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It would seem that Brad DeLong's career as a publishable research economist pretty much ended after publishing "Equipment Investment and Economic Growth" in the Quarterly Journal of Economics in 1991, and "Equipment Investment and Economic Growth: How Strong is the Nexus?" in the Brookings Papers on Economic Activity in 1992 -- these papers were crushingly descredited by Hassett, Auerbach and Oliner in "Reassessing the Social Returns to Equipment Investment," published in 1994 in QEJ. It was shown that DeLong's sloppy results fell apart completely with the removal of a single out-lying data point, representing the nation of Botswana. Oops -- too many jelly donuts, not enough time in the library.

But no matter. DeLong's not an economist anymore, anwyay. He's a political rabble-rouser ministering to a mob of bloodthirsty web-fans, who think he's the smartest guy in the room (have you seen his picture? he's the only guy in the room). So DeLong actually has the chutzpah to list one of these discredited papers (the earlier one) on his website, in the right-hand marginalia that appears on every page of the site, citing it as number three on the list headed "Among his best works are:" No kidding. It's there. Check it out. Have a good laugh.

There's a reason why Teddy Kennedy doesn't feature a link to information about Mary Jo Kopechne on his website. But DeLong has no shame. Or maybe it's that he's got tenure.

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