagging South
  • The move north--and the urban ghetto
  • Exercises: externalities and growth
  • Did the Civil Rights Movement come a generation too late?
  • Tools: inflation and unemployment
    • Reading:
      • Martin Luther King, Jr.:
      • William Julius Wilson:

THE CENTRAL PLANNING DETOUR 1918-1991 [-,14]

  • Structured Review: consumer and producer surplus
    • Soviet Economic Growth: Robert Allen: The Rise and Decline of the Soviet Economy http://tinyurl.com/dl20161210v
    • N.S. Khrushchev: "We will bury you"
    • Red Plenty
  • Exercises: the pointlessness of a planned economy
  • Soviet Economic Stagnation: Richard Ericson: The Classical Soviet-Type Economy http://tinyurl.com/dl20161210ab
    • The Brezhnev Era and the Cold War
  • Tools: inflation and unemployment

FAILURES OF "CONVERGENCE" 1870-1980 [-,15]

  • Structured Review: mass production
  • The Great Divergence
    • "Spreading a net of railways..."
    • Rent-seeking and import substitution
    • Demographic burdens
  • Exercises: non-convergent growth
  • Exceptions: Dani Rodrik: Getting Interventions Right: How South Korea and Taiwan Grew Rich http://tinyurl.com/dl20161210aa
    • More reading: Lant Pritchett: Divergence, Bigtime; Dani Rodrik and Arvind Subraminaian: From ‘Hindu Growth’ to Productivity Surge: The Mystery of the Indian Growth Transition http://papers.nber.org/papers/w10376.pdf; Dani Rodrik: An African Growth Miracle? https://www.sss.ias.edu/faculty/rodrik/papers; John H. Coatsworth: Structures, Endowments, and Institutions in the Economic History of Latin America http://muse.jhu.edu/journals/latin_american_research_review/v040/40.3coatsworth.html

THE POST-WAR HIGH-PRESSURE ECONOMY [15,-]

  • Structured Review: mass production
  • The Korean War and the Cold War
  • The Age of Eisenhower
  • Exercises: national income and expenditure
  • Growing together
  • ??

SOCIAL DEMOCRACY EXHAUSTED 1970-1990 [16,16]

  • Oil Shocks and Inflation
    • "Ordoliberalism"
    • The sociology of the 1960s
    • Oil shocks and inflation expectations
  • Exercises: inflation and unemployment
  • Productivity Slowdown
    • The failure of economic management: Readings Barry Eichengreen: Globalizing Capital, chapter 5; John H. Coatsworth: Structures, Endowments, and Institutions in the Economic History of Latin America http://tinyurl.com/dl20161210y
    • The Volcker disinflation

THE NEOLIBERAL TURN IN THE NORTH ATLANTIC 1975-2015 [17,17]

  • Structured Review: deep economic history, Europe spreads out, plunder, settlement, and commercial and Industrial Revolution
  • Reagan, Thatcher, and Supply-Side Economics
    • The election of Reagan and Thatcher
    • Supply-side economics
  • Exercises: supply, demand, and surplus
  • The Washington Consensus and the Great Moderation: Dani Rodrik: The Past, Present and Future of Economic Growth http://tinyurl.com/dl20161210c; Christian Dustmann et al." From Sick Man of Europe to Economic Superstar: Germany’s Resurgent Economy http://tinyurl.com/dl20161210ac
    • Deregulation: social democratic ends via market means
    • The failure of the neoliberal turn

CHINA STANDS UP; RUSSIA SITS DOWN 1975-2015 [-,18]

  • Structured Review: Modern Economic Growth, globalization, and the Gilded Age
  • China Stands Up!: Xiaodong Zhu: Understanding China’s Growth: Past, Present and Future http://tinyurl.com/dl20161210ae
    • The Great Leap Forward, the Hungry Ghosts, and the Cultural Revolution
    • "Seek truth from facts"
    • Institutions and economic growth in China
  • Exercises: externalities and growth
  • Russia Sits Down: Daniel Triesman: The Political Economy of Change After Communism http://bookstore.piie.com/book-store/6970.html; Simeon Djankov: Russia's Economy under Putin: From Crony Capitalism to State Capitalism https://www.piie.com/publications/pb/pb15-18.pdf
    • The failure of Russian privatization

