Word: ecksteins
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Just picture this! A sun-baked beach, the spray of the surf, a tall, cool drink, and the suggested reading list of Otto Eckstein. Warburg Professor of Economics...
...responses were predictable and professorial, John Irving. Harold Robbins and Judith Krantz failed to make a single list, while the likes of Eudora Welty, Marcel Proust and Walker Percy made several. So will it be Princess Daisy or Remembrance of Things Past? Everyone from Bernard Bailyn to Otto Eckstein has an opinion. You decide...
...Eckstein defends the department, arguing that it offers as much or more radical economics than most leading universities. In explaining why Harvard has only one tenured radical, he says, "We should not appoint people for ideological reasons. "Explaining that "We have not accepted economics as a separate field, he adds have one tenured professor in good standing in the field," even though he acknowledges this not the result of design...
...Eckstein says that the whole debate about the role of radical economics "is an echo of the past Fourteen years ago, it was not so clear the Soviet economy does not work "He points to the Soviet and Chinese economic systems as examples of radical economics failures in the real world. (Radical economics however, contend that Mars did not intend his theories to be applied to under developed nations). Although most radical economists. Marglin included dissociate themselves and then their theories from the repression to today's communism. Eckstein insists that the lessons from the real world are indicative...
When asked it Harvard's disdain for radical economics expresses supreme confidence in the American capitalist system, despite such major warnings of instability as the Great Depression and out current crisis, Eckstein replies. "It might I think it we had another big depression, we would add a fourth radical lecture [to Social Analysis 10]" This seems to voice the general feeling in the Economics Department that radical thought a peripheral to the real work of the field...