Brad DeLong's Grasping Reality

Interesting Reads:

• David Allen Green: Who the UK really is negotiating with over Brexit: "Theresa May is being careful about what information is available to her opponents.... Her opponents... are not the various EU institutions... [which] know... the UK negotiating position better than the UK itself. No, her true Brexit opponents are the UK’s media and politicians and, by extension, the public..."
• Pseudoerasmus: Ideology and Human Development
• Sherman Robinson

And Over Here:

• At This Point, If I Were Hillary Rodham Clinton I Would Tell My Electors to Vote for Mitt Romney
• And Nelson D. Schwartz of the New York TImes and His Editors Are in the Tank for Donald Trump
• Should-Read: Simon Wren Lewis: Whatever Happened to the Government Debt Doom Spiral?: "A number of people... are puzzled about why government debt at 90% of GDP seemed to cause our new Chancellor and the markets so little concern when his predecessor saw it as a portent of impending doom...
• Live from London: Duncan Black: Good Luck With That: "The weird belief that there could be no negative consequences of Brexit while still actually undertaking Brexit is cute...
• Live from Havana: Larry Summers: Castro Is Dead: "History will judge the US embargo policy a total failure...
• Why Does the Federal Reserve Take 2%/Year Inflation to Be a Ceiling Rather than a Target?
• The Kelly Risk Criterion: Hoisted from the Archives from Ten Years Ago
• Must-Read: Nathan Lane: Manufacturing Revolutions: Industrial Policy and Networks in South Korea: "This paper uses a historic big push intervention and newly digitized data from South Korea to study the effects of industrial policy on (short- and long-run) industrial development...
• Should-Read: Simon Wren-Lewis: Public Investment and Fiscal Rules: "When I started writing this paper with Jonathan Portes...
• Should-Read: Simon Johnson: The Politics of Job Polarization: "Highly educated people at the top of the income distribution are doing better than ever...
• Missing the Economic Big Picture
• Even If Trump and the Trumpists Were to Try to Be Honest, We Would Be in Big Trouble...
• Should-Read: Abhijit Bannerjee: E-governance, Accountability, and Leakage in Public Programs: Experimental Evidence from a Financial Management Reform in India: "Sometimes you hear people say 'RCTs are so small: how can you generalize?' There are so many people in this RCT that we could populate two small European countries with them."
• Must-Read: Cosma Shalizi: Ernest Gellner, 1925-1995: "Most of these themes themselves revolve around the 'great hump' or 'great ditch', which divides the modern world from pre-modern civilizations...
• Comment of the Day: J.E. D'Ulisse: Weekend Reading: Thoukydides: The Mytilenean Debate (427 B.C.): "Back in 2005, I remember sitting in bars in Rome with my Italian friends and discussing what was going on in the USA...
• Should-Read: Brad Setser: China’s Dual Equilibria: "Not just multiple possible exchange rate equilibria... at least two different possible macroeconomic equilibria...
• Yes, the Washington Press Corps Has Already Taken and Will Continue to Take Another Dive in Its Coverage of Trump. Why Do You Ask?

You Might Look at:

• Mark Gilchrist: Why Thucydides Still Matters

Perhaps Worth Reading...