One Possible Set of Readings and Topics for Economics 24-1: The Financial Crisis and the Little Depression of 2007-2012
Yes, I know that this is about four times as much as freshmen in a freshman seminar can be expected to absorb. But where to cut?
F4-5:30, Evans Hall 597. J. Bradford DeLong firstname.lastname@example.org 925.708.0467
Aug. 26: Panics: Kindleberger, Manias, Panics, and Crashes
Sep. 2: Bubbles: Galbraith, The Great Crash
Sep. 9: NO CLASS
Sep. 23: NO CLASS
Sep. 30: The Great Moderation: Greenspan, The Age of Turbulence; Bernanke, "The Great Moderation" http://tinyurl.com/dl20110612g; Blinder and Reis, "Economic Performance in the Greenspan Era: The Evolution of Events and Ideas" http://tinyurl.com/dl20110612j; Rajan, "Financial Markets, Fragility, and Central Banking" http://tinyurl.com/dl20110612i plus discussions at http://www.kansascityfed.org/publicat/sympos/2005/pdf/GD5_2005.pdf http://www.kansascityfed.org/publicat/sympos/2005/pdf/Shin2005.pdf and http://www.kansascityfed.org/publicat/sympos/2005/pdf/Kohn2005.pdf
Oct 7: Mortgages and Derivatives: Nocera and MacLean, All the Devils Are Here
Oct.14: NO CLASS
Oct. 21: Bank Runs: Gorton, Slapped by the Invisible Hand; Shleifer and Vishny, "Fire Sales in Finance and Macroeconomics"
Oct. 28: The Financial Collapse: Paulson, On the Brink; Cecchetti, "Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis"
Nov. 4: The Recession: Robert Hall, "Why Does the Economy Fall to Pieces After a Financial Crisis?"; Mill, "Of the Influence of Consumption on Production" http://tinyurl.com/dl20110612a; Krugman, selections from The Conscience of a Liberal http://krugman.blogs.nytimes.edu
Nov. 11: NO CLASS
Nov. 18: Policies: Suskind, Confidence Men; Viner, "Mr. Keynes on the Causes of Unemployment" http://tinyurl.com/dl20110612e
Nov. 25: NO CLASS
Dec. 2: Politics and Sovereigns: Reinhart and Rogoff, This Time It's Different
Dec. 9: Lunch