Chapter

The American Economics Profession

Donald W. Katzner

in At the Edge of Camelot

Published in print May 2011 | ISBN: 9780199765355
Published online September 2011 | e-ISBN: 9780199896806 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199765355.003.0004
The American Economics Profession

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This chapter summarizes the evolution of the American economics profession from 1885 to the present. It notes the efforts to suppress the free cultivation of ideas, in particular those associated with Marxism, and its failure as a profession to anticipate the Great Depression of the 1930s and the Great Recession that started in January 2008. A brief account of the denial of tenure to Samuel Bowles at Harvard University is provided, an explanation is given for the subsequent hiring of a large group of radical economists at the University of Massachusetts and not elsewhere, and the conversion of three economists from traditional economics to radical political economics is described.

Keywords: American economics profession; Harvard; conversion; Great Depression; Samuel Bowles; radical political economics

Chapter.  6304 words. 

Subjects: Economic History

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