WOMEN'S RIGHTS AND DEMOGRAPHIC CHANGE [18,-]

  • Structured Review: Modern Economic Growth, globalization, and the Gilded Age
  • The demographic transition
  • The feminist movement
  • Exercises: supply, demand, and surplus
  • Zero population growth
  • Disparate impacts
    • Reading
      • Simone de Beauvoir:
      • Claudia Goldin:

THE FALL OF MANUFACTURING AND THE RISE OF THE ROBOTS 1970-2015 [19,19]

  • Structured Review: The knots of war, the Great Depression, and the New Deal
  • The Fall of Manufacturing
    • The high tide of unionization
    • The shift to a service economy
  • The Non-Smithian Economy: J. Bradford DeLong and A. Michael Froomkin: Speculative Microeconomics for Tomorrow's Economy http://tinyurl.com/dl20161210aq
    • Distribution in the presence of extraordinary increasing returns
  • Exercises: supply, demand, and surplus

Optional Topic: Notes on Antitrust Policy and Optimal Innovation in a Model of Productive Variety http://delong.typepad.com/pdf/20070709_varieties_antitrust.pdf


THE SECOND GREAT CRASH AND THE LONGER DEPRESSION 2000-2015 [20,20]

  • Structured Review: Post-WWII--mass production, social democracy, decolonization, and non-convergent growth
  • The Housing Bubble and the Second Great Crash: Paul Krugman: Why Weren’t Alarm Bells Ringing? http://tinyurl.com/dl20161210ap; Does He Pass the Test? http://tinyurl.com/dl20161210ao; Our Giant Banking Crisis—What to Expect http://tinyurl.com/dl20161210an; How the Case for Austerity Has Crumbled http://tinyurl.com/dl20161210am
    • The dot-com bubble and the housing bubble: Andrew Berg: The Asian Crisis http://tinyurl.com/dl20161210aj
    • Deregulation and risk concentration
  • Exercises: national income and expenditure
  • Secular Stagnation
    • Where is our V-shaped recovery?: Philip Lane: The European Sovereign Debt Crisis http://tinyurl.com/dl20161210ak
    • Secular stagnation: Lawrence Summers: Reflections on the ‘New Secular Stagnation Hypothesis http://tinyurl.com/dl20161210al
      • Further Reading: 2013 Evolution of 2009 "Economists' Recent Thinking" Talk: Understanding Our Adversaries: Who Are the Foes of Expansionary Fiscal Policy? And Why?

THE SECOND GILDED AGE 1980-2015 [21,21]

  • Structured Review: social democracy exhausted and the neoliberal turn
  • The Race between Education and Technology: Claudia Goldin and Larry Katz: The Race Between Education and Technology http://tinyurl.com/dl20161210af
  • The Second Gilded Age: Paul Krugman: Why We’re in a New Gilded Age http://tinyurl.com/dl20161210ag* The Reagan tax cut
    • Financialization and the overclass
    • The political economy of the rent-seeking society
  • Exercises: economic rents

THE PRESENT THROUGH A POLANYIAN LENS 2000-2025 [22,22]

  • The Polanyian Perplex: Barry Eichengreen: Globalizing Capital, chapter 6
    • Four decades of wage stagnation
    • The illusion of rapid growth at the top
    • Populism, Polanyi, and "economic anxiety"
  • Exercises: supply, demand, and surplus
  • Where Is Our "End of History"?: Andrea Boltho and Gianni Toniolo: The Assessment: The Twentieth Century http://tinyurl.com/dl20161210ah; Robert Gordon: The Turtle’s Progress http://tinyurl.com/dl20161210ai; Robert Allen: Global Economic History: A Very Short Introduction, epilogue
    • The stability of democracies

THE FUTURE 2015-? [23,23]

  • Structured Review: the "end of history" and the world since 2000
  • The Trend
    • Convergence?
    • Divergence?
    • Stagnation?
  • Exercises: exponential, convergent, and logistic growth
  • Catastrophe?
    • Global warming?
    • Nuclear fire
    • The jumped-up East African Plains Ape
    • The Great Filter?

