Some comments on Marx and mainstream economics
Having seen a recent recent set of tweets attacking the economics discipline in general and UChicago economics, in particular, apparently on the basis that Marxist thought is unrepresented in elite departments, I make some observations in response.
With respect to UChicago economics and the Chicago School, I post this video. Samuel Bowles (starting at 9:00) discusses the beginning of his career when Harvard acted to fire him for no signing a loyalty oath. He stayed at Harvard when the requirement was overturned in court. In the interim, Zvi Griliches (then at Chicago) called him to say he should come to UChicago, and that Gary Becker and Milton Friedman agreed.
I may be an economist at Chicago, but I am certainly not a "Chicago economist," and present this as evidence on the actual department as opposed to a stereotype.
Make no mistake, it is terrible that Bowles, Herbert Gintis and Duncan Foley (to name what I think are the most egregious examples) were not tenured by Harvard (B and G) and Stanford (F) respectively. And John Roemer should have been pursued by every elite economics department. But this reflects the situation 40 years ago.
Second, complaints that contemporary elite economics departments do not include Marxists fail, at least in their social media form, for three distinct reasons.
1. The critiques typically fail to give any substantive reason why the omission matters. Economics, as a body of thought, has evolved towards a set of objects of study that are very different from political economy as classically understood. If one bemoans this evolution, one needs specific critiques of the body of current economic research, either because of limitations in this domain or because of desiccation as to how questions in the domain are analyzed. Banalities such as "Marx studied inequality and this is little taught," are an argument for history of thought courses, nothing more.
Such substantive critiques do exist, of course. Brian Leiter
@BrianLeiter does this in his great book with Jaime Edwards, Marx. Historians of capitalism do this as well; it is a huge loss to Chicago at Jonathan Levy
@_jonlevy (his book The Real Economy is deeply insightful) has moved to Sciences Po. Whether or not I agree with all of their arguments is irrelevant, the point is that they make powerful arguments. This leads to
2. Any critique of Economics departments needs to account for the fact the universities are ecologies. There is much capacity to learn about Marxian thought in departments other than Economics at the University of Chicago. This reflects, IMO, the differential importance of the ideas to different disciplines. There are good reasons for specialization.
3, Any critique has to argue that there are scholars who active research programs matter for either enriching or expanding the domain of economics. Otherwise, one is arguing for intellectual diversity quotas that will not do anything substantive. I do not think Marxist economics is a flourishing area nor has been for a long time. It is noteworthy that leading radical economists moved away from Marxism. This matters in understanding the evolution of departments since the late 1960s and 1970s.
As for my views on Marx, here is a public conversation that Geoff Wodtke and I had with Jaime Edwards and Brian Leiter on their book, where I present some of them.