Monday, March 21, 2016

Cohen & DeLong, Concrete Economics (2016)

Stephen S. Cohen and J. Bradford DeLong.
Concrete Economics: The Hamilton Approach to Economic Growth and Policy.
Boston, Massachusetts: Harvard Business Review Press, 2016.

Book information: Publisher; Book Info at Bradford-DeLong.com; Google Books; Amazon.com.

Books at Brad DeLong's blog "Grasping Reality..."

Book excerpt: Stephen S. Cohen and J. Bradford DeLong, "Why Hamilton — Not Jefferson — Is the Father of the American Economy," Fortune, 16 February 2016.

Cohen and DeLong are also the authors of:
The End of Influence: What Happens When Other Countries Have the Money, New York: Basic Books (Perseus Books Group), 2010.
[Publisher; Google Books; Amazon.com; Amazon.com, paperback; Book Info at DeLong's blog.]
My post on The End of Influence is here.

Author information: J. Bradford DeLong

Lectures and Interviews: J. Bradford DeLong
You can find more talks by DeLong on YouTube. I limited this list to those that seem more pertinent to the U.S. economy.

Author information: Stephen S. Cohen
~~~~~~~~~~~~

Cohen & DeLong's thesis is that the U.S. government's economic policy, the political economy of the United States, changed around 1980. Before that time the government, and the national political culture generally, supported and implemented policies promoting the concrete, practical, pragmatic, non-ideological, economic development of the United States. After that time the government pursued the abstract, ideological policies of deregulation, free markets, and free trade, while ignoring the adverse consequences of those policies on the U.S. economy and society. Some practical deregulation began in the late 1970s which deregulated commercial passenger airline fares, trucking, and oil prices. However after 1980 the idea of deregulation was extended to financial services which promptly resulted in the Savings and loan crisis of the 1980s and the outsized growth of financial services as a fraction of the U.S. economy (see the work of Thomas Philippon). Continuing financial deregulation throughout the 1980s and 1990s directly contributed to the Financial crisis of 2007–08. Cohen & DeLong survey the economic history of the United States to show how pragmatic interventions by the government promoted the nation's economic development, from Alexander Hamilton to 19th century railroads, land grant colleges, homesteading for settlement of territories for agricultural development, to 20th century policies including New Deal era construction of dams and post offices, Eisenhower era construction of interstate highways, and, often military-related, technology development (for example, communications and electronics technologies at Bell Labs and the military aviation spinoff of commercial aircraft at Boeing). The economic development ideas formerly used by the U.S. have been practiced in East Asia with great success; Cohen & DeLong discuss the cases of Japan and China; the brevity of their book prevents them from discussing the similar successes of (South) Korea, Taiwan, Singapore and other nations. These are large topics briefly summarized by Cohen & DeLong in Concrete Economics, so I list some references from the book below.

Some references in Concrete Economics:
    Introduction
  • Thomas Philippon, Stern School of Business, New York University.
    Cohen & DeLong say that Thomas Philippon is "the economist who has done the most to count and track the hypertrophy of the American finance sector."
  • Ralph E. Gomory and William J. Baumol, Global Trade and Conflicting National Interests, Cambridge, Massachusetts: The MIT Press, 2001.
    [Publisher; Google Books; Amazon.com.]
  • Chapter 1
  • John Brewer, The Sinews of Power: War, Money and the English State, 1688-1783, London: Century Hutchinson, 1989; Cambridge, Massachusetts: Harvard University Press, 1990; Abingdon: Routledge, 2014.
    [Publisher; Google Books; Amazon.com; Amazon.co.UK.]
  • Alexander Hamilton, "Report to the House of Representatives on Manufactures," 05 December 1791.
    • Alexander Hamilton (1755 or 1757 – 1804), Wikipedia.
    • Report on Manufactures, Wikipedia.
    • Report on Manufactures, 1913 (Google Books).
    • John C. Hamilton, editor. The Works of Alexander Hamilton, Volume 3. New York: John F. Trow, Printer, 1850.
      [Archive.org.]