TOOLS

  • Tools: exponential, convergent, and logistic growth
  • Tools: supply, demand, and surplus
  • Tools: economic rents
  • Tools: externalities and growth
  • Tools: social planning
  • Tools: national income and expenditure
  • Tools: interest rates, asset prices, and spending
  • Tools: inflation and unemployment

FURTHER READING

  • J. Bradford DeLong (2009): Understanding Karl Marx
  • J. Bradford DeLong (2013): The Economist as...?: The Public Square and Economists

  • NIMBYism in America: A Back of the Envelope Finger Exercise http://www.bradford-delong.com/2016/08/nimbyism-in-america-a-back-of-the-envelope-finger-exercise-calculation.html> https://www.icloud.com/keynote/0nFsEvYoPrUBCqwnxnqe4wbmw#2016-08-12_NIMBYism_in_America

PART I: INTRODUCTION

  • Readings (complete before lecture):

    • Paul David (1985): Clio and the Economics of QWERTY http://tinyurl.com/dl20161210d Reading note http://www.bradford-delong.com/2017/01/reading-paul-david-2005-clio-and-the-economics-of-qwerty.html Reading Note for David: Clio
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 1 http://amzn.to/2hgm8XB Reading Note for Allen: Global 1 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-1.html
    • Optional Further Readings:
      • The Grand Narrative: Saturday Twentieth Century Economic History http://The%20Grand%20Narrative:%20Saturday%20Twentieth%20Century%20Economic%20History
      • The One Best Way We Does the Tell http://www.bradford-delong.com/2016/12/the-one-best-way-we-does-the-tell-of-the-history-of-the-twentieth-century.html
      • Introduction Notes File http://www.bradford-delong.com/introduction-70000-bc-course-intro-115.html
  • Lecture: This Is Berkeley https://www.icloud.com/keynote/08xK3nq72hgtI4bZ3o-tabvNQ

  • Lecture: The Uses of a University https://www.icloud.com/keynote/0YKqBygXqB_z-nr6Z63BILcug

  • Readings (complete before lecture):

    • Jared Diamond (1997): The Worst Mistake in the History of the Human Race http://tinyurl.com/dl20161210a Reading Note for Diamond: Worst http://www.bradford-delong.com/2017/01/reading-jared-diamond-1997-agriculture-the-worst-mistake-in-the-history-of-the-human-race.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 2 http://amzn.to/2hgm8XB Reading Note for Allen: Global 2 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-2.html
  • Tools: Supply, Demand, and Surplus https://www.icloud.com/keynote/0afceg3uZiYAiqtY2mP3K1goA

  • Exercise: Reviewing Growth Tools https://www.icloud.com/keynote/0bhAeEXlt8EL4KVgF792M5G1A


PART II: THE COMING OF MODERN ECONOMIC GROWTH

  • Lecture: Commercial Revolution and Beyond https://www.icloud.com/keynote/0pkVowDBa0r044y0xBgZ-96sg

  • Readings:

    • David Landes (2006): Why Europe and the West? Why Not China? http://tinyurl.com/dl20161210b Landed Reading Note http://www.bradford-delong.com/2017/01/reading-david-landes-2006-why-europe-and-the-west-why-not-china.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 3 & 4 http://amzn.to/2hgm8XB Reading Notes: Allen chapter 3 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-2.html Allen chapter 4 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-4.html
  • Admin https://www.icloud.com/keynote/08a1A5pTGvae4StfANWdXJqTA

  • Exercise: Atlantic Trade https://www.icloud.com/keynote/0rrxR1K5LkkrVknlA-N4daIHA

  • Lecture: Measuring Economic Growth https://www.icloud.com/keynote/0CnkmoJGvreic2nMOOlin4_yA

  • Readings:

    • William Nordhaus: Do Real-Output and Real-Wage Measures Capture Reality? http://tinyurl.com/dl20161210f Nordhaus Reading Note http://www.bradford-delong.com/2017/01/reading-william-nordhaus-do-real-output-and-real-wage-measures-capture-reality.html
    • Lant Pritchett (1997): Divergence, Bigtime http://tinyurl.com/dl20161210e Pritchett Reading Note http://www.bradford-delong.com/2017/01/reading-lant-pritchett-1997-divergence-bigtime.html
  • Lecture: "The Limit of Human Felicity..." http://delong.typepad.com/2017-01-31_limit_of_human_felicity.pdf https://www.icloud.com/keynote/03xiEMrdUZcGuHiAEV8izzDIA

