August 12, 2005

Brad DeLong is Embarrassed

Says the Paul Krugman of the West Coast, Berkeley economist J. Bradford DeLong:

I am embarrassed for [TechCentralStation] by John Tabin's inability to grasp the point that there is good reason to fear that the private sector won't do enough basic R&D because that kind of intellectual property is hard to appropriate: TCS: Tech Central Station - Big Government Libertarianism
I got some nice responses to that column-- Ramesh Ponnuru linked, Stephen Green declared it "Required Reading"-- but I don't think anything could be nicer than a diss by DeLong. I love you, too, Professor!

P.S. Is there a chance that I'd grasp said point if the good Professor deigned to, you know, argue it? Well, there's no way to know, is there?

P.P.S. DeLong more or less rests his anti-TCS case on the argument that no one who gets financial support from a lobbying firm can have anything worthwhile to say. Bill Clinton's 1992 campaign got $195,825 from lobbyists (and a lot more from their clients). DeLong worked for the Clinton Administration. I don't think that necessarily means no one should ever take DeLong seriously. Perhaps he disagrees?

Posted by John Tabin at August 12, 2005 12:36 AM
Comments

If THAT guy makes an insulting remark, you KNOW u have done a good job. Keep it up son.

Da

Posted by: lee tabin at August 12, 2005 12:15 PM

I`ve defended TCS on numerous occasions from accusations that they are simply a shill for industry because they receive money from a number of private companies. A man like Delong (or Krugman) will ignore TCS as ``compromised`` because of this, while happily quoting any organization which receives it`s largess from the public sector. The public sector is a far larger special interest, and the Universities and endowed chairs are by far the greater prostitutes. The Global Warming argument is a great example of that!

Great job, John!

Posted by: Tim Birdnow at August 12, 2005 06:43 PM