Grasping Reality on TypePad, by Brad DeLong

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• delong@econ.berkeley.edu | pbmccrory@berkeley.edu | jamesonreeves@berkeley.edu
• DeLong Office Hours: Evans 691A M 3:30-4:30 pm, W 11-12 noon

SYLLABUS

• Econ 115 S2017 Syllabus—Administration
• Econ 115 S2017 Syllabus—Topics, Readings, and Exams

PART I: INTRODUCTION

• Lecture: The Multimillennial Perspective | Notes: The Multimillennial Perspective
• Lecture: BIG IDEAS: 20th Century Economic History | Handout: 10 1/2 BIG IDEAS for 20th Century Economic History
• Exercise: Who Are You?
• Admin: Course Mechanics (key)
  • Readings (complete before lecture): Paul David (1985): Clio and the Economics of QWERTY | 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 | Highly Optional Further Readings: The Grand Narrative: Saturday Twentieth Century Economic History | The One Best Way We Does the Tell | Introduction Notes File
• Assignment: Letter to Lecturer (1 point)
• Admin: Office Hours
• Lecture: This Is Berkeley
• Lecture: The Uses of a University
• Tools: Growth: Exponential, Convergent, Logistic (key)
• Review: Big Ideas
• Lecture: Economic Growth
• Exercise: Analyzing Growth
• Assignment: Letter to GSIs
  • Readings: Jared Diamond (1997): The Worst Mistake in the History of the Human Race http://tinyurl.com/dl20161210a | Diamond Reading Note; Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 2 http://amzn.to/2hgm8XB | Reading Note for Allen: Global 2
• Tools: Supply, Demand, and Surplus
• Exercise: Reviewing Growth

PART II: THE COMING OF MODERN ECONOMIC GROWTH

• Lecture: Commercial Revolution and Beyond
  • Readings: David Landes (2006): Why Europe and the West? Why Not China? http://tinyurl.com/dl20161210b | Landes Reading Note; Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 3 & 4 http://amzn.to/2hgm8XB | Reading Notes: Allen chapter 3 | Allen chapter 4
• Assignment: Letter to GSI
• Admin
• Exercise: Atlantic Trade
• Lecture: Measuring Economic Growth
  • Readings: William Nordhaus: Do Real-Output and Real-Wage Measures Capture Reality? http://tinyurl.com/dl20161210f | Nordhaus Reading Note; Lant Pritchett (1997): Divergence, Bigtime http://tinyurl.com/dl20161210e | Pritchett Reading Note
• Lecture: "The Limit of Human Felicity..."
• Lecture: The Industrial Revolution and Modern Economic Growth
• Lecture: Global Economic Inequality
• Review: Big Ideas
• Assignment: Map Exercise
• Ungraded Exercise: Sample Midterm 1
• Lecture: The Era of the British Industrial Revolution | Notes: The Era of the British Industrial Revolution)
• Lecture: 1870 as the Axis)
  • Readings: Guillaume Daudin et al.: Globalization 1870-1914 http://tinyurl.com/dl20161210g | Daudin Reading Note; Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 5 & 6 http://amzn.to/2hgm8XB | Reading Note for Allen Chapter 5 | Reading Note for Allen Chapter 6 |
• Lecture: Growth, Distribution, and Politics in the Gilded Age (key)
• Lecture: The Gold Standard and the International Economy (key)
  • Readings: Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 1 & 2 http://amzn.to/2gpfkHH | Eichengreen Reading Note; Robert Allen (2011): Global Economic History: A Very Short Introduction, chapters 7 & 8 http://amzn.to/2hgm8XB | Allen Chapter 7 Reading Note | Allen Chapter 8 Reading Note; Karl Marx and Friedrich Engels (1848): The Communist Manifesto, entire http://tinyurl.com/dl20161210h | Reading Note for Marx and Engels
• Review: The Gold Standard and the International Economy (key)
• Lecture: Empire (key)
• Lecture: Arms Races and Brinksmanship (key)
  • Readings: Norman Angell (1909): Europe's Optical Illusion, chapters 6-9 http://tinyurl.com/dl20161210i | Angell Reading Note; Vladimir Lenin (1902): What Is to Be Done? http://tinyurl.com/dl20161210n | Lenin Reading Note; John Maynard Keynes (1919): The Economic Consequences of the Peace, chapters 1 and 2 http://tinyurl.com/dl20161210k | Keynes Peace 1 & 2 Reading Note