  • Lecture: The Industrial Revolution and Modern Economic Growth http://delong.typepad.com/2017-01-30_industrial_revolution_and_meg.pdf

  • Lecture: Global Economic Inequality https://www.icloud.com/keynote/03Ou4GJp-SrwWPP59FCv4P0TQ

  • Review: Big Ideas https://www.icloud.com/keynote/04xf1CiR3OBvox2btMtgy5c4g

  • Assignment: Map Exercise https://www.icloud.com/keynote/0dbdFc8vTqN4WrbhkANtQD7MA

  • Ungraded Exercise: https://www.icloud.com/pages/01W-QJpoMJNKpn3B6jfQ0xKegSample Midterm 1

  • Lecture: The Era of the British Industrial Revolution https://www.icloud.com/keynote/0I__reoLtcIwxSY_WTiMC-vxQ Notes on the Era of the British Industrial Revolution https://www.icloud.com/pages/0tHAaS4rB2yI3pTUWhulr1JFQ

  • Lecture: 1870 as the Axis https://www.icloud.com/keynote/0zvXY5RUERUYf6MBnc6czcl8

    • Readings: Guillaume Daudin et al.: Globalization 1870-1914 http://tinyurl.com/dl20161210g Daudin Reading Note http://www.bradford-delong.com/2017/01/reading-guillaume-daudin-et-al-globalization-1870-1914.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 5 & 6 http://amzn.to/2hgm8XB Reading Note for Allen Chapter 5 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-5.html Reading Note for Allen Chapter 6 http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-_global-economic-history-a-very-short-introduction_-new-york-oxford-chapter-6.html
  • Lecture: Growth, Distribution, and Politics in the Gilded Age https://www.icloud.com/keynote/0FdF0xEwUDCBN7BwuoghQp-Gg

  • Lecture: The Gold Standard and the International Economy (https://www.icloud.com/keynote/00uPglfq-5PjxxqjIZ9wEqcTg

  • Readings:

    • Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 1 & 2 http://amzn.to/2gpfkHH Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 7 & 8 http://amzn.to/2hgm8XB Allen Chapter 7 Reading Note http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-_global-economic-history-a-very-short-introduction_-new-york-oxford-chapter-7.html Allen Chapter 8 Reading Note http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-8.html
    • Karl Marx and Friedrich Engels (1848): The Communist Manifesto, entire http://tinyurl.com/dl20161210h Reading Note for Marx and Engels http://www.bradford-delong.com/2017/01/reading-karl-marx-and-friedrich-engels-1848-the-communist-manifesto.html
  • Review: The Gold Standard and the International Economy https://www.icloud.com/keynote/00uPglfq-5PjxxqjIZ9wEqcTg

  • Lecture: Empire https://www.icloud.com/keynote/0621QzOp-v_uX5cH8dz_VYzrw

  • Lecture: Arms Races and Brinksmanship https://www.icloud.com/keynote/02nkZxjZh72ucmUjkJYkV-rjQ

  • Readings:

    • Norman Angell (1909): Europe's Optical Illusion, chapters 6-9 http://tinyurl.com/dl20161210i Angell Reading Note http://www.bradford-delong.com/2017/01/reading-norman-angell-1909-europes-optical-illusion-chapters-6-9.html
    • Vladimir Lenin (1902): What Is to Be Done? http://tinyurl.com/dl20161210n Lenin Reading Note http://www.bradford-delong.com/2017/01/reading-vladimir-lenin-1902-what-is-to-be-done.html
    • John Maynard Keynes (1919): The Economic Consequences of the Peace, chapters 1 and 2 http://tinyurl.com/dl20161210k Keynes Peace 1 & 2 Reading Note http://www.bradford-delong.com/2017/01/reading-john-maynard-keynes-1919-the-economic-consequences-of-the-peace-chs-1-2.html

