Word: lazonick
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...HIRING of William H. Lazonick, a Marxist graduate student and teaching fellow, as assistant professor of Economics last week, is not a cause for celebration. The Economics Senior faculty, simply by hiring Lazonick, has hardly reversed its continuing opposition to radical teachers of recognized the importance of Marxian analysis. Rather, Lazonick's appointment shows that the conservative majority of the department's senior faculty has recognized the necessity of maintaining a any enclave of radical economists for the next five years, while keeping Economics overwhelming orthodox bias exactly...
...department's decision to hire Lazonick was the product of ongoing student pressure for the inclusion of radical economists and radical theory to rival the neo-classical teaching that often merely supplies theoretical justification for the present economy and social structure of such professors as Dunlop. Duesenberry and Caves. Formally, Lazonick's hiring was the fulfillment of a pledge made last April to hire one economist interested in "social problem" for 1975-76. This decision, in turn grew out of the recommendations made early in 1974 by a curriculum review committee, chaired by professor Kenneth J. Arrow...
Whatever miniscule gain for radical economics at Harvard the Lazonick appointment represents, the credit for it must be taken by the students who have and are demanding a place for Margion economics, and not by the departments, senior faculty, three-quarters of whom have consistently opposed the hiring of a tenured radical economist...
...makes any real progress towards the inclusion of Marxian economics impossible. This year there were two radical economists on the department's faculty--Stephen A. Marglin '59, professor of Economics, and Arthur MacEwan, lecturer on Economics. With the expiration of MacEwan's contract this June, and the hiring of Lazonick, the number of radicals on the Economics faculty for next year remains exactly the same as this year: one senior faculty member--Marglin--whom the department cannot get rid of, and one junior faculty member, Lazonick. In the short-term, the senior faculty's decision to hire Lazonick, in part...
...hiring very likely is only half a loaf for the radical graduate students and their one tenured faculty ally--Stephen A. Marglin '59, professor of Economics. Case said this week, "If Sam Bowles--the best Marxist economist in the country--couldn't get tenure. I don't think Lazonick will get tenure either...