PART III: AN AGE OF CATASTROPHE

• Lecture: War (key)
• Lecture: Revolution (key)
• Lecture: Macroeconomics for Beginners (key)
• Tools: Macroeconomics for Beginners (key) | Handout: Macroeconomics for Beginners (pages)
• Exercise: Pre-WWII Business Cycles
• Review: Tools
• Lecture: Previous Cycles--What Halted Them?
• Lecture: "Under the Harrow", "Crying 'Fire! Fire!' in Noah's Flood", and Other Causes
  • 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 are my Keynes Lecture—the second half of my Keynes File
• Wrong Addresses and New Deals
• The Collapse of European Civilization
  • 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.pdfj; Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 3 & 4 http://amzn.to/2gpfkHH | Eichengreen Reading Note; 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: World War II
  • 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 (Evans Readings in pdf ); Taylor Jaworski and Price Fishback (2014): World War II, http://tinyurl.com/dl20161210u
• Lecture: The Soviet Union Readings: Rosa Luxemburg (1981): The Russian Revolution http://tinyurl.com/dl20161210aw
• Assignment: Problem Set 1 out (private)

PART IV: THE AGE OF SOCIAL DEMOCRACY

• Exercise: Tools Review
• Lecture: Mass Production
• Ungraded Exercise: Sample Midterm 2 (pages)
• Exercise: America Takes the Lead
• Lecture: Social Democracy and the Welfare State
  • Readings: Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System , chapter 3 http://amzn.to/2gpfkHH | Eichengreen Reading Note; Robert Allen (2011):Global Economic History: A Very Short Introduction, chapter 9 http://amzn.to/2hgm8XB | Allen Chapter 9 Reading Note
• Lecture: Divergence, Convergence—Decolonization and Its Discontents
  • 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 Review
• Exercise: Sample Midterm 2 Answers
• Midterm 2

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

• Review: Big Ideas Applied
• Lecture: The Exhaustion of Social Democracy
  • Readings: Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapters 4 & 5 http://amzn.to/2gpfkHH | Eichengreen Reading Note; John H. Coatsworth (2005): Structures, Endowments, and Institutions in the Economic History of Latin America http://tinyurl.com/dl20161210y
• Lecture: The Coming of "Neoliberalism"

• Lecture: “Soft”, “Hard”, and “Outside” Neoliberalism
  • 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 Demography
• Essay assignment out (due April 24)
• Lecture: Demography and Feminism—Addendum  
• Lecture: Russia Sits Down 
  • 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 | Addendum
  • 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
  • Reading: J. Bradford DeLong and A. Michael Froomkin (1999): Speculative Microeconomics for Tomorrow's Economy http://tinyurl.com/dl20161210aq

• Review: The Pace of Growth
• Lecture: The Housing Bubble 
• Lecture: The Second Great Crash
  • 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/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

• Problem Set 2 out (due May 1) | Problem Set 2 Answers (.pages)
• Review: The Coming of Modern Economic Growth 
• Lecture: The Longer Depression

PART VI: LOOKING FORWARD AND LOOKING BACKWARD

• Lecture: The Race Between Education and Technology
• Lecture: Winner-Take-All?
• Lecture: The Global Overclass
• Lecture: Political Economy 
• • 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)
  • Readings: 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; Robert Allen (2011): Global Economic History: A Very Short Introduction, Epilogue | Allen Epilogue Reading Note
• Review: The Age of Catastrophe
• Review: The Age of Social Democracy
• Lecture: Should We Fear the Robots?—Addendum  
• Lecture: The Global North: The Present Through a Polanyian Lens 
• Lecture: In Our Hands 
  • Reading: Barry Eichengreen (2008): Globalizing Capital: A History of the International Monetary System, chapter 7 | Eichengreen Reading Note
• Review: Sample Exam | Sample Exam with answers
• Review: Q&A

Th May 11: Final 11:30-2:30 pm Evans 10