      This volume contains Hamilton's reports: on "Public Credit" (pages 1-46); on "Operations of the Act Laying Duties on Imports" (pages 54-80); on a "National Bank" (pages 106-146); "On The Establishment of a Mint" (pages 149-188); and on "Manufactures" (pages 192-284).
    • Alexander Hamilton, Writings, Edited by Joanne B. Freeman, No. 129, Library of America Series, New York: Literary Classics of the United States, Inc., 2001.
      [Publisher; Google Books; Amazon.com.]
  • Paul Bairoch, Economics and World History: Myths and Paradoxes, Chicago: The University of Chicago Press, 1993.
    [Publisher; Google Books; Amazon.com.]
  • Chapter 2
  • Eric Foner, Free Soil, Free Labor, Free Men: The Ideology of the Republican Party before the Civil War, New York: Oxford University Press, 1970, 1995.
    [Publisher; Google Books; Amazon.com.]
  • Chapter 3
  • Daniel Bell, The End of Ideology: On the Exhaustion of Political Ideas in the Fifties, New York: The Free Press, 1962; second edition, Cambridge, Massachusetts: Harvard University Press, 1988, 2000.
    [Publisher; Google Books; Amazon.com.]
  • Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States, New York: Oxford University Press, 1985.
    [Publisher; Google Books; Amazon.com.]
  • Steven Solomon, Water: The Epic Struggle for Wealth, Power, and Civilization, New York: HarperCollins Publishers, 2010.
    [Publisher; Google Books; Amazon.com.]
  • Jon Gertner, The Idea Factory: Bell Labs and the Great Age of American Innovation, New York: Penguin Press, 2012; Penguin Books, 2013.
    [Publisher; Google Books; Amazon.com.]
  • Vernon W. Ruttan, Is War Necessary for Economic Growth?: Military Procurement and Technology Development, New York: Oxford University Press, 2006.
    [Publisher; Google Books; Amazon.com.]
  • John A. Alic and others, Beyond Spinoff: Military and Commercial Technologies in a Changing World, Boston: Harvard Business School Press, 1992.
    [Google Books; Amazon.com.]
  • Chapter 4
  • James Fallows, Looking at the Sun: The Rise of the New East Asian Economic and Political System, New York: Pantheon Books, 1994; New York: Vintage Books, 1995.
    [Publisher; Google Books; Amazon.com.]
  • Carlos F. Diaz Alejandro, Essays on the Economic History of the Argentine Republic, Economic Growth Center, Yale University, New Haven, Connecticut: Yale University Press, 1970.
    [Google Books; Amazon.com.]
  • Barry Naughton, Growing Out of the Plan: Chinese Economic Reform, 1978-1993, Cambridge University Press, 1995.
    [Publisher; Google Books; Amazon.com.]
  • Chapter 5
  • George A. Akerlof and Robert J. Shiller, Phishing for Phools: The Economics of Manipulation and Deception, Princeton University Press, 2015.
    [Publisher; Google Books; Amazon.com.]
  • Hyman Minsky, Stabilizing an Unstable Economy, Yale University Press, 1986; McGraw-Hill, 2008.
    [Publisher; Google Books; Amazon.com.]
  • Simon Johnson, "The Quiet Coup," The Atlantic, May 2009.
  • William K. Black, The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, Austin: University of Texas Press, 2005; updated edition, 2013.
    [Publisher; Google Books; Amazon.com.]

Some related books not mentioned in Concrete Economics:
  • Barry Naughton, The Chinese Economy: Transitions and Growth, Cambridge, Massachusetts: The MIT Press, 2007.
    [Publisher; Google Books; Amazon.com.]
    Cohen & DeLong cite an older work by Naughton but this newer book may be of greater interest to readers looking for an introductory survey on China's economic growth.
  • Ha-Joon Chang, Kicking Away the Ladder: Development Strategy in Historical Perspective, London: Anthem Press, 2002.
    [Publisher; Google Books; Amazon.com.]
  • Ha-Joon Chang, The East Asian Development Experience: The Miracle, the Crisis and the Future, London: Zed Books, 2007.
    [Publisher; Google Books; Amazon.com.]
  • Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, London: Random House Business Books, 2007; New York: Bloomsbury Press, 2008.
    [Publisher; Google Books; Amazon.com.]
  • Gerald F. Davis, Managed by the Markets: How Finance Re-Shaped America, Oxford University Press, 2009.
    [Publisher; Google Books; Amazon.com.]
    Davis offers an interpretation of the effects of growth of the financial sector on U.S. society, its effects on American culture. More solid and more instructive, in my opinion, are his chapters on the history of corporations (Chapter 3) and on the history of banking (Chapter 4) in the U.S. during the 20th century.
    My post on Managed by the Markets is here.
