Tuesday, 8 November 2011

THERE MAY BE HOPE FOR HARVARD YET

Seventy students walked out of Greg Mankiw's Economics 10 course at Harvard [this is the basic intro econ course] to protest the rightwing pro-rich bias of the course. One needs to recall that Martin Feldstein, when teaching the course years ago, told students that the aim of the course was to explain that the market works -- not how the market works, but that it works! This is the same Economics Department that denied tenure more than thirty years ago to young, brilliant Samuel Bowles, who then joined the UMass Economics Department and became the leading radical economist in the United States.

Harvard is always behind the curve, of course, inasmuch as it is essentially an intellectual backwater, but it is lovely to see students even there responding to the new winds that are blowing in America. Now if they would only find somewhere better to aim for after graduation than Wall Street!