Someday I'm going to have to figure out the motivations of Anatoly Chubais.

Strobe Talbott, Deputy Secretary of State in the Clinton administration and longtime Friend of Bill, has written his memoirs. They are extremely well-written, fascinating, informative, and a marvelous addition to the historical record. They give us a ringside seat at U.S.-Russian relations in the 1990s. There were two great problems in Russian economic reform. The first was that nobody knew what to do: nobody had ever undertaken a transition from socialism to capitalism before. The second was that the Russian political nation did not know what it wanted to do...

J. Bradford DeLong, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann (1990), "Positive-Feedback Investment Strategies and Destabilizing Rational Speculation," Journal of Finance 45: 2 (June), pp. 374-397....

J. Bradford DeLong and Lawrence H. Summers (1990), "Price Level `Flexibility' and the Coming of the New Deal: A Response to Sumner," Cato Journal 9: 1 (Winter), pp. 729-735....

J. Bradford DeLong and Lawrence H. Summers (1989), "On the Existence and Interpretation of a `Unit Root' in U.S. Real GDP" (Cambridge, MA: Harvard University Department of Economics)....

J. Bradford DeLong, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann (1989), "The Size and Incidence of Losses from Noise Trading," Journal of Finance 44: 3 (July), pp. 681-696....

J. Bradford DeLong and Lawrence H. Summers (1986), "Is Increased Price Flexibility Stabilizing?" American Economic Review 76: 5 (December), pp. 1031-1044....

J. Bradford DeLong and Lawrence H. Summers (1988), "How Does Macroeconomic Policy Matter?" Brookings Papers on Economic Activity 1988: 2 (Fall), pp. 433-480....

J. Bradford DeLong and Lawrence H. Summers (1986), "The Changing Cyclical Variability of Economic Activity in the United States," in Robert J. Gordon, ed., The American Business Cycle: Continuity and Change (Chicago, IL: University of Chicago Press for the National Bureau of Economic Research), pp. 679-719....

J. Bradford DeLong and Lawrence H. Summers (1986), "A Comment on John Taylor's `Improvements in Macroeconomic Stability: The Role of Wages and Prices'," in Robert J. Gordon, ed., The American Business Cycle: Continuity and Change (Chicago, IL: University of Chicago Press for the National Bureau of Economic Research), pp. 667-675....

J. Bradford DeLong and Lawrence H. Summers (1986), "Are Business Cycles Symmetrical?" in Robert J. Gordon, ed., The American Business Cycle: Continuity and Change (Chicago, IL: University of Chicago Press for the National Bureau of Economic Research), pp. 166-178....