  • Judith Stein, Pivotal Decade: How the United States Traded Factories for Finance in the Seventies, New Haven, Connecticut: Yale University Press, 2010.
    [Publisher; Google Books; Amazon.com.]
    My post on Pivotal Decade is here.
  • Jeff Madrick, Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present, New York: Alfred A. Knopf (Penguin Random House LLC), 2011.
    [Publisher; Google Books; Amazon.com.]
    My post on Age of Greed is here.
    Madrick's Age of Greed is a more detailed history of the economic policies that allowed the growth of the financial sector in the U.S. economy since the 1970s (compared to the brief treatment of that history in Concrete Economics).
  • Jeff Madrick, Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World, New York: Alfred A. Knopf (Penguin Random House LLC), 2014.
    [Publisher; Google Books; Amazon.com.]
    In Seven Bad Ideas Madrick also reviews the economic history of the United States in which the federal government played a significant role in promoting the economic development of the country from its beginnings in various ways appropriate to each historical/technological epoch, contrary to what free market ideologues and the followers of Milton Friedman would tell you.
  • From the document "The British Sociological Association and The Guardian: Sociologists on the causes of the financial crisis," British Sociological Association, 2012, I found this item and its description, which sounds similar to Cohen & DeLong's thesis in Concrete Economics:

    Jordan, Bill. (2010) What’s Wrong with Social Policy and How to Fix it, Polity Press. 
[“This books argues that the financial crash of 2008-9 has exposed the disastrous consequences of applying economic theory to the collective life of societies. In seeking to manage social relationships through incentives for individual gain, market-like menus of choices and business-style sets of interlocking contracts, the model adopted by the governments of the UK and USA has subverted the basis for social policy in mutuality and membership.” “Breaks important new theoretical ground for a social and community-nurturing vision in the new economic era.”]
    [Publisher; Google Books; Amazon.com.]

Book Reviews and other essays:

Some Wikipedia Articles:

Thursday, March 17, 2016

Cohen & DeLong, The End of Influence (2010)

Stephen S. Cohen and J. Bradford DeLong.
The End of Influence: What Happens When Other Countries Have the Money.
New York: Basic Books (Perseus Books Group), 2010.

Book information: Publisher; Google Books; Amazon.com; Amazon.com, paperback; Book Info at DeLong's blog.

A footnote on page 2 states: "Notes and references to this book are to be found online at www.cohen-delong-influence.com." The last time I checked, the website at www.cohen-delong-influence.com does not work. This illustrates the obvious failure of separating notes and references from the physical book, a very unfortunate practice recently adopted by some book publishers. Fortunately one of the authors (DeLong) is currently an active blogger and has provided the notes and references at his own blog: Back Matter. Notes in reverse page order are HERE. What will become of this 50 years from now?

Book excerpt: Brad DeLong and Stephen Cohen, "The End of Influence," Foreign Policy, 23 December 2009.

Cohen and DeLong are also the authors of:
Concrete Economics: The Hamilton Approach to Economic Growth and Policy, Harvard Business Review Press, 2016.
[Publisher; Book Info at Bradford-DeLong.com; Google Books; Amazon.com.]
My post on Concrete Economics is here.

Author information: Stephen S. Cohen
Author information: J. Bradford DeLong
Book Reviews:
Some Wikipedia Articles:

Tuesday, March 15, 2016

Parrish, Anxious Decades: America in Prosperity and Depression, 1920-1941 (1992)

Michael E. Parrish.
Anxious Decades: America in Prosperity and Depression, 1920-1941.
New York: W. W. Norton & Company, 1992.

Book Information: Publisher; Google Books; Amazon.com.

Anxious Decades is the second volume in a series, The Norton Twentieth Century America Series, published by W. W. Norton & Company:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Author Information:
  • Michael Parrish, Emeritus Professor, Department of History, University of California, San Diego.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Video: Lectures in History, C-SPAN

(Lectures addressing the period 1920-1941.)