PART III: AN AGE OF CATASTROPHE

  • Lecture: War https://www.icloud.com/keynote/0qlE8gwuGSvjK0FhixRvASQbw

  • Lecture: Revolution https://www.icloud.com/keynote/0kCfc1H-7tUqVyAx6GdK8hPqQ

  • Lecture: Macroeconomics for Beginners http://delong.typepad.com/2017-02-22-macroeconomics-for-beginners-tceh.pdf

  • Tools: Macroeconomics for Beginners https://www.icloud.com/keynote/0bfCDHOewscf5WsaIRw5jocRg

    • Handout: Macroeconomics for Beginners https://www.icloud.com/pages/0Jvme_jXeWFjUBPJ00sgSws1Q
  • Exercise: Pre-WWII Business Cycles https://www.icloud.com/keynote/07pv2x4UsibMWj2VqHhluWBGw

  • Review: Tools https://www.icloud.com/keynote/09mNtqMmAqK_Bb8u6ask6cdyA

  • Lecture: Previous Cycles--What Halted Them? https://www.icloud.com/keynote/0rIs3RUqalrk21-HqmiU70Q4Q

  • Lecture: "Under the Harrow", "Crying 'Fire! Fire!' in Noah's Flood", and Other Causes of the Great Depression https://www.icloud.com/keynote/0CjfwaDKBhwZDymSNgOmdooVQ

  • Readings:

    • John Maynard Keynes (1919): The Economic Consequences of the Peace, chapters 3, 6, & 7 http://tinyurl.com/dl20161210k; (1926): The Economic Consequences of Mr. Churchill http://tinyurl.com/dl2016121l; (1924): The End of Laissez Faire http://tinyurl.com/dl20161210m Reading Notes: My Keynes Lecture—the second half of my Keynes File https://www.icloud.com/pages/0FN1QUmT9ak9UUlC4uCI2L4Ig
  • Lecture: Wrong Addresses and New Deals https://www.icloud.com/keynote/0JZecbHXklNqkXr8655arhhzw

  • Lecture: The Collapse of European Civilization https://www.icloud.com/keynote/04A93hV3PXQ4_V5syVIGVd3lw

  • Readings:

    • Christina D. Romer (2013): Lessons from the Great Depression for Policy Today https://eml.berkeley.edu/~cromer/Lectures/Lessons%20from%20the%20Great%20Depression%20for%20Policy%20Today%20Written.pdf
    • Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 3 & 4 http://amzn.to/2gpfkHH Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html
    • John Maynard Keynes (1931): Unemployment as a World Problem http://tinyurl.com/dl20161210p
    • George Orwell (1936): The Road to Wigan Pier chapters 1-7 http://tinyurl.com/dl20161210t
    • Anthony Smith (1996): Memory and Modernity http://tinyurl.com/dl20161210ax
    • Ernest Gellner (1973): Scale and Nation http://tinyurl.com/dl20161210s
  • Lecture: The Soviet Union https://www.icloud.com/keynote/0kOkOaNCCcMejs07a8BeqgXfw

  • Readings:

    • Rosa Luxemburg (1981): The Russian Revolution http://tinyurl.com/dl20161210aw
  • Assignment: Problem Set 1 out https://www.icloud.com/pages/0wyqo0Zf3bkNPmfAK8Db5yAKA


PART IV: THE AGE OF SOCIAL DEMOCRACY

  • Exercise: Tools Review https://www.icloud.com/keynote/0vSClAJ-Ebj86adUpYyQr0FHw

  • Lecture: Mass Production https://www.icloud.com/keynote/0YYtaJQGQVuvfyxS0cd4bYDcw

  • Ungraded Exercise: Sample Midterm 2 https://www.icloud.com/pages/0v_UPFidWHrXfS7nTCUjTjhow

  • Exercise: https://www.icloud.com/keynote/0Len8cvtl5ttxLxKjF0SOgBsQ

  • Lecture: America Takes the Lead, and Social Democracy and the Welfare State https://www.icloud.com/keynote/0b7TsP8O-639VLe0nHsx2ospA

  • Readings:

    • Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System , chapter 3 http://amzn.to/2gpfkHH Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 9 http://amzn.to/2hgm8XB Allen Chapter 9 Reading Note http://www.bradford-delong.com/2017/01/reading-robert-allen-2011-global-economic-history-a-very-short-introduction-chapter-9.html
  • Lecture: Divergence, Convergence—Decolonization and Its Discontents https://www.icloud.com/keynote/0rDYBJurKMrDPjIydeLcxpriQ

