[OPE] Then and Now: How Marxian interests and perspectives in political economy have changed since the 1970's

From: Gerald Levy <jerry_levy@verizon.net>
Date: Wed May 13 2009 - 09:07:47 EDT

Yes, I know this is a big topic. I was tempted to write a long and
thorough post, but decided that it would be more fun to simply indicate one
change - or two changes - and then let others on the list comment and add

What Fred Lee writes below is true - most radical economic students in
the 70's were interested in input-output theory - and also mathematical
planning techniques. I even remember taking a course in that ("Quantitative
economic policy and planning" taught by Antonio Maria Costa: I did well
in the course but I was really over my head - the whole course was _just_
math formulas; it was basically a 'how to' class). I think it's fair to say
that a lot less radical economists have an interest in that now. Whether
good or bad is another question.

And, of course, every radical economics student in the 70's studied
Sraffa. Really _studied_ Sraffa_ I remember his theory coming up in
class after class that I took at the New School and being part of a
study group which read _PCBMC_. Since that time the interest in Sraffa
and surplus approach theory has faded. I think that's especially true
in Europe where Sraffian theory was once much more popular.
But maybe I'm wrong about this - if so, Gary can correct me.

What other notable changes in interests and perspectives have

In solidarity, Jerry

----- Heterodox Economics Newsletter
Issue 82: May 8, 2009
>From the Editor
This past March 2009 Jacob T. Schwartz died. This name probably has no
meaning form most heterodox economists. But in 1961 he published a book on
Lectures on the Mathematical method in Analytical Economics which contained
a section on ‘The Leontief Model and the Technological Basis of Production’
[...] For heterodox economists in the 1960s/70s who were interested in
Sraffa-Leontief models (and most were), Schwartz’s section contained some
very interesting reading, if only because it dealt with a theory of prices,
a topic not usually associated with Leontief models.

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Received on Wed May 13 09:13:13 2009

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