~~~~~~

### Shauna Devine and Neville Thompson, "Franklin Delano Roosevelt's Presidency," University of Western Ontario, London, Ontario, Canada, 16 March 2017.
  • Shauna Devine, Department of History, University of Western Ontario.
  • J. Neville Thompson, Emeriti Professors, Department of History, University of Western Ontario.
Wikipedia Articles:~~~~~~

### Carl Abrams, "Culture During the Great Depression," Bob Jones University, Greenville, South Carolina, 16 March 2016.
  • Carl Abrams, Department of History, Bob Jones University.
  • Douglas Carl Abrams. Conservative Constraints: North Carolina and the New Deal. Jackson, Mississippi: University Press of Mississippi, 1992.
    [Google Books; Amazon.com.]
  • Douglas Carl Abrams. Selling the Old-Time Religion: American Fundamentalists and Mass Culture, 1920-1940. Athens, Georgia: University of Georgia Press, 2001.
    [Publisher; Google Books; Amazon.com.]
  • Douglas Carl Abrams. Old-Time Religion Embracing Modernist Culture: American Fundamentalism between the Wars. Lanham, Maryland: Lexington Books (Rowman & Littlefield), 2016.
    [Publisher; Google Books; Amazon.com.]
Wikipedia Articles:~~~~~~

### Steve Voguit, "President Roosevelt and the New Deal," Flagler College, St. Augustine, Florida, 04 March 2015.Book Mentioned?
  • Alan Brinkley. The Unfinished Nation: A Concise History of the American People, Eighth Edition. New York: McGraw-Hill Education, 2015.
    [Amazon.com.]
  • Alan Brinkley. American History: Connecting with the Past, Fifteenth Edition. New York: McGraw-Hill Education, 2014.
    [Amazon.com.]
Wikipedia Articles:~~~~~~

### Sara Marcketti, "Fashion Piracy in the 1930s," Iowa State University, Ames, Iowa, 19 November 2014.
  • Sara Marcketti, Department of Apparel, Events, and Hospitality Management, Iowa State University.
  • Sara Marcketti, Center for Excellence in Learning and Teaching, Iowa State University.
  • Phyllis G. Tortora and Sara B. Marcketti. Survey of Historic Costume, Sixth Edition. New York: Fairchild Books (Bloomsbury Publishing, Inc.), 2015.
    [Publisher; Google Books; Amazon.com.]
Wikipedia Articles:~~~~~~

### Charles J. Holden, "Post-World War I and Modernism," St. Mary's College of Maryland, St. Mary's City, Maryland, 17 November 2014.Book:
  • Jennifer D. Keene. Doughboys, the Great War, and the Remaking of America. Baltimore: The Johns Hopkins University Press, 2001.
    [Publisher; Google Books; Amazon.com.]
Wikipedia Articles:~~~~~~