  • Readings:

    • Dani Rodrik: Getting Interventions Right: How South Korea and Taiwan Grew Rich http://tinyurl.com/dl20161210aa
    • Lant Pritchett (1997): Divergence, Bigtime http://tinyurl.com/dl20161210e
  • Review: Pre-Midterm II Review https://www.icloud.com/keynote/0UyCsHNxERLQgfqJLsG_u03Nw

  • Exercise: Sample Midterm 2 http://delong.typepad.com/2017-03-20-econ-115-s-2017-sample-midterm-2-with-answers-tceh.pdf


PART V: MAKING (OR IS IT UNMAKING?) OUR WORLD

  • Review: Big Ideas Applied https://www.icloud.com/keynote/01j9sUQbxLoVrCKJtnXtmEbWg

  • Lecture: The Exhaustion of Social Democracy https://www.icloud.com/keynote/0lyRLLly5fQugNO7IrYytVEAA

  • Readings:

    • Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 4 & 5 http://amzn.to/2gpfkHH Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html
    • John H. Coatsworth (2005): Structures, Endowments, and Institutions in the Economic History of Latin America http://tinyurl.com/dl20161210y
  • Lecture: The Coming of "Neoliberalism"https://www.icloud.com/keynote/0N55E7-8V5lFYcFg99vLX6pYQ%

  • Lecture: "Soft", "Hard", and "Outside" Neoliberalism https://www.icloud.com/keynote/0-DkmPhoj7MBtMtURCzTp05lg

  • Readings:

    • Dani Rodrik (2013): The Past, Present and Future of Economic Growth http://tinyurl.com/dl20161210c
    • Christian Dustmann et al.: From Sick Man of Europe to Economic Superstar: Germany’s Resurgent Economy http://tinyurl.com/dl20161210ac
  • Lecture: Feminism and Demographyhttps://www.icloud.com/keynote/0_cshNFXirp-mG8AIlmPmb7vw

  • Assignment: Essay

  • Lecture: Demography and Feminism—Addendum https://www.icloud.com/keynote/0NZdj5YB8DaV1j1cbflBh578g

  • Lecture: Russia Sits Down https://www.icloud.com/keynote/0_X4WFfERxXVM2YDHUJTWNPdA

  • Readings:

    • Robert Allen (2011): The Rise and Decline of the Soviet Economy http://tinyurl.com/dl20161210v
    • Richard Ericson: The Classical Soviet-Type Economy: Nature of the System and Implications for Reform http://tinyurl.com/dl20161210ab
    • Simeon Djankov (2015): Russia's Economy under Putin: From Crony Capitalism to State Capitalism http://tinyurl.com/dl20161210ad
  • Lecture: China Stands Up https://www.icloud.com/keynote/0GE_sk_RTr1uGccplVSadLizw Addendum https://www.icloud.com/keynote/0dPMkEiCRyqxr1tlbWagixGfg

  • Reading: Xiaodong Zhu (2012): Understanding China's Growth: Past, Present and Future http://tinyurl.com/dl20161210ae

  • Lecture: The Fall of Manufacturing and The Rise of Robots https://www.icloud.com/keynote/025H7gPk3MgMQhQWNIYXKuwKQ

  • Reading: J. Bradford DeLong and A. Michael Froomkin (1999): Speculative Microeconomics for Tomorrow's Economy http://tinyurl.com/dl20161210aqhttp://tinyurl.com/dl20161210aq

  • Review: The Pace of Growth https://www.icloud.com/keynote/0bhAeEXlt8EL4KVgF792M5G1A

  • Lecture: The Housing Bubble https://www.icloud.com/keynote/0YyBvr7iRdz4gYSHpz3WP7VOQ

  • Lecture: The Second Great Crash https://www.icloud.com/keynote/0G2yen4Zu2rrpzX1rUxOa2Oqg

  • Readings:

