Madrick on new economy

[Brad De Long]

>I've got a copy of Jeff Madrick's skeptical New York Review of Books
>piece on The New Economy (which includes comments on Robert Brenner's
>turbulence essay). It's on the NYRB website, but irritatingly broken,
>as is their practice, into 20 separate pieces. I've welded it into a
>single, 41k file, and I'll be happy to email it to anyone who's
>interested.
>
>Doug

I'm curious...

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"Now 'in the long run' this [way of summarizing the quantity theory 
of money] is probably true.... But this long run is a misleading 
guide to current affairs. **In the long run** we are all dead. 
Economists set themselves too easy, too useless a task if in 
tempestuous seasons they can only tell us that when the storm is long 
past the ocean is flat again."

  
--J.M. Keynes
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J. Bradford De Long; Professor of Economics, U.C. Berkeley;
Co-Editor, Journal of Economic Perspectives.
Dept. of Economics, U.C. Berkeley, #3880
Berkeley, CA 94720-3880
(510) 643-4027; (925) 283-2709 phones
(510) 642-6615; (925) 283-3897 faxes
http://econ161.berkeley.edu/
<delong at econ.berkeley.edu>