Word: marglin
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...says Economics professor Stephen A. Marglin ’59, there is another option: Social Analysis 72, an introductory look at the subject that dares to question what has become a religion for some. It’s a course that opposes the political bent of noted Ec 10 leader and former advisor to George W. Bush N. Gregory Mankiw. It’s a course with its own dissident history that, Marglin says, is as relevant as ever given the current economic climate. To some, it toes a Marxist line. But for Marglin and his followers it?...
...think it’s fair to say I’m more liberal than most of my colleagues,” says Marglin, whose most recent book was titled: “The Dismal Science: How Thinking Like an Economist Undermines Community.” A tenured professor at Harvard since 1968, he says he is aware of the uniqueness of his outlook within the Littauer building, home of the Economics Department. “I don’t think there is anybody who shares my views,” he says...
...years ago, Marglin found a permanent pulpit for those views in the form of a core class, overcoming the opposition from his own department. His revolutionary course—designed after a coalition of undergraduates known as Students for Humane and Responsible Economics (SHARE) formed a petition lobbying for a more liberal alternative to Ec 10—sought to offer a more critical introduction to the field of economics that would still incorporate basic economic principles...
...Marglin says the class was largely structured around his own criticisms of Economics that he was putting together in his book. But he also wanted to incorporate a more holistic history of criticism. As advertised, the syllabus offers an array of economic ideologies, including writings from Adam Smith to John Keynes, and from Marglin to Mankiw himself (but no Karl Marx...
...course’s distinctive, left-leaning flavor was readily apparent against the backdrop of a department that appeared to have accepted the elevation of “mainstream economics” to a “fairly hegemonic position,” according to Marglin. By the time of Social Analysis 72’s inception, former Ec 10 Professor Martin S. Feldstein ’61 had stopped offering the specialized, “radical” sections that offered a Marxist critique to the Ec 10 curriculum. And it had been nine years since he had phased...