    • Paul Krugman: Why Weren't Alarm Bells Ringing? http://tinyurl.com/dl20161210ap; Does He Pass the Test? http://tinyurl.com/dl20161210ao; Our Giant Banking Crisis—What to Expect http://tinyurl.com/dl20161210an; How the Case for Austerity Has Crumbled http://tinyurl.com/dl20161210am (collected at http://delong.typepad.com/2017-04-09-krugman-nyrb-second-great-crash-and-longer-depression-readings.zip)
    • Andrew Berg: The Asian Crisis http://tinyurl.com/dl20161210ajhttp://tinyurl.com/dl20161210aj
    • Philip Lane: The European Sovereign Debt Crisis http://tinyurl.com/dl20161210ak
    • Lawrence Summers: Reflections on the ‘New Secular Stagnation Hypothesis http://tinyurl.com/dl20161210al
  • Assignment: Problem Set 2 Answers http://%20https://www.icloud.com/pages/0HE2HodxFbazT3ifDu7wUbigQ

  • Review: The Coming of Modern Economic Growth https://www.icloud.com/keynote/0f17mjFZ8BEhH59ode8BYJ2Bg

  • Lecture: The Longer Depression https://www.icloud.com/keynote/0iTHUMPBKCM6PeKcTURjFtd9Q


PART VI: LOOKING FORWARD AND LOOKING BACKWARD

  • Lecture: The Race Between Education and Technology https://www.icloud.com/keynote/0I_NhrMzS4ndV2mf-Iw73uAyg

  • Lecture: Winner-Take-All? https://www.icloud.com/keynote/0RwmwqRyIdpClD_wwAQX5EJ1Q

  • Lecture: The Global Overclass https://www.icloud.com/keynote/07T_rQAzGIFmYdrSMQ_TUFCqQ

  • Lecture: Political Economy https://www.icloud.com/keynote/0tRKVEEQmF1XfhCEMDluyD3-w

  • Readings:

    • Claudia Goldin and Larry Katz (2007): The Race Between Education and Technology http://tinyurl.com/dl20161210af
    • Paul Krugman (2014): Why We're in a New Gilded Age http://tinyurl.com/dl20161210ag (http://delong.typepad.com/why-were-in-a-new-gilded-age-by-paul-krugman.pdf
    • Andrea Boltho and Gianni Toniolo: The Assessment: The Twentieth Century http://tinyurl.com/dl20161210ah
    • Robert Gordon: The Turtle's Progress http://tinyurl.com/dl20161210ai
    • Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapter 6 Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html
    • Robert Allen (2011): Global Economic History: A Very Short Introduction, Epilogue | Allen Epilogue Reading Note http://www.bradford-delong.com/2017/01/robert-allen-2011-global-economic-history-a-very-short-introduction-epilogue.html
  • Review: The Age of Catastrophe https://www.icloud.com/keynote/0jYhk39um5biUoHWhKdnv7vxw

  • Review: The Age of Social Democracy https://www.icloud.com/keynote/0IZlrXBG1HfP5A9UnCblagBYA

  • Lecture: Should We Fear the Robots?—Addendum https://www.icloud.com/keynote/0TSo3G3mCZ5lVgXB8iTHeiHjQ

  • Lecture: The Global North: The Present Through a Polanyian Lens https://www.icloud.com/keynote/0OU-iP9MBSqwfvtjs67W0c8ug

  • Lecture: In Our Hands https://www.icloud.com/keynote/0aCiDU12ft9Zx9BAm3w37iTyw 

  • Reading: Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapter 7 | Eichengreen Reading Note http://www.bradford-delong.com/2017/01/reading-barry-eichengreen-2008-globalizing-capital-a-history-of-the-international-monetary-system.html

  • Review: Sample Exam with answers https://www.icloud.com/pages/0iJ-l0KOekH8Om1dioHFXv70A

  • Review: Q&A https://www.icloud.com/keynote/0zIggzDCeboNo7g_tqQqgzA9A%20


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  • Econ 115: Twentieth Century Economic History Course http://www.bradford-delong.com/twentieth-century-economic-history.html
    • Spring 2017 Econ 115 20th Century Economic History ARCHIVED http://www.bradford-delong.com/spring-2017-econ-115-20th-century-economic-history-archived.html
  • Econ 113: http://www.bradford-delong.com/113-master-spring-2017.html http://www.bradford-delong.com/econ-113-american-economic-history.html

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