### Jonathan Sarna, "Henry Ford's Publications on Jews," Brandeis University, Waltham, Massachusetts, 03 November 2014.Wikipedia Articles:~~~~~~

### Sarah Igo, "Modernizing the Home and Workplace," Vanderbilt University, Nashville, Tennessee, 30 September 2014.
  • Sarah Igo, Department of History, Vanderbilt University.
  • Sarah Igo, Vanderbilt Law School.
Books Mentioned:Wikipedia Articles:~~~~~~

### Ian Isherwood, "Experiences of Soldiers in World War I," Gettysburg College, Gettysburg, Pennsylvania, 22 April 2014.Books Mentioned:~~~~~~

### David Hancock, "Edward Bernays and Corporate Public Relations," University of Michigan, Ann Arbor, 05 December 2013.Wikipedia Articles:~~~~~~

### David Canton, "African Americans in the 1920s," Connecticut College, New London, Connecticut, 08 October 2013.Wikipedia Articles:~~~~~~

### James Madison, "Ku Klux Klan in 1920s America," Indiana University, Bloomington, 11 June 2013.Wikipedia Articles:~~~~~~

### Sidney Milkis, "President Franklin Roosevelt and the New Deal," University of Virginia, Charlottesville, Virginia, 24 April 2013.Wikipedia Articles:~~~~~~

### Sally McMillen, "Polio Epidemic in the United States," Davidson College, North Carolina, 09 April 2013.Book Discussed:Wikipedia Articles:~~~~~~

### Aaron O’Connell, "U.S. Marines in the Banana Wars," United States Naval Academy, Annapolis, Maryland, 26 March 2013.Books Mentioned:
  • Max Boot. The Savage Wars of Peace: Small Wars and the Rise of American Power. New York: Basic Books (Perseus Books Group), 2002; revised edition, 2014.
    [Publisher; Google Books; Amazon.com.]
  • Allan R. Millet. Semper Fidelis: The History of the United States Marine Corps. Free Press, 1991.
    [Google Books; Amazon.com.]
  • Hans Schmidt. Maverick Marine: General Smedley D. Butler and the Contradictions of American Military History. Lexington: The University Press of Kentucky, 1987.
    [Publisher; Google Books; Amazon.com.]
  • Mary A. Renda. Taking Haiti: Military Occupation and the Culture of U.S. Imperialism, 1915-1940. Chapel Hill: The University of North Carolina Press, 2001.
    [Publisher; Google Books; Amazon.com.]
Wikipedia Articles:~~~~~~

### Michael Kazin, "Culture and Society in the 1920s," Georgetown University, Washington D.C., 27 February 2013.Wikipedia Articles:~~~~~~

### Jeffrey McClurken, "Civil War History and the Film Gone With the Wind," University of Mary Washington, Fredericksburg, Virginia, 04 October 2012.Wikipedia Articles:~~~~~~

### Stephen Ortiz, "The New Deal," State University of New York, Binghamton, 31 October 2011.Wikipedia Articles:~~~~~~

### Allan Lichtman, "Franklin Delano Roosevelt and the Modern Presidency, Part 1," American University, Washington, D.C., 19 September 2011.

### Allan Lichtman, "Franklin Delano Roosevelt and the Modern Presidency, Part 2," American University, Washington, D.C., 19 September 2011.Wikipedia Articles:~~~~~~

### Allyson Hobbs, "The Great Migration," Stanford University, 10 May 2011.Books:Wikipedia Articles:~~~~~~

### Alan Kraut, "1920s American South," American University, Washington D.C., 04 October 2010.Wikipedia Articles:~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Sunday, March 13, 2016

The First World War: 100th Anniversary Lectures, Gresham College (2014-2015)

The First World War: 100th Anniversary Lectures, Gresham College, London, 2014-2015.

Another Gresham College lecture on this topic but not in this lecture series:

Saturday, March 12, 2016

World War One: Panel Discussions

World War One: